. Low Income Apartments For Rent in Cave City, Arkansas - Affordable Housing Online

Apply to Cave City Apartment Waiting Lists

Cypress Knoll

700 Johnson St
Cave City, Arkansas
S. 202

Parkview Manor Senior Citizens Apartments

206 W South St
Cave City, Arkansas
Rent Assisted

Curia Creek Apartments Phase II

352 Curia Creek Ln
Cave City, Arkansas
Rent Assisted

Curia Creek Aparatments II

Christopher St
Cave City, Arkansas
Rent Assisted
USDA S. 538
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There are 60 low-income apartments in Cave City that offer reduced rents to eligible households.

Rental assistance programs support 16 low-income homes in Cave City where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $240 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Cave City, Arkansas

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
White River Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Cave City.

Cave City, Arkansas Affordable Housing Data

Income Based Apartments in Cave City, Arkansas

Cave City features 16 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 Cave City, Arkansas

There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cave City.

Housing Choice Vouchers in Cave City, Arkansas

On average, Section 8 Housing Choice vouchers pay Cave City landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Cave City.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cave City, Arkansas for a two-bedroom apartment is between $653 and $799.

2023 Cave City, 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
Cave City, Arkansas Fair Market Rent $544 $552 $726 $950 $975
Cave City, Arkansas Payment Standard Range $490 to $598 $497 to $607 $653 to $799 $855 to $1,045 $878 to $1,073

Sourced from federal housing data and AffordableHousingOnline.com research.

Cave City, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 76
Total Housing Units with Rental Assistance 16
Percentage of Housing Units Occupied By Renters 47.21%
Average Renter Household Size 2.72
Average Household Size 2.52
Median Household Income $26,194 ±$3,455
Median Rent $581 ±$44
Percentage Of Renters Overburdened 51.33% ± 12.27pp
Total Population 2,278

Population and Household Demographics

Cave City is a city in Independence County, Arkansas with a population of 2,278. There are 879 households in the city with an average household size of 2.52 persons. 47.21% of households in Cave City are renters.

Income and Rent Overburden in Cave City

The median gross income for households in Cave City is $26,194 a year, or $2,183 a month. The median rent for the city is $581 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cave City, a household making less than $1,937 a month would be considered overburdened when renting an apartment at or above the median rent. 51.33% of households who rent are overburdened in Cave City.

Area Median Income In Cave City

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 Cave City, the AMI is calculated from all households within Independence County.

In Cave City, HUD calculates the Area Median Income for a family of four as $67,300

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 Cave City

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 Cave City

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 Cave City AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,650 $37,200 $39,750 $42,350
50% AMI Income Limits
Renters earning up to 50% of the Cave City AMI may qualify for rental assistance programs that target Very Low Income households.
$22,450 $25,650 $28,850 $32,050 $34,650 $37,200 $39,750 $42,350
80% AMI Income Limits
Renters earning up to 80% of the Cave City AMI may qualify for rental assistance programs that target Low Income households.
$35,950 $41,050 $46,200 $51,300 $55,450 $59,550 $63,650 $67,750