Affordable Housing In Hempstead County
10 Low Income Apartment Communities In Hempstead County
Guide To Affordable Housing in Hempstead County, Arkansas
There are 10 low income housing apartment communities offering 687 affordable apartments for rent in Hempstead County, Arkansas.
Income Based Apartments in Hempstead County, Arkansas
Hempstead County features 559 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 Hempstead County, Arkansas
There are 128 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hempstead County.
Housing Choice Vouchers in Hempstead County, Arkansas
On average, Section 8 Housing Choice vouchers pay Hempstead County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Hempstead County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hempstead County, Arkansas for a two-bedroom apartment is between $627 and $767.
2022 Hempstead County, 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|
|Hempstead County, Arkansas Fair Market Rent||$516||$530||$697||$867||$1,131|
|Hempstead County, Arkansas Payment Standard Range||$464 to $568||$477 to $583||$627 to $767||$780 to $954||$1,018 to $1,244|
Sourced from federal housing data and AffordableHousingOnline.com research.
Hempstead County, AR Affordable Housing Snapshot
|Total Affordable Apartment Properties||10|
|Total Low Income Apartments||687|
|Total Housing Units with Rental Assistance||559|
|Percentage of Housing Units Occupied By Renters||32.25%|
|Average Renter Household Size||2.71|
|Average Household Size||2.81|
|Median Household Income||$32,122 ±$2,918|
|Median Rent||$571 ±$21|
|Percentage Of Renters Overburdened||54.74% ± 8.83pp|
Population and Household Demographics
Hempstead County is a county in Arkansas with a population of 22,336. There are 7,823 households in the county with an average household size of 2.81 persons. 32.25% of households in Hempstead County are renters.
Income and Rent Overburden in Hempstead County
The median gross income for households in Hempstead County is $32,122 a year, or $2,677 a month. The median rent for the county is $571 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hempstead County, a household making less than $1,903 a month would be considered overburdened when renting an apartment at or above the median rent. 54.74% of households who rent are overburdened in Hempstead County.
Area Median Income In Hempstead County
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.
In Hempstead County, HUD calculates the Area Median Income for a family of four as $53,300
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 Hempstead County
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 Hempstead County
|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 Hempstead County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Hempstead County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Hempstead County AMI may qualify for rental assistance programs that target Low Income households.