Affordable Housing In Cave City
Independence County, Arkansas

4 Low Income Apartment Communities In Cave City

Cypress Knoll

700 Johnson St
Cave City, Arkansas
Subsidized
62+
Accessible
Elderly Supportive Housing

Curia Creek Aparatments II

Christopher St
Cave City, Arkansas

Parkview Manor Senior Citizens Apartments

206 W South St
Cave City, Arkansas

Curia Creek Apartments Phase II

352 Curia Creek Ln
Cave City, Arkansas
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Section 8 Vouchers, Apartments, and Waiting Lists in 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Cave City, Arkansas

Housing Authority Programs
White River Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Cave City, Arkansas

There are 4 low income housing apartment communities offering 76 affordable apartments for rent in Cave City, Arkansas.

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 $584 and $714.

2022 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 $481 $493 $649 $823 $880
Cave City, Arkansas Payment Standard Range $433 to $529 $444 to $542 $584 to $714 $741 to $905 $792 to $968

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 $55,500

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.
$12,880 $17,420 $21,960 $26,500 $30,000 $32,200 $34,450 $36,650
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.
$19,450 $22,200 $25,000 $27,750 $30,000 $32,200 $34,450 $36,650
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.
$31,100 $35,550 $40,000 $44,400 $48,000 $51,550 $55,100 $58,650