Affordable Housing In Flippin
Marion County, Arkansas

3 Low Income Apartment Communities In Flippin

Fallen Ash Senior Complex

281 W Industrial Park Rd
Flippin, AR
Subsidized
62+
Accessible
Elderly Supportive Housing

Hillwood Apartments

502 S 8th St
Flippin, AR
Accepts Vouchers

Hillside Apartments

401 N 8th St
Flippin, AR
Subsidized
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Guide To Affordable Housing in Flippin, Arkansas

There are 3 low income housing apartment communities offering 100 affordable apartments for rent in Flippin, Arkansas. Flippin features 68 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 32 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Flippin.

Sourced from federal housing data and AffordableHousingOnline.com research.

Flippin, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 100
Total Housing Units with Rental Assistance 68
Percentage of Housing Units Occupied By Renters 46.67%
Average Renter Household Size 2.41
Average Household Size 2.47
Median Household Income $25,033 ±$4,145
Median Rent $491 ±$75
Percentage Of Renters Overburdened 43.9% ± 13.9pp
Total Population 1,516

Population and Household Demographics

Flippin is a City in Marion County, Arkansas with a population of 1,516. There are 615 households in the city with an average household size of 2.47 persons. 46.67% of households in Flippin are renters.

Income and Rent Overburden in Flippin

The median gross income for households in Flippin is $25,033 a year, or $2,086 a month. The median rent for the city is $491 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Flippin, a household making less than $1,637 a month would be considered overburdened when renting an apartment at or above the median rent. 43.9% of households who rent are overburdened in Flippin.1

Area Median Income In Flippin

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 Flippin, the AMI is calculated from all households within Marion County.

In Flippin, HUD calculates the Area Median Income for a family of four as $44,900

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 Flippin

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 Flippin HUD Rental Assistance in Flippin

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $28,150 $30,250 $32,350 $34,400
50% of Median $18,250 $20,850 $23,450 $26,050 $28,150 $30,250 $32,350 $34,400
80% of Median $29,200 $33,400 $37,550 $41,700 $45,050 $48,400 $51,750 $55,050
Fair Market Rents in Flippin

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$422 $503 $630 $785 $1,074