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

Hermitage Apt

600 Walnut Street
Hermitage, Arkansas
Rent Assisted
S. 515 Rural
Showing Results 1-15
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There are 0 low-income apartments in Hermitage that offer reduced rents to eligible households.

Rental assistance programs support 127 low-income homes in Hermitage where households pay rent based on how much they earn.

Affordable rent data for some communities last confirmed on April 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.

Hermitage, Arkansas Affordable Housing Data

Income Based Apartments in Hermitage, Arkansas

Hermitage features 127 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 Hermitage, Arkansas

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

Housing Choice Vouchers in Hermitage, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Hermitage, Arkansas for a two-bedroom apartment is between $648 and $792.

2023 Hermitage, 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
Hermitage, Arkansas Fair Market Rent $539 $568 $720 $1,005 $1,226
Hermitage, Arkansas Payment Standard Range $485 to $593 $511 to $625 $648 to $792 $905 to $1,106 $1,103 to $1,349

Sourced from federal housing data and AffordableHousingOnline.com research.

Hermitage, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 127
Total Housing Units with Rental Assistance 127
Percentage of Housing Units Occupied By Renters 67.94%
Average Renter Household Size 2.89
Average Household Size 2.64
Median Household Income $16,250 ±$9,700
Median Rent $418 ±$199
Percentage Of Renters Overburdened 35.38% ± 16.99pp
Total Population 758

Population and Household Demographics

Hermitage is a city in Bradley County, Arkansas with a population of 758. There are 287 households in the city with an average household size of 2.64 persons. 67.94% of households in Hermitage are renters.

Income and Rent Overburden in Hermitage

The median gross income for households in Hermitage is $16,250 a year, or $1,354 a month. The median rent for the city is $418 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hermitage, a household making less than $1,393 a month would be considered overburdened when renting an apartment at or above the median rent. 35.38% of households who rent are overburdened in Hermitage.

Area Median Income In Hermitage

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 Hermitage, the AMI is calculated from all households within Bradley County.

In Hermitage, HUD calculates the Area Median Income for a family of four as $59,700

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 Hermitage

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 Hermitage

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 Hermitage AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,250 $36,800 $39,350 $41,850
50% AMI Income Limits
Renters earning up to 50% of the Hermitage AMI may qualify for rental assistance programs that target Very Low Income households.
$22,200 $25,400 $28,550 $31,700 $34,250 $36,800 $39,350 $41,850
80% AMI Income Limits
Renters earning up to 80% of the Hermitage AMI may qualify for rental assistance programs that target Low Income households.
$35,500 $40,600 $45,650 $50,700 $54,800 $58,850 $62,900 $66,950