Affordable Housing In Drew County
Arkansas

13 Low Income Apartment Communities In Drew County

The Vineyards at Monticello

125 Midway Route
Monticello, Arkansas
Call For Rent
1-3 BR

Cedar Hill Apartments

839 S Gabbert St
Monticello, Arkansas
Call For Rent
1-2 BR
Subsidized

Pilgrim Rest Apartments

1032 N Cooper St
Monticello, Arkansas
Subsidized

Pecan Grove Apartments

315 W Jackson Ave
Monticello, Arkansas
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Annswood Apartments

570 W Conrad Ave
Monticello, Arkansas
Subsidized
62+
Accessible
Elderly Supportive Housing

Turtle Creek Apartments

130 W Oakland Ave
Monticello, Arkansas
Subsidized

Ridgeway

206 E Gaines St
Monticello, Arkansas

Monticello Apartments

415 W Conrad Ave
Monticello, Arkansas
Subsidized

Monticello Estates

233 W College Ave
Monticello, Arkansas

Park Ridge Chapelridge of Monticello

141 Market St
Monticello, Arkansas

Section 8 Vouchers, Apartments, and Waiting Lists in Drew 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Drew County, Arkansas

Housing Authority Programs
Drew County Public Facilities Board Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Drew County, Arkansas

There are 13 low income housing apartment communities offering 587 affordable apartments for rent in Drew County, Arkansas.

Income Based Apartments in Drew County, Arkansas

Drew County features 387 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 Drew County, Arkansas

There are 200 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Drew County.

Housing Choice Vouchers in Drew County, Arkansas

On average, Section 8 Housing Choice vouchers pay Drew County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Drew County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Drew County, Arkansas for a two-bedroom apartment is between $600 and $734.

2022 Drew 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
Drew County, Arkansas Fair Market Rent $494 $507 $667 $847 $954
Drew County, Arkansas Payment Standard Range $445 to $543 $456 to $558 $600 to $734 $762 to $932 $859 to $1,049

Sourced from federal housing data and AffordableHousingOnline.com research.

Drew County, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 587
Total Housing Units with Rental Assistance 387
Percentage of Housing Units Occupied By Renters 39.25%
Average Renter Household Size 2.38
Average Household Size 2.43
Median Household Income $32,819 ±$2,479
Median Rent $597 ±$42
Percentage Of Renters Overburdened 51.58% ± 9.06pp
Total Population 18,740

Population and Household Demographics

Drew County is a county in Arkansas with a population of 18,740. There are 7,314 households in the county with an average household size of 2.43 persons. 39.25% of households in Drew County are renters.

Income and Rent Overburden in Drew County

The median gross income for households in Drew County is $32,819 a year, or $2,735 a month. The median rent for the county is $597 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Drew County, a household making less than $1,990 a month would be considered overburdened when renting an apartment at or above the median rent. 51.58% of households who rent are overburdened in Drew County.

Area Median Income In Drew 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 Drew County, HUD calculates the Area Median Income for a family of four as $63,200

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 Drew 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 Drew 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 Drew County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $30,550 $32,800 $35,050 $37,300
50% AMI Income Limits
Renters earning up to 50% of the Drew County AMI may qualify for rental assistance programs that target Very Low Income households.
$19,800 $22,600 $25,450 $28,250 $30,550 $32,800 $35,050 $37,300
80% AMI Income Limits
Renters earning up to 80% of the Drew County AMI may qualify for rental assistance programs that target Low Income households.
$31,650 $36,200 $40,700 $45,200 $48,850 $52,450 $56,050 $59,700

Cities In Drew County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Jerome The HUD funded Public Housing Agency that serves Jerome is the Drew County Public Facilities Board.
Monticello The HUD funded Public Housing Agency that serves Monticello is the Drew County Public Facilities Board.
Wilmar The HUD funded Public Housing Agency that serves Wilmar is the Drew County Public Facilities Board.
Winchester The HUD funded Public Housing Agency that serves Winchester is the Drew County Public Facilities Board.