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

Apply to Gould Apartment Waiting Lists

Wilson Allen Manor

Oklahoma And Madison
Gould, Arkansas
Rent Assisted
S. 515 Rural

Southoak Apartments

Hwy 65 S
Gould, Arkansas
Rent Assisted
S. 515 Rural


401 S Main St
Gould, Arkansas
Public Housing
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There are 0 low-income apartments in Gould that offer reduced rents to eligible households.

Rental assistance programs support 85 low-income homes in Gould where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Gould, 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
Housing Authority of the City of Gould Public Housing
Star City Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Gould.

Gould, Arkansas Affordable Housing Data

Income Based Apartments in Gould, Arkansas

Gould features 85 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 Gould, Arkansas

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

Housing Choice Vouchers in Gould, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Gould, Arkansas for a two-bedroom apartment is between $734 and $897.

2023 Gould, 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
Gould, Arkansas Fair Market Rent $580 $619 $815 $1,026 $1,095
Gould, Arkansas Payment Standard Range $522 to $638 $557 to $681 $734 to $897 $923 to $1,129 $986 to $1,205

Sourced from federal housing data and AffordableHousingOnline.com research.

Gould, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 85
Total Housing Units with Rental Assistance 85
Percentage of Housing Units Occupied By Renters 48.34%
Average Renter Household Size 2.21
Average Household Size 2.31
Median Household Income $16,458 ±$5,516
Median Rent $408 ±$70
Percentage Of Renters Overburdened 50% ± 17.79pp
Total Population 764

Population and Household Demographics

Gould is a city in Lincoln County, Arkansas with a population of 764. There are 331 households in the city with an average household size of 2.31 persons. 48.34% of households in Gould are renters.

Income and Rent Overburden in Gould

The median gross income for households in Gould is $16,458 a year, or $1,372 a month. The median rent for the city is $408 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gould, a household making less than $1,360 a month would be considered overburdened when renting an apartment at or above the median rent. 50% of households who rent are overburdened in Gould.

Area Median Income In Gould

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 Gould, the AMI is calculated from all households within Lincoln County.

In Gould, HUD calculates the Area Median Income for a family of four as $73,100

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 Gould

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 Gould

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 Gould 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 Gould 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 Gould 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