. Low Income Apartments For Rent in Caddo Valley, Arkansas - Affordable Housing Online


Paradise Cove
Caddo Valley, Arkansas
Rent Assisted
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There are 5 low-income apartments in Caddo Valley that offer reduced rents to eligible households.

Rental assistance programs support 0 low-income homes in Caddo Valley where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on September 26th, 2023. Subdsidized rents typically change once a year based on federal guidance.

Caddo Valley, Arkansas Affordable Housing Data

Income Based Apartments in Caddo Valley, Arkansas

Caddo Valley 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 Caddo Valley, Arkansas

There are 5 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Caddo Valley.

Housing Choice Vouchers in Caddo Valley, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Caddo Valley, Arkansas for a two-bedroom apartment is between $648 and $792.

2023 Caddo Valley, 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
Caddo Valley, Arkansas Fair Market Rent $552 $629 $720 $1,006 $1,130
Caddo Valley, Arkansas Payment Standard Range $497 to $607 $566 to $692 $648 to $792 $905 to $1,107 $1,017 to $1,243

Sourced from federal housing data and AffordableHousingOnline.com research.

Caddo Valley, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 5
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 34.75%
Average Renter Household Size 2.31
Average Household Size 2.27
Median Household Income $42,105 ±$7,801
Median Rent $709 ±$95
Percentage Of Renters Overburdened 43.88% ± 22.87pp
Total Population 641

Population and Household Demographics

Caddo Valley is a city in Clark County, Arkansas with a population of 641. There are 282 households in the city with an average household size of 2.27 persons. 34.75% of households in Caddo Valley are renters.

Income and Rent Overburden in Caddo Valley

The median gross income for households in Caddo Valley is $42,105 a year, or $3,509 a month. The median rent for the city is $709 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Caddo Valley, a household making less than $2,363 a month would be considered overburdened when renting an apartment at or above the median rent. 43.88% of households who rent are overburdened in Caddo Valley.

Area Median Income In Caddo Valley

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 Caddo Valley, the AMI is calculated from all households within Clark County.

In Caddo Valley, HUD calculates the Area Median Income for a family of four as $69,400

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 Caddo Valley

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 Caddo Valley

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30% AMI Income Limits
Renters earning up to 30% of the Caddo Valley AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $35,140 $40,100 $42,850 $45,650
50% AMI Income Limits
Renters earning up to 50% of the Caddo Valley AMI may qualify for rental assistance programs that target Very Low Income households.
$24,200 $27,650 $31,100 $34,550 $37,350 $40,100 $42,850 $45,650
80% AMI Income Limits
Renters earning up to 80% of the Caddo Valley AMI may qualify for rental assistance programs that target Low Income households.
$38,750 $44,250 $49,800 $55,300 $59,750 $64,150 $68,600 $73,000