Affordable Housing In Elkins
Washington County, Arkansas

1 Low Income Apartment Communities In Elkins

White River Senior Complex

349 Bunch Ln
Elkins, Arkansas
Subsidized
62+
Accessible
Elderly Supportive Housing
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Guide To Affordable Housing in Elkins, Arkansas

There are 1 low income housing apartment communities offering 20 affordable apartments for rent in Elkins, Arkansas.

Income Based Apartments in Elkins, Arkansas

Elkins features 20 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 Elkins, Arkansas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elkins.

Housing Choice Vouchers in Elkins, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Elkins, Arkansas for a two-bedroom apartment is between $779 and $952.

2022 Elkins, 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
Elkins, Arkansas Fair Market Rent $658 $695 $865 $1,229 $1,481
Elkins, Arkansas Payment Standard Range $592 to $724 $626 to $765 $779 to $952 $1,106 to $1,352 $1,333 to $1,629

Sourced from federal housing data and AffordableHousingOnline.com research.

Elkins, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 20
Total Housing Units with Rental Assistance 20
Percentage of Housing Units Occupied By Renters 26.97%
Average Renter Household Size 3.00
Average Household Size 2.82
Median Household Income $48,125 ±$11,064
Median Rent $833 ±$49
Percentage Of Renters Overburdened 46.13% ± 16.22pp
Total Population 2,832

Population and Household Demographics

Elkins is a city in Washington County, Arkansas with a population of 2,832. There are 1,005 households in the city with an average household size of 2.82 persons. 26.97% of households in Elkins are renters.

Income and Rent Overburden in Elkins

The median gross income for households in Elkins is $48,125 a year, or $4,010 a month. The median rent for the city is $833 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Elkins, a household making less than $2,777 a month would be considered overburdened when renting an apartment at or above the median rent. 46.13% of households who rent are overburdened in Elkins.

Area Median Income In Elkins

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 Elkins, the AMI is calculated from all households within Washington County.

In Elkins, HUD calculates the Area Median Income for a family of four as $74,900

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 Elkins

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 Elkins

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 Elkins AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,750 $18,000 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Elkins AMI may qualify for rental assistance programs that target Very Low Income households.
$26,250 $30,000 $33,750 $37,450 $40,450 $43,450 $46,450 $49,450
80% AMI Income Limits
Renters earning up to 80% of the Elkins AMI may qualify for rental assistance programs that target Low Income households.
$41,950 $47,950 $53,950 $59,900 $64,700 $69,500 $74,300 $79,100