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

Cypress Point Apartments

102 E Maurice St
Humphrey, Arkansas
Rent Assisted
S. 515 Rural
Income Based
1 BR
Showing Results 1-15
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There are 0 low-income apartments in Humphrey that offer reduced rents to eligible households.

Rental assistance programs support 25 low-income homes in Humphrey where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 1st, 2021. Subdsidized rents typically change once a year based on federal guidance.

Humphrey, Arkansas Affordable Housing Data

Income Based Apartments in Humphrey, Arkansas

Humphrey features 25 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 Humphrey, Arkansas

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

Housing Choice Vouchers in Humphrey, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Humphrey, Arkansas for a two-bedroom apartment is between $685 and $837.

2023 Humphrey, 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
Humphrey, Arkansas Fair Market Rent $509 $578 $761 $926 $1,110
Humphrey, Arkansas Payment Standard Range $458 to $560 $520 to $636 $685 to $837 $833 to $1,019 $999 to $1,221

Sourced from federal housing data and AffordableHousingOnline.com research.

Humphrey, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 25
Total Housing Units with Rental Assistance 25
Percentage of Housing Units Occupied By Renters 23.04%
Average Renter Household Size 1.55
Average Household Size 2.13
Median Household Income $34,318 ±$9,038
Median Rent $0 ±$0
Percentage Of Renters Overburdened 30.19% ± 34.77pp
Total Population 489

Population and Household Demographics

Humphrey is a city in Arkansas County, Arkansas with a population of 489. There are 230 households in the city with an average household size of 2.13 persons. 23.04% of households in Humphrey are renters.

Income and Rent Overburden in Humphrey

The median gross income for households in Humphrey is $34,318 a year, or $2,860 a month. The median rent for the city is $0 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Humphrey, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 30.19% of households who rent are overburdened in Humphrey.

Area Median Income In Humphrey

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 Humphrey, the AMI is calculated from all households within Arkansas County.

In Humphrey, HUD calculates the Area Median Income for a family of four as $76,000

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 Humphrey

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 Humphrey

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30% AMI Income Limits
Renters earning up to 30% of the Humphrey AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,750 $37,300 $39,900 $42,450
50% AMI Income Limits
Renters earning up to 50% of the Humphrey AMI may qualify for rental assistance programs that target Very Low Income households.
$22,550 $25,750 $28,950 $32,150 $34,750 $37,300 $39,900 $42,450
80% AMI Income Limits
Renters earning up to 80% of the Humphrey AMI may qualify for rental assistance programs that target Low Income households.
$36,050 $41,200 $46,350 $51,450 $55,600 $59,700 $63,800 $67,950