. Low Income Apartments For Rent in Fordyce, Arkansas - Affordable Housing Online

Leisure Oaks

109 Leisure Dr
Fordyce, Arkansas

Higher Heights Apartments

1203 Barner St
Fordyce, Arkansas
Rent Assisted

On Our Own V

909 W 1st St
Fordyce, Arkansas
S. 811 Supportive

Heritage Manor of Fordyce

507 N Edgar St
Fordyce, Arkansas
S. 202

Pine Cove Apt

408 North Russell St
Fordyce, Arkansas
Rent Assisted
S. 515 Rural
Showing Results 1-15
  • «
  • 1
  • »

There are 24 low-income apartments in Fordyce that offer reduced rents to eligible households.

Rental assistance programs support 120 low-income homes in Fordyce where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $289 towards rent each month.

Affordable rent data for some communities last confirmed on April 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Fordyce, Arkansas

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Dallas County Public Housing Agency (AAA) Section 8 Housing Choice Voucher (HCV)
Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Fordyce.

Fordyce, Arkansas Affordable Housing Data

Income Based Apartments in Fordyce, Arkansas

Fordyce features 120 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 Fordyce, Arkansas

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fordyce.

Housing Choice Vouchers in Fordyce, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Fordyce, Arkansas for a two-bedroom apartment is between $648 and $792.

2023 Fordyce, 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
Fordyce, Arkansas Fair Market Rent $539 $547 $720 $1,023 $1,024
Fordyce, Arkansas Payment Standard Range $485 to $593 $492 to $602 $648 to $792 $921 to $1,125 $922 to $1,126

Sourced from federal housing data and AffordableHousingOnline.com research.

Fordyce, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 144
Total Housing Units with Rental Assistance 120
Percentage of Housing Units Occupied By Renters 45.54%
Average Renter Household Size 2.15
Average Household Size 2.13
Median Household Income $31,074 ±$4,036
Median Rent $496 ±$76
Percentage Of Renters Overburdened 25.06% ± 9.93pp
Total Population 4,174

Population and Household Demographics

Fordyce is a city in Dallas County, Arkansas with a population of 4,174. There are 1,726 households in the city with an average household size of 2.13 persons. 45.54% of households in Fordyce are renters.

Income and Rent Overburden in Fordyce

The median gross income for households in Fordyce is $31,074 a year, or $2,590 a month. The median rent for the city is $496 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fordyce, a household making less than $1,653 a month would be considered overburdened when renting an apartment at or above the median rent. 25.06% of households who rent are overburdened in Fordyce.

Area Median Income In Fordyce

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 Fordyce, the AMI is calculated from all households within Dallas County.

In Fordyce, HUD calculates the Area Median Income for a family of four as $75,000

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 Fordyce

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 Fordyce

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 Fordyce AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,400 $36,950 $39,500 $42,050
50% AMI Income Limits
Renters earning up to 50% of the Fordyce AMI may qualify for rental assistance programs that target Very Low Income households.
$22,300 $25,500 $28,700 $31,850 $34,400 $36,950 $39,500 $42,050
80% AMI Income Limits
Renters earning up to 80% of the Fordyce AMI may qualify for rental assistance programs that target Low Income households.
$35,700 $40,800 $45,900 $50,950 $55,050 $59,150 $63,200 $67,300