Low Income Apartments and Affordable Housing For Rent in Flippin, AR

Discover affordable housing in Flippin where there are 3+ 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.

Hillwood Apartments

502 S 8th St, Flippin, Arkansas 72634

Hillside Apartments

401 N 8th St, Flippin, Arkansas 72634

Fallen Ash Senior Complex

281 W Industrial Park Rd, Flippin, Arkansas 72634

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Flippin, Arkansas
$16.14/hour
$5.14 (+47%) more than Arkansas minimum wage and $8.89 (+123%) more than the Federal minimum wage.
Learn More About Flippin, Arkansas Affordable Housing ↓

How many renters live in Flippin, Arkansas?

The City of Flippin has 1,366 people living in 539 households.

There are 772 renters living in 289 renter households in this City. Renters make up 56.52 percent of the population living in Flippin.

What is the rental market like in Flippin, Arkansas?

There are an estimated 656 housing units in the Flippin area. Of these, 301 units are rental homes, making up 46 percent of the housing market. For every renter household in Flippin, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Flippin?

The rental vacancy rate in Flippin is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Flippin for each bedroom size?

Occupied Rental Units by Size in Flippin
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 55 174 52 0
Occupied Rental Units by Size in Flippin

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

Among renter households in this market, 31 percent have housing cost burden. Further, 11 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 Flippin

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,213. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $630
One BR $648
Two BR $852
Three BR $1,030
Four BR $1,213
2024 Fair Market Rents in Flippin, Arkansas

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

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 3 38 percent
One BR 42 76 percent
Two BR 103 59 percent
Rental Units Below FMR in Flippin, Arkansas

How many affordable rental units are in Flippin?

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

Federal Program Unit Count
Low Income Housing Tax Credit 80
Section 8 Project-Based Rental Assistance 48
Section 202 Supportive Housing for the Elderly 20
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Flippin, Arkansas

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

Income Based Apartments in Flippin, Arkansas

Flippin features 57 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 Flippin, Arkansas

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

Housing Choice Vouchers in Flippin, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Flippin, Arkansas for a two-bedroom apartment is between $767 and $937.

Sourced from federal housing data and AffordableHousingOnline.com research.