Low Income Apartments and Affordable Housing For Rent in De Valls Bluff, AR

Discover affordable housing in De Valls Bluff where there are 2+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Edge Oaks Apartments

333 S Bridges St, De Valls Bluff, Arkansas 72041

Edge Oaks Apartments

200 S Bridges St, De Valls Bluff, Arkansas 72041

Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In De Valls Bluff, Arkansas
$16.12/hour
$5.12 (+47%) more than Arkansas minimum wage and $8.87 (+122%) more than the Federal minimum wage.
Learn More About De Valls Bluff, Arkansas Affordable Housing ↓

What HUD offices serve De Valls Bluff, 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for De Valls Bluff, Arkansas.

Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near De Valls Bluff.

How many renters live in De Valls Bluff, Arkansas?

The City of De Valls Bluff has 560 people living in 286 households.

There are 203 renters living in 88 renter households in this City. Renters make up 36.25 percent of the population living in De Valls Bluff.

What is the rental market like in De Valls Bluff, Arkansas?

There are an estimated 348 housing units in the De Valls Bluff area. Of these, 88 units are rental homes, making up 25 percent of the housing market. For every renter household in De Valls Bluff, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in De Valls Bluff?

The rental vacancy rate in De Valls Bluff 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 De Valls Bluff for each bedroom size?

Occupied Rental Units by Size in De Valls Bluff
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
13 28 42 5 0
Occupied Rental Units by Size in De Valls Bluff

A large number of apartments in De Valls Bluff 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 De Valls Bluff are overburdened by housing costs?

Among renter households in this market, 48 percent have housing cost burden. Further, 9 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 De Valls Bluff

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $631 to $1,200. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $631
One BR $648
Two BR $851
Three BR $1,029
Four BR $1,200
2024 Fair Market Rents in De Valls Bluff, Arkansas

How many units are rented at Fair Market Rent (FMR) in De Valls Bluff?

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 13 100 percent
One BR 19 68 percent
Two BR 22 52 percent
Rental Units Below FMR in De Valls Bluff, Arkansas

How many affordable rental units are in De Valls Bluff?

There are a variety of federal affordable housing programs serving households in De Valls Bluff, Arkansas including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 24
Section 8 Project-Based Rental Assistance 29
USDA Section 515 Rural Rental Housing 49
Tracked Units by Federal Program in De Valls Bluff, Arkansas

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in De Valls Bluff, Arkansas

De Valls Bluff features 25 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 De Valls Bluff, Arkansas

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in De Valls Bluff.

Housing Choice Vouchers in De Valls Bluff, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in De Valls Bluff, Arkansas for a two-bedroom apartment is between $766 and $936.

Sourced from federal housing data and AffordableHousingOnline.com research.