Low Income Apartments and Affordable Housing For Rent in Hempstead County, AR

Discover affordable housing in Hempstead County where there are 10+ 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.

Kelly Memorial Homes

6th and Laurel, Hope, Arkansas 71801

Hope Pleasant Ridge Apartments

1305 E 3rd St, Hope, Arkansas 71801

Southwest Arkansas Development

402 N Main St, Hope, Arkansas 71801

Southwest Arkansas Developmental Homes of Hope

602 W 23rd St, Hope, Arkansas 71801

Emerald Village Of Hope

2406 Rocky Mound Rd, Hope, Arkansas 71801

Fulton Square Apartments

801 Mack St, Hope, Arkansas 71801

Peaks at Hope

2206 Bill Clinton Dr, Hope, Arkansas 71801

Hope Square Apartments

904 Grady Street South, Hope, Arkansas

Southview Apartments

1307 East Third, Hope, Arkansas

Vander Lloyd Memorial Homes

712 Texas St, Hope, Arkansas 71801

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hempstead County, Arkansas
$16.42/hour
$5.42 (+49%) more than Arkansas minimum wage and $9.17 (+126%) more than the Federal minimum wage.
Learn More About Hempstead County, Arkansas Affordable Housing ↓

How many renters live in Hempstead County, Arkansas?

The County of Hempstead County has 20,037 people living in 7,355 households.

There are 6,122 renters living in 2,378 renter households in this County. Renters make up 30.55 percent of the population living in Hempstead County.

What is the rental market like in Hempstead County, Arkansas?

There are an estimated 9,663 housing units in the Hempstead County area. Of these, 2,787 units are rental homes, making up 29 percent of the housing market. For every renter household in Hempstead County, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Hempstead County?

The rental vacancy rate in Hempstead County is 13 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Hempstead County for each bedroom size?

Occupied Rental Units by Size in Hempstead County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
155 140 737 1,250 96
Occupied Rental Units by Size in Hempstead County

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

Among renter households in this market, 38 percent have housing cost burden. Further, 22 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 Hempstead County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $643 to $1,406. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $643
One BR $660
Two BR $867
Three BR $1,149
Four BR $1,406
2024 Fair Market Rents in Hempstead County, Arkansas

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

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 112 72 percent
One BR 87 62 percent
Two BR 551 75 percent
Rental Units Below FMR in Hempstead County, Arkansas

How many affordable rental units are in Hempstead County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 167
Public Housing 190
Section 8 Project-Based Rental Assistance 103
USDA Section 515 Rural Rental Housing 183
Tracked Units by Federal Program in Hempstead County, Arkansas

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

Income Based Apartments in Hempstead County, Arkansas

Hempstead County features 468 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 Hempstead County, Arkansas

There are 96 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hempstead County.

Housing Choice Vouchers in Hempstead County, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Hempstead County, Arkansas for a two-bedroom apartment is between $780 and $954.

Sourced from federal housing data and AffordableHousingOnline.com research.