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

Discover affordable housing in Gould 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.

Wilson Allen Manor

Oklahoma And Madison, Gould, Arkansas 71643

Southoak Apartments

Hwy 65 S, Gould, Arkansas 71643

Gould

401 S Main St, Gould, Arkansas 71643

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Gould, Arkansas
$17.16/hour
$6.16 (+56%) more than Arkansas minimum wage and $9.91 (+137%) more than the Federal minimum wage.
Learn More About Gould, Arkansas Affordable Housing ↓

What HUD offices serve 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Gould, Arkansas.
Operates the Public Housing programs for Gould, Arkansas.

Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Gould.

How many renters live in Gould, Arkansas?

The City of Gould has 453 people living in 251 households.

There are 118 renters living in 78 renter households in this City. Renters make up 26.05 percent of the population living in Gould.

What is the rental market like in Gould, Arkansas?

There are an estimated 349 housing units in the Gould area. Of these, 92 units are rental homes, making up 26 percent of the housing market. For every renter household in Gould, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Gould?

The rental vacancy rate in Gould is 15 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 Gould for each bedroom size?

Occupied Rental Units by Size in Gould
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
14 10 16 38 0
Occupied Rental Units by Size in Gould

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

Among renter households in this market, 71 percent have housing cost burden. Further, 33 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 Gould

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $635 to $1,207. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $635
One BR $690
Two BR $906
Three BR $1,151
Four BR $1,207
2024 Fair Market Rents in Gould, Arkansas

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

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 14 100 percent
One BR 10 100 percent
Two BR 16 100 percent
Rental Units Below FMR in Gould, Arkansas

How many affordable rental units are in Gould?

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

Federal Program Unit Count
Public Housing 20
USDA Section 515 Rural Rental Housing 41
Tracked Units by Federal Program in Gould, Arkansas

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

Income Based Apartments in Gould, Arkansas

Gould features 61 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 $815 and $997.

Sourced from federal housing data and AffordableHousingOnline.com research.