Low Income Apartments and Affordable Housing For Rent in Green Forest, AR

Discover affordable housing in Green Forest where there are 4+ 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.

East View Apartments

109 E View Ct, Green Forest, Arkansas 72638

Gardengate Apartments

107 W 3rd St, Green Forest, Arkansas 72638

Forest Court Apartments

208 N Springfield Ave, Green Forest, Arkansas 72638

Oak Hills Senior Housing

206 Cherry St, Green Forest, Arkansas 72638

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Green Forest, Arkansas
$15.80/hour
$4.80 (+44%) more than Arkansas minimum wage and $8.55 (+118%) more than the Federal minimum wage.
Learn More About Green Forest, Arkansas Affordable Housing ↓

How many renters live in Green Forest, Arkansas?

The City of Green Forest has 3,033 people living in 936 households.

There are 976 renters living in 426 renter households in this City. Renters make up 32.18 percent of the population living in Green Forest.

What is the rental market like in Green Forest, Arkansas?

There are an estimated 1,111 housing units in the Green Forest area. Of these, 426 units are rental homes, making up 38 percent of the housing market. For every renter household in Green Forest, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Green Forest?

The rental vacancy rate in Green Forest is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Green Forest for each bedroom size?

Occupied Rental Units by Size in Green Forest
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
68 66 119 152 21
Occupied Rental Units by Size in Green Forest

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

Among renter households in this market, 25 percent have housing cost burden. Further, 3 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 Green Forest

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $565 to $1,111. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $565
One BR $657
Two BR $834
Three BR $1,008
Four BR $1,111
2024 Fair Market Rents in Green Forest, Arkansas

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

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 31 46 percent
One BR 59 89 percent
Two BR 73 61 percent
Rental Units Below FMR in Green Forest, Arkansas

How many affordable rental units are in Green Forest?

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

Federal Program Unit Count
Low Income Housing Tax Credit 40
Section 202 Supportive Housing for the Elderly 12
USDA Section 515 Rural Rental Housing 51
Tracked Units by Federal Program in Green Forest, Arkansas

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

Income Based Apartments in Green Forest, Arkansas

Green Forest features 67 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 Green Forest, Arkansas

There are 10 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Green Forest.

Housing Choice Vouchers in Green Forest, Arkansas

On average, Section 8 Housing Choice vouchers pay Green Forest landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Green Forest.

The maximum amount a voucher would pay on behalf of a low-income tenant in Green Forest, Arkansas for a two-bedroom apartment is between $751 and $917.

Sourced from federal housing data and AffordableHousingOnline.com research.