How many renters live in Holly Grove, Arkansas?
The City of Holly Grove has people living in households.
There are renters living in renter households in this City. Renters make up 58.23 percent of the population living in Holly Grove.
What is the rental market like in Holly Grove, Arkansas?
There are an estimated housing units in the Holly Grove area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Holly Grove, Arkansas, there are 1 rental units.
What is the vacancy rate for rentals in Holly Grove?
The rental vacancy rate in Holly Grove 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 Holly Grove for each bedroom size?
Occupied Rental Units by Size in Holly Grove
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 9 | 89 | 38 | 0 |
Occupied Rental Units by Size in Holly Grove
A large number of apartments in Holly Grove have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Holly Grove
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $552 to $1,148. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $552 |
| One BR | $620 |
| Two BR | $814 |
| Three BR | $1,011 |
| Four BR | $1,148 |
2024 Fair Market Rents in Holly Grove, Arkansas
How many units are rented at Fair Market Rent (FMR) in Holly Grove?
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 |
| One BR | 9 | 100 percent |
| Two BR | 58 | 65 percent |
Rental Units Below FMR in Holly Grove, Arkansas
How many affordable rental units are in Holly Grove?
There are a variety of federal affordable housing programs serving households in Holly Grove, Arkansas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Holly Grove, Arkansas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Holly Grove, Arkansas
Holly Grove features 98 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 Holly Grove, Arkansas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Holly Grove.
Housing Choice Vouchers in Holly Grove, Arkansas
On average, Section 8 Housing Choice vouchers pay Holly Grove landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Holly Grove.
The maximum amount a voucher would pay on behalf of a low-income tenant in Holly Grove, Arkansas for a two-bedroom apartment is between $733 and $895.
Sourced from federal housing data and AffordableHousingOnline.com research.