How many renters live in Bella Vista, Arkansas?
The City of Bella Vista has 30,297 people living in 12,531 households.
There are 3,395 renters living in 1,453 renter households in this City. Renters make up 11.21 percent of the population living in Bella Vista.
What is the rental market like in Bella Vista, Arkansas?
There are an estimated 13,876 housing units in the Bella Vista area. Of these, 1,504 units are rental homes, making up 11 percent of the housing market. For every renter household in Bella Vista, Arkansas, there are 1 rental units.
What is the vacancy rate for rentals in Bella Vista?
The rental vacancy rate in Bella Vista is 3 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 Bella Vista for each bedroom size?
Occupied Rental Units by Size in Bella Vista
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 50 | 71 | 678 | 576 | 61 |
Occupied Rental Units by Size in Bella Vista
A large number of apartments in Bella Vista 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 Bella Vista are overburdened by housing costs?
Among renter households in this market, 24 percent have housing cost burden. Further, 9 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 Bella Vista
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $871 to $1,847. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $871 |
| One BR | $924 |
| Two BR | $1,121 |
| Three BR | $1,580 |
| Four BR | $1,847 |
2024 Fair Market Rents in Bella Vista, Arkansas
How many units are rented at Fair Market Rent (FMR) in Bella Vista?
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 | 40 | 80 percent |
| One BR | 53 | 75 percent |
| Two BR | 373 | 55 percent |
Rental Units Below FMR in Bella Vista, Arkansas
How many affordable rental units are in Bella Vista?
There are a variety of federal affordable housing programs serving households in Bella Vista, Arkansas including the following:
| Federal Program | Unit Count |
| Section 202 Supportive Housing for the Elderly | 20 |
Tracked Units by Federal Program in Bella Vista, Arkansas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Bella Vista, Arkansas
Bella Vista features 20 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 Bella Vista, Arkansas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bella Vista.
Housing Choice Vouchers in Bella Vista, Arkansas
On average, Section 8 Housing Choice vouchers pay Bella Vista landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bella Vista.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bella Vista, Arkansas for a two-bedroom apartment is between $1,009 and $1,233.
Sourced from federal housing data and AffordableHousingOnline.com research.
