Affordable Housing In Berryville
9 Low Income Apartment Communities In Berryville
Guide To Affordable Housing in Berryville, Arkansas
There are 9 low income housing apartment communities offering 260 affordable apartments for rent in Berryville, Arkansas.
Income Based Apartments in Berryville, Arkansas
Berryville features 162 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 Berryville, Arkansas
There are 98 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Berryville.
Housing Choice Vouchers in Berryville, Arkansas
On average, Section 8 Housing Choice vouchers pay Berryville landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Berryville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Berryville, Arkansas for a two-bedroom apartment is between $600 and $734.
2022 Berryville, 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|
|Berryville, Arkansas Fair Market Rent||$443||$507||$667||$825||$905|
|Berryville, Arkansas Payment Standard Range||$399 to $487||$456 to $558||$600 to $734||$743 to $908||$815 to $996|
Sourced from federal housing data and AffordableHousingOnline.com research.
Berryville, AR Affordable Housing Snapshot
|Total Affordable Apartment Properties||9|
|Total Low Income Apartments||260|
|Total Housing Units with Rental Assistance||162|
|Percentage of Housing Units Occupied By Renters||36.53%|
|Average Renter Household Size||3.53|
|Average Household Size||3.18|
|Median Household Income||$35,327 ±$3,433|
|Median Rent||$596 ±$133|
|Percentage Of Renters Overburdened||33.61% ± 16.14pp|
Population and Household Demographics
Berryville is a city in Carroll County, Arkansas with a population of 5,339. There are 1,629 households in the city with an average household size of 3.18 persons. 36.53% of households in Berryville are renters.
Income and Rent Overburden in Berryville
The median gross income for households in Berryville is $35,327 a year, or $2,944 a month. The median rent for the city is $596 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Berryville, a household making less than $1,987 a month would be considered overburdened when renting an apartment at or above the median rent. 33.61% of households who rent are overburdened in Berryville.
Area Median Income In Berryville
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.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Berryville, the AMI is calculated from all households within Carroll County.
In Berryville, HUD calculates the Area Median Income for a family of four as $56,300
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 Berryville
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 Berryville
|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 Berryville AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Berryville AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Berryville AMI may qualify for rental assistance programs that target Low Income households.