. Low Income Apartments For Rent in Dierks, Arkansas - Affordable Housing Online

Timber Ridge Manor Lp

202 Timber Ridge Mnr
Dierks, Arkansas
Rent Assisted
S. 515 Rural

Timber Ridge Manor Apartments

106 Arkansas Ave
Dierks, Arkansas
Rent Assisted

Howard County

1015 Herman Ave
Dierks, Arkansas
Public Housing
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There are 16 low-income apartments in Dierks that offer reduced rents to eligible households.

Rental assistance programs support 181 low-income homes in Dierks where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on May 25th, 2021. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Dierks, 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
Housing Authority of the County of Howard Public Housing
Howard County Public Housing Agency (AAA) Section 8 Housing Choice Voucher (HCV)
Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Dierks.

Dierks, Arkansas Affordable Housing Data

Income Based Apartments in Dierks, Arkansas

Dierks features 181 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 Dierks, Arkansas

There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Dierks.

Housing Choice Vouchers in Dierks, Arkansas

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

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

2023 Dierks, 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
Dierks, Arkansas Fair Market Rent $489 $563 $720 $882 $967
Dierks, Arkansas Payment Standard Range $440 to $538 $507 to $619 $648 to $792 $794 to $970 $870 to $1,064

Sourced from federal housing data and AffordableHousingOnline.com research.

Dierks, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 197
Total Housing Units with Rental Assistance 181
Percentage of Housing Units Occupied By Renters 35.36%
Average Renter Household Size 2.70
Average Household Size 2.60
Median Household Income $32,083 ±$11,728
Median Rent $557 ±$42
Percentage Of Renters Overburdened 26.49% ± 19.49pp
Total Population 1,155

Population and Household Demographics

Dierks is a city in Howard County, Arkansas with a population of 1,155. There are 427 households in the city with an average household size of 2.60 persons. 35.36% of households in Dierks are renters.

Income and Rent Overburden in Dierks

The median gross income for households in Dierks is $32,083 a year, or $2,674 a month. The median rent for the city is $557 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Dierks, a household making less than $1,857 a month would be considered overburdened when renting an apartment at or above the median rent. 26.49% of households who rent are overburdened in Dierks.

Area Median Income In Dierks

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Dierks, the AMI is calculated from all households within Howard County.

In Dierks, HUD calculates the Area Median Income for a family of four as $61,300

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 Dierks

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 Dierks

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 Dierks AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,250 $36,800 $39,350 $41,850
50% AMI Income Limits
Renters earning up to 50% of the Dierks AMI may qualify for rental assistance programs that target Very Low Income households.
$22,200 $25,400 $28,550 $31,700 $34,250 $36,800 $39,350 $41,850
80% AMI Income Limits
Renters earning up to 80% of the Dierks AMI may qualify for rental assistance programs that target Low Income households.
$35,500 $40,600 $45,650 $50,700 $54,800 $58,850 $62,900 $66,950