How many renters live in Chidester, Arkansas?
The City of Chidester has 397 people living in 132 households.
There are 141 renters living in 33 renter households in this City. Renters make up 35.52 percent of the population living in Chidester.
What is the rental market like in Chidester, Arkansas?
There are an estimated 183 housing units in the Chidester area. Of these, 33 units are rental homes, making up 18 percent of the housing market. For every renter household in Chidester, Arkansas, there are 1 rental units.
What is the vacancy rate for rentals in Chidester?
The rental vacancy rate in Chidester is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Chidester for each bedroom size?
Occupied Rental Units by Size in Chidester
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 2 | 13 | 1 | 17 | 0 |
Occupied Rental Units by Size in Chidester
A large number of apartments in Chidester have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Chidester are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 39 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Chidester
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $696 to $1,113. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $696 |
| One BR | $700 |
| Two BR | $814 |
| Three BR | $1,109 |
| Four BR | $1,113 |
2024 Fair Market Rents in Chidester, Arkansas
How many units are rented at Fair Market Rent (FMR) in Chidester?
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 |
| Studio | 2 | 100 percent |
| One BR | 13 | 100 percent |
| Two BR | 1 | 100 percent |
Rental Units Below FMR in Chidester, Arkansas
How many affordable rental units are in Chidester?
Income Based Apartments in Chidester, Arkansas
Chidester 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 Chidester, Arkansas
There are 9 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chidester.
Housing Choice Vouchers in Chidester, Arkansas
On average, Section 8 Housing Choice vouchers pay Chidester landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Chidester.
The maximum amount a voucher would pay on behalf of a low-income tenant in Chidester, Arkansas for a two-bedroom apartment is between $733 and $895.
Sourced from federal housing data and AffordableHousingOnline.com research.
