How many renters live in Huntsville, Arkansas?
The City of Huntsville has 2,973 people living in 996 households.
There are 1,363 renters living in 472 renter households in this City. Renters make up 45.85 percent of the population living in Huntsville.
What is the rental market like in Huntsville, Arkansas?
There are an estimated 1,212 housing units in the Huntsville area. Of these, 489 units are rental homes, making up 40 percent of the housing market. For every renter household in Huntsville, Arkansas, there are 1 rental units.
What is the vacancy rate for rentals in Huntsville?
The rental vacancy rate in Huntsville is 3 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 Huntsville for each bedroom size?
Occupied Rental Units by Size in Huntsville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 23 | 79 | 197 | 140 | 33 |
Occupied Rental Units by Size in Huntsville
A large number of apartments in Huntsville 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 Huntsville are overburdened by housing costs?
Among renter households in this market, 34 percent have housing cost burden. Further, 12 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 Huntsville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $871 to $1,847. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $871 |
| One BR | $924 |
| Two BR | $1,121 |
| Three BR | $1,580 |
| Four BR | $1,847 |
2024 Fair Market Rents in Huntsville, Arkansas
How many units are rented at Fair Market Rent (FMR) in Huntsville?
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 |
| Studio | 21 | 91 percent |
| One BR | 79 | 100 percent |
| Two BR | 178 | 90 percent |
Rental Units Below FMR in Huntsville, Arkansas
How many affordable rental units are in Huntsville?
There are a variety of federal affordable housing programs serving households in Huntsville, Arkansas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 88 |
| Section 8 Project-Based Rental Assistance | 5 |
| Section 202 Supportive Housing for the Elderly | 17 |
| USDA Section 515 Rural Rental Housing | 140 |
Tracked Units by Federal Program in Huntsville, Arkansas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Huntsville, Arkansas
Huntsville features 110 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 Huntsville, Arkansas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Huntsville.
Housing Choice Vouchers in Huntsville, Arkansas
On average, Section 8 Housing Choice vouchers pay Huntsville landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Huntsville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Huntsville, Arkansas for a two-bedroom apartment is between $1,009 and $1,233.
Sourced from federal housing data and AffordableHousingOnline.com research.