Low Income Apartments and Affordable Housing For Rent in Diaz, AR

Discover affordable housing in Diaz 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.

John L Conner, Jr

883 Barr Road, Diaz, Arkansas

Arkansas

Carr Cir, Diaz, Arkansas 72043

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Diaz, Arkansas
$15.42/hour
$4.42 (+40%) more than Arkansas minimum wage and $8.17 (+113%) more than the Federal minimum wage.
Learn More About Diaz, Arkansas Affordable Housing ↓

What HUD offices serve Diaz, 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), Public Housing programs for Diaz, Arkansas.

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

How many renters live in Diaz, Arkansas?

The City of Diaz has 1,103 people living in 458 households.

There are 383 renters living in 177 renter households in this City. Renters make up 34.72 percent of the population living in Diaz.

What is the rental market like in Diaz, Arkansas?

There are an estimated 511 housing units in the Diaz area. Of these, 177 units are rental homes, making up 35 percent of the housing market. For every renter household in Diaz, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Diaz?

The rental vacancy rate in Diaz 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 Diaz for each bedroom size?

Occupied Rental Units by Size in Diaz
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 22 58 86 11
Occupied Rental Units by Size in Diaz

A large number of apartments in Diaz 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 Diaz are overburdened by housing costs?

Among renter households in this market, 50 percent have housing cost burden. Further, 31 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 Diaz

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,148. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $620
Two BR $814
Three BR $984
Four BR $1,148
2024 Fair Market Rents in Diaz, Arkansas

How many units are rented at Fair Market Rent (FMR) in Diaz?

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 8 36 percent
Two BR 45 78 percent
Rental Units Below FMR in Diaz, Arkansas

How many affordable rental units are in Diaz?

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

Federal Program Unit Count
Low Income Housing Tax Credit 64
Section 8 Project-Based Rental Assistance 64
Tracked Units by Federal Program in Diaz, Arkansas

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

Income Based Apartments in Diaz, Arkansas

Diaz 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 Diaz, Arkansas

There are 6 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Diaz.

Housing Choice Vouchers in Diaz, Arkansas

On average, Section 8 Housing Choice vouchers pay Diaz landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Diaz.

The maximum amount a voucher would pay on behalf of a low-income tenant in Diaz, Arkansas for a two-bedroom apartment is between $733 and $895.

Sourced from federal housing data and AffordableHousingOnline.com research.