How many renters live in Centerton, Arkansas?
The City of Centerton has people living in households.
There are renters living in renter households in this City. Renters make up 30.91 percent of the population living in Centerton.
What is the rental market like in Centerton, Arkansas?
There are an estimated housing units in the Centerton area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Centerton, Arkansas, there are 1.08 rental units.
What is the vacancy rate for rentals in Centerton?
The rental vacancy rate in Centerton is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Centerton for each bedroom size?
Occupied Rental Units by Size in Centerton
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 189 | 458 | 1,418 | 161 |
Occupied Rental Units by Size in Centerton
A large number of apartments in Centerton have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Centerton
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $871 to $1,847. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $871 |
| One BR | $924 |
| Two BR | $1,121 |
| Three BR | $1,580 |
| Four BR | $1,847 |
2024 Fair Market Rents in Centerton, Arkansas
How many units are rented at Fair Market Rent (FMR) in Centerton?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 37 | 20 percent |
| Two BR | 158 | 34 percent |
Rental Units Below FMR in Centerton, Arkansas
How many affordable rental units are in Centerton?
Income Based Apartments in Centerton, Arkansas
Centerton 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 Centerton, Arkansas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Centerton.
Housing Choice Vouchers in Centerton, Arkansas
On average, Section 8 Housing Choice vouchers pay Centerton landlords $400 per month towards rent. The average voucher holder contributes $500 towards rent in Centerton.
The maximum amount a voucher would pay on behalf of a low-income tenant in Centerton, Arkansas for a two-bedroom apartment is between $1,009 and $1,233.
Sourced from federal housing data and AffordableHousingOnline.com research.