Affordable Housing In Chicot County
Arkansas

Affordable Housing programs support 416 income based apartments in Chicot County where households pay rent based on how much they earn.

There are 217 affordable apartments in Chicot County that offer reduced rents to low-income households.

Waiting Lists in Chicot County, Arkansas

There is one Section 8 Housing Choice Voucher waiting list open in Chicot County.

  • is currently open for new Section 8 applications.

Go to the Arkansas Section 8 Waiting Lists page for more openings near Chicot County.

Chicot Lake Apartments

920 Mulberry St
Lake Village, Arkansas
Affordable

Old Lakeshore Apartments

201 N Lakeshore Dr
Lake Village, Arkansas
Rent Assisted

Dermott Terrace ( Fka Dermott Villas )

208 W Ash St
Dermott, Arkansas
Affordable

Country Place Apt

820 Mulberry Street
Lake Village, Arkansas
Showing Results 11-14

Affordable Housing In Chicot County

View affordable apartments and waiting lists in cities near Chicot County

City Apartments
Affordable Housing In Dermott, AR Affordable Housing programs support 2 apartment communities in Dermott.
Affordable Housing In Eudora, AR Affordable Housing programs support 4 apartment communities in Eudora.
Affordable Housing In Lake Village, AR Affordable Housing programs support 8 apartment communities in Lake Village.

Public Housing Agencies Serving Chicot County, 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
Lake Village Housing Authority Section 8 Housing Choice Voucher (HCV)
Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Chicot County.

Chicot County, Arkansas Affordable Housing Data

Income Based Apartments in Chicot County, Arkansas

Chicot County features 416 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 Chicot County, Arkansas

There are 217 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chicot County.

Housing Choice Vouchers in Chicot County, Arkansas

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

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

2023 Chicot 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
Chicot County, Arkansas Fair Market Rent $543 $547 $720 $976 $1,226
Chicot County, Arkansas Payment Standard Range $489 to $597 $492 to $602 $648 to $792 $878 to $1,074 $1,103 to $1,349

Sourced from federal housing data and AffordableHousingOnline.com research.

Chicot County, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 633
Total Housing Units with Rental Assistance 416
Percentage of Housing Units Occupied By Renters 32.35%
Average Renter Household Size 2.64
Average Household Size 2.36
Median Household Income $28,913 ±$2,578
Median Rent $575 ±$43
Percentage Of Renters Overburdened 43.63% ± 7.35pp
Total Population 11,353

Population and Household Demographics

Chicot County is a county in Arkansas with a population of 11,353. There are 4,513 households in the county with an average household size of 2.36 persons. 32.35% of households in Chicot County are renters.

Income and Rent Overburden in Chicot County

The median gross income for households in Chicot County is $28,913 a year, or $2,409 a month. The median rent for the county is $575 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Chicot County, a household making less than $1,917 a month would be considered overburdened when renting an apartment at or above the median rent. 43.63% of households who rent are overburdened in Chicot County.

Area Median Income In Chicot 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 Chicot County, HUD calculates the Area Median Income for a family of four as $47,200

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 Chicot 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 Chicot 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 Chicot County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $34,950 $37,350 $39,750
50% AMI Income Limits
Renters earning up to 50% of the Chicot County AMI may qualify for rental assistance programs that target Very Low Income households.
$21,100 $24,100 $27,100 $30,100 $32,550 $34,950 $37,350 $39,750
80% AMI Income Limits
Renters earning up to 80% of the Chicot County AMI may qualify for rental assistance programs that target Low Income households.
$33,750 $38,550 $43,350 $48,150 $52,050 $55,900 $59,750 $63,600