What HUD offices serve Forrest City, 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.
Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Forrest City.
How many renters live in Forrest City, Arkansas?
The City of Forrest City has people living in households.
There are renters living in renter households in this City. Renters make up 50.1 percent of the population living in Forrest City.
What is the rental market like in Forrest City, Arkansas?
There are an estimated housing units in the Forrest City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Forrest City, Arkansas, there are 1.08 rental units.
What is the vacancy rate for rentals in Forrest City?
The rental vacancy rate in Forrest City is 7 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 Forrest City for each bedroom size?
Occupied Rental Units by Size in Forrest City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 39 | 374 | 1,092 | 836 | 200 |
Occupied Rental Units by Size in Forrest City
A large number of apartments in Forrest City have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Forrest City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $618 to $1,166. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $618 |
| One BR | $660 |
| Two BR | $833 |
| Three BR | $1,161 |
| Four BR | $1,166 |
2024 Fair Market Rents in Forrest City, Arkansas
How many units are rented at Fair Market Rent (FMR) in Forrest City?
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 | 39 | 100 percent |
| One BR | 287 | 77 percent |
| Two BR | 673 | 62 percent |
Rental Units Below FMR in Forrest City, Arkansas
How many affordable rental units are in Forrest City?
There are a variety of federal affordable housing programs serving households in Forrest City, Arkansas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| Section 811 Supportive Housing for Persons with Disabilities | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Forrest City, Arkansas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Forrest City, Arkansas
Forrest City features 633 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 Forrest City, Arkansas
There are 343 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Forrest City.
Housing Choice Vouchers in Forrest City, Arkansas
On average, Section 8 Housing Choice vouchers pay Forrest City landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Forrest City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Forrest City, Arkansas for a two-bedroom apartment is between $750 and $916.
Sourced from federal housing data and AffordableHousingOnline.com research.