Affordable Housing In Bodcaw
Nevada County, Arkansas

Affordable Housing programs support 0 income based apartments in Bodcaw where households pay rent based on how much they earn.

There are 0 affordable apartments in Bodcaw that offer reduced rents to low-income households.

Waiting Lists in Bodcaw, Arkansas

There are no open Section 8 Housing Choice Voucher waiting lists in Bodcaw. Go to the Arkansas Section 8 Waiting Lists page for openings near Bodcaw.

Affordable Housing Near Bodcaw

View affordable apartments and waiting lists in cities near Bodcaw

City Apartments
Affordable Housing In Prescott, AR Affordable Housing programs support 7 apartment communities in Prescott.

Bodcaw, Arkansas Affordable Housing Data

Income Based Apartments in Bodcaw, Arkansas

Bodcaw features 0 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 Bodcaw, Arkansas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bodcaw.

Housing Choice Vouchers in Bodcaw, Arkansas

On average, Section 8 Housing Choice vouchers pay Bodcaw landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bodcaw.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bodcaw, Arkansas for a two-bedroom apartment is between $741 and $905.

2023 Bodcaw, 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
Bodcaw, Arkansas Fair Market Rent $616 $625 $823 $1,002 $1,171
Bodcaw, Arkansas Payment Standard Range $554 to $678 $563 to $688 $741 to $905 $902 to $1,102 $1,054 to $1,288

Sourced from federal housing data and research.

Bodcaw, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 12.7%
Average Renter Household Size 2.88
Average Household Size 2.73
Median Household Income $46,563 ±$15,116
Median Rent $0 ±$0
Percentage Of Renters Overburdened 0% ± 275pp
Total Population 172

Population and Household Demographics

Bodcaw is a city in Nevada County, Arkansas with a population of 172. There are 63 households in the city with an average household size of 2.73 persons. 12.7% of households in Bodcaw are renters.

Income and Rent Overburden in Bodcaw

The median gross income for households in Bodcaw is $46,563 a year, or $3,880 a month. The median rent for the city is $0 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bodcaw, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 0% of households who rent are overburdened in Bodcaw.

Area Median Income In Bodcaw

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 Bodcaw, the AMI is calculated from all households within Nevada County.

In Bodcaw, HUD calculates the Area Median Income for a family of four as $50,400

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 Bodcaw

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 Bodcaw

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 Bodcaw AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $34,950 $37,350 $39,750
50% AMI Income Limits
Renters earning up to 50% of the Bodcaw AMI may qualify for rental assistance programs that target Very Low Income households.
$21,100 $24,100 $27,100 $30,100 $32,550 $34,950 $37,350 $39,750
80% AMI Income Limits
Renters earning up to 80% of the Bodcaw AMI may qualify for rental assistance programs that target Low Income households.
$33,750 $38,550 $43,350 $48,150 $52,050 $55,900 $59,750 $63,600