Low Income Apartments and Affordable Housing For Rent in Horseshoe Bend, AR

Discover affordable housing in Horseshoe Bend where there are 1+ 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.

Horse Bend Apartments

905 Fourth St, Horseshoe Bend, Arkansas 72512

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Horseshoe Bend, Arkansas
$4.42 (+40%) more than Arkansas minimum wage and $8.17 (+113%) more than the Federal minimum wage.
Learn More About Horseshoe Bend, Arkansas Affordable Housing ↓

What HUD offices serve Horseshoe Bend, 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 Horseshoe Bend, Arkansas.

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

How many renters live in Horseshoe Bend, Arkansas?

The City of Horseshoe Bend has 2,423 people living in 905 households.

There are 518 renters living in 184 renter households in this City. Renters make up 21.38 percent of the population living in Horseshoe Bend.

What is the rental market like in Horseshoe Bend, Arkansas?

There are an estimated 1,171 housing units in the Horseshoe Bend area. Of these, 184 units are rental homes, making up 16 percent of the housing market. For every renter household in Horseshoe Bend, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Horseshoe Bend?

The rental vacancy rate in Horseshoe Bend 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 Horseshoe Bend for each bedroom size?

Occupied Rental Units by Size in Horseshoe Bend
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 41 130 9 4
Occupied Rental Units by Size in Horseshoe Bend

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

Among renter households in this market, 16 percent have housing cost burden. Further, 8 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 Horseshoe Bend

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $552 to $1,244. 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 $1,126
Four BR $1,244
2024 Fair Market Rents in Horseshoe Bend, Arkansas

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

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 22 54 percent
Two BR 94 72 percent
Rental Units Below FMR in Horseshoe Bend, Arkansas

How many affordable rental units are in Horseshoe Bend?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
Tracked Units by Federal Program in Horseshoe Bend, Arkansas

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

Income Based Apartments in Horseshoe Bend, Arkansas

Horseshoe Bend features 24 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 Horseshoe Bend, Arkansas

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

Housing Choice Vouchers in Horseshoe Bend, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Horseshoe Bend, Arkansas for a two-bedroom apartment is between $733 and $895.

Sourced from federal housing data and AffordableHousingOnline.com research.