How many renters live in Arkansas City, Kansas?
The City of Arkansas City has 11,997 people living in 4,685 households.
There are 3,608 renters living in 1,744 renter households in this City. Renters make up 30.07 percent of the population living in Arkansas City.
What is the rental market like in Arkansas City, Kansas?
There are an estimated 5,595 housing units in the Arkansas City area. Of these, 1,885 units are rental homes, making up 34 percent of the housing market. For every renter household in Arkansas City, Kansas, there are 1 rental units.
What is the vacancy rate for rentals in Arkansas City?
The rental vacancy rate in Arkansas City is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Arkansas City for each bedroom size?
Occupied Rental Units by Size in Arkansas City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 41 | 368 | 819 | 383 | 128 |
Occupied Rental Units by Size in Arkansas City
A large number of apartments in Arkansas City have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Arkansas City are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 14 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Arkansas City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $598 to $1,329. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $598 |
| One BR | $671 |
| Two BR | $882 |
| Three BR | $1,126 |
| Four BR | $1,329 |
2024 Fair Market Rents in Arkansas City, Kansas
How many units are rented at Fair Market Rent (FMR) in Arkansas City?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 28 | 68 percent |
| One BR | 313 | 85 percent |
| Two BR | 507 | 62 percent |
Rental Units Below FMR in Arkansas City, Kansas
How many affordable rental units are in Arkansas City?
There are a variety of federal affordable housing programs serving households in Arkansas City, Kansas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 184 |
| Section 8 Project-Based Rental Assistance | 117 |
| USDA Section 515 Rural Rental Housing | 74 |
Tracked Units by Federal Program in Arkansas City, Kansas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Arkansas City, Kansas
Arkansas City features 244 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Arkansas City, Kansas
There are 72 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Arkansas City.
Housing Choice Vouchers in Arkansas City, Kansas
On average, Section 8 Housing Choice vouchers pay Arkansas City landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Arkansas City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Arkansas City, Kansas for a two-bedroom apartment is between $794 and $970.
Sourced from federal housing data and AffordableHousingOnline.com research.
