Affordable Housing In Boone County

17 Low Income Apartment Communities In Boone County

Big Cedar Apartments

315 N Industrial Park Rd
Harrison, Arkansas

Big Oaks Apartments

200 Richard Ave
Harrison, Arkansas

Autumn Village

1401 Dawson Dr
Harrison, Arkansas

Maple Esplanade

1400 Old Bergman Rd
Harrison, Arkansas

Shamrock Acres 6

6 Shamrock Dr
Harrison, Arkansas

Maple Church Senior Citizens Apartments

1614 Senior Parkway Dr
Harrison, Arkansas

Maple Church Apartments Phase II

1627 Mountain View Dr
Harrison, Arkansas

Guide To Affordable Housing in Boone County, Arkansas

There are 17 low income housing apartment communities offering 535 affordable apartments for rent in Boone County, Arkansas.

Income Based Apartments in Boone County, Arkansas

Boone County features 382 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 Boone County, Arkansas

There are 153 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Boone County.

Housing Choice Vouchers in Boone County, Arkansas

On average, Section 8 Housing Choice vouchers pay Boone County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Boone County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Boone County, Arkansas for a two-bedroom apartment is between $584 and $714.

2022 Boone 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
Boone County, Arkansas Fair Market Rent $481 $569 $649 $922 $951
Boone County, Arkansas Payment Standard Range $433 to $529 $512 to $626 $584 to $714 $830 to $1,014 $856 to $1,046

Sourced from federal housing data and research.

Boone County, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 535
Total Housing Units with Rental Assistance 382
Percentage of Housing Units Occupied By Renters 28.81%
Average Renter Household Size 2.53
Average Household Size 2.45
Median Household Income $39,251 ±$1,797
Median Rent $596 ±$23
Percentage Of Renters Overburdened 37.42% ± 5.26pp
Total Population 37,227

Population and Household Demographics

Boone County is a county in Arkansas with a population of 37,227. There are 14,961 households in the county with an average household size of 2.45 persons. 28.81% of households in Boone County are renters.

Income and Rent Overburden in Boone County

The median gross income for households in Boone County is $39,251 a year, or $3,271 a month. The median rent for the county is $596 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Boone County, a household making less than $1,987 a month would be considered overburdened when renting an apartment at or above the median rent. 37.42% of households who rent are overburdened in Boone County.

Area Median Income In Boone 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 Boone County, HUD calculates the Area Median Income for a family of four as $52,000

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 Boone 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 Boone 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 Boone County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $29,250 $31,400 $33,550 $35,750
50% AMI Income Limits
Renters earning up to 50% of the Boone County AMI may qualify for rental assistance programs that target Very Low Income households.
$18,950 $21,650 $24,350 $27,050 $29,250 $31,400 $33,550 $35,750
80% AMI Income Limits
Renters earning up to 80% of the Boone County AMI may qualify for rental assistance programs that target Low Income households.
$30,350 $34,650 $39,000 $43,300 $46,800 $50,250 $53,700 $57,200

Cities In Boone County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Diamond City
Harrison The HUD funded Public Housing Agency that serves Harrison is the Harrison Housing Agency.
Lead Hill
South Lead Hill
Valley Springs