Affordable Housing In Faulkner County
Arkansas

29 Low Income Apartment Communities In Faulkner County

Park Ridge at Conway

1960 Rich Smith Ln
Conway, Arkansas
Call For Rent
2-3 BR

Woodland Oaks Apartments

1620 Middle Road
Conway, Arkansas
$750-950
2-3 BR

Cottages at Conway

1915 RichSmith Lane
Conway, Arkansas
Call For Rent
1-2 BR
62+

Old Conway Village

1440 Sutton St
Conway, Arkansas
Call For Rent
3 BR

Stone Ridge at Conway

1985 Rich Smith Ln
Conway, Arkansas
$510-775
1-3 BR

Florentz Estates

1125 Addybrook Lane
Conway, Arkansas
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Autumn Manor

315 Hubbard Rd
Conway, Arkansas
Subsidized
62+
Accessible
Elderly Supportive Housing

Conway Housing Associates

704 4th Ave
Conway, Arkansas
Subsidized
62+
Accessible
Elderly Supportive Housing

Brierwood Apartments

4 Douglas St
Greenbrier, Arkansas
Subsidized

Oakwood Place Apartments

1701 Hairston
Conway, Arkansas

Guide To Affordable Housing in Faulkner County, Arkansas

There are 29 low income housing apartment communities offering 1,620 affordable apartments for rent in Faulkner County, Arkansas.

Income Based Apartments in Faulkner County, Arkansas

Faulkner County features 293 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 Faulkner County, Arkansas

There are 1,327 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Faulkner County.

Housing Choice Vouchers in Faulkner County, Arkansas

On average, Section 8 Housing Choice vouchers pay Faulkner County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Faulkner County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Faulkner County, Arkansas for a two-bedroom apartment is between $750 and $916.

2022 Faulkner 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
Faulkner County, Arkansas Fair Market Rent $706 $728 $833 $1,118 $1,330
Faulkner County, Arkansas Payment Standard Range $635 to $777 $655 to $801 $750 to $916 $1,006 to $1,230 $1,197 to $1,463

Sourced from federal housing data and AffordableHousingOnline.com research.

Faulkner County, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 29
Total Low Income Apartments 1,620
Total Housing Units with Rental Assistance 293
Percentage of Housing Units Occupied By Renters 36.83%
Average Renter Household Size 2.44
Average Household Size 2.65
Median Household Income $51,223 ±$1,885
Median Rent $731 ±$20
Percentage Of Renters Overburdened 45.63% ± 3.14pp
Total Population 119,343

Population and Household Demographics

Faulkner County is a county in Arkansas with a population of 119,343. There are 43,204 households in the county with an average household size of 2.65 persons. 36.83% of households in Faulkner County are renters.

Income and Rent Overburden in Faulkner County

The median gross income for households in Faulkner County is $51,223 a year, or $4,269 a month. The median rent for the county is $731 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Faulkner County, a household making less than $2,437 a month would be considered overburdened when renting an apartment at or above the median rent. 45.63% of households who rent are overburdened in Faulkner County.

Area Median Income In Faulkner 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 Faulkner County, HUD calculates the Area Median Income for a family of four as $71,500

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 Faulkner 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 Faulkner 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 Faulkner County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,050 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Faulkner County AMI may qualify for rental assistance programs that target Very Low Income households.
$25,050 $28,600 $32,200 $35,750 $38,650 $41,500 $44,350 $47,200
80% AMI Income Limits
Renters earning up to 80% of the Faulkner County AMI may qualify for rental assistance programs that target Low Income households.
$40,050 $45,800 $51,500 $57,200 $61,800 $66,400 $70,950 $75,550

Cities In Faulkner County

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

City Served By
Conway The HUD funded Public Housing Agency that serves Conway is the Conway Housing Authority.
Damascus
Enola
Greenbrier
Guy
Holland
Mayflower
Mount Vernon
Twin Groves
Vilonia
Wooster