Affordable Housing In Baxter County
28 Low Income Apartment Communities In Baxter County
Guide To Affordable Housing in Baxter County, Arkansas
There are 28 low income housing apartment communities offering 1,054 affordable apartments for rent in Baxter County, Arkansas.
Income Based Apartments in Baxter County, Arkansas
Baxter County features 351 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 Baxter County, Arkansas
There are 703 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Baxter County.
Housing Choice Vouchers in Baxter County, Arkansas
On average, Section 8 Housing Choice vouchers pay Baxter County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Baxter County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Baxter County, Arkansas for a two-bedroom apartment is between $638 and $780.
2022 Baxter County, Arkansas Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
|Studio||One BR||Two BR||Three BR||Four BR|
|Baxter County, Arkansas Fair Market Rent||$525||$547||$709||$876||$978|
|Baxter County, Arkansas Payment Standard Range||$473 to $578||$492 to $602||$638 to $780||$788 to $964||$880 to $1,076|
Sourced from federal housing data and AffordableHousingOnline.com research.
Baxter County, AR Affordable Housing Snapshot
|Total Affordable Apartment Properties||28|
|Total Low Income Apartments||1,054|
|Total Housing Units with Rental Assistance||351|
|Percentage of Housing Units Occupied By Renters||24.43%|
|Average Renter Household Size||2.29|
|Average Household Size||2.23|
|Median Household Income||$35,396 ±$2,040|
|Median Rent||$624 ±$31|
|Percentage Of Renters Overburdened||42.11% ± 6.14pp|
Population and Household Demographics
Baxter County is a county in Arkansas with a population of 41,040. There are 18,164 households in the county with an average household size of 2.23 persons. 24.43% of households in Baxter County are renters.
Income and Rent Overburden in Baxter County
The median gross income for households in Baxter County is $35,396 a year, or $2,950 a month. The median rent for the county is $624 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Baxter County, a household making less than $2,080 a month would be considered overburdened when renting an apartment at or above the median rent. 42.11% of households who rent are overburdened in Baxter County.
Area Median Income In Baxter County
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
In Baxter County, HUD calculates the Area Median Income for a family of four as $52,600
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Baxter County
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Baxter County
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the Baxter County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Baxter County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Baxter County AMI may qualify for rental assistance programs that target Low Income households.