Affordable Housing In Bradley County
6 Low Income Apartment Communities In Bradley County
Guide To Affordable Housing in Bradley County, Arkansas
There are 6 low income housing apartment communities offering 439 affordable apartments for rent in Bradley County, Arkansas.
Income Based Apartments in Bradley County, Arkansas
Bradley County features 407 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 Bradley County, Arkansas
There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bradley County.
Housing Choice Vouchers in Bradley County, Arkansas
On average, Section 8 Housing Choice vouchers pay Bradley County landlords $400 per month towards rent. The average voucher holder contributes $400 towards rent in Bradley County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bradley County, Arkansas for a two-bedroom apartment is between $584 and $714.
2022 Bradley 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|
|Bradley County, Arkansas Fair Market Rent||$481||$511||$649||$874||$1,111|
|Bradley County, Arkansas Payment Standard Range||$433 to $529||$460 to $562||$584 to $714||$787 to $961||$1,000 to $1,222|
Sourced from federal housing data and AffordableHousingOnline.com research.
Bradley County, AR Affordable Housing Snapshot
|Total Affordable Apartment Properties||6|
|Total Low Income Apartments||439|
|Total Housing Units with Rental Assistance||407|
|Percentage of Housing Units Occupied By Renters||32.54%|
|Average Renter Household Size||2.46|
|Average Household Size||2.39|
|Median Household Income||$33,701 ±$2,360|
|Median Rent||$565 ±$50|
|Percentage Of Renters Overburdened||42.25% ± 8.89pp|
Population and Household Demographics
Bradley County is a county in Arkansas with a population of 11,206. There are 4,598 households in the county with an average household size of 2.39 persons. 32.54% of households in Bradley County are renters.
Income and Rent Overburden in Bradley County
The median gross income for households in Bradley County is $33,701 a year, or $2,808 a month. The median rent for the county is $565 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bradley County, a household making less than $1,883 a month would be considered overburdened when renting an apartment at or above the median rent. 42.25% of households who rent are overburdened in Bradley County.
Area Median Income In Bradley 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 Bradley County, HUD calculates the Area Median Income for a family of four as $49,200
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 Bradley 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 Bradley 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 Bradley 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 Bradley 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 Bradley County AMI may qualify for rental assistance programs that target Low Income households.