Affordable Housing In Jefferson County
24 Low Income Apartment Communities In Jefferson County
Guide To Affordable Housing in Jefferson County, Arkansas
There are 24 low income housing apartment communities offering 1,544 affordable apartments for rent in Jefferson County, Arkansas.
Income Based Apartments in Jefferson County, Arkansas
Jefferson County features 1,141 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 Jefferson County, Arkansas
There are 403 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Jefferson County.
Housing Choice Vouchers in Jefferson County, Arkansas
On average, Section 8 Housing Choice vouchers pay Jefferson County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Jefferson County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Jefferson County, Arkansas for a two-bedroom apartment is between $684 and $836.
2022 Jefferson County, 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|
|Jefferson County, Arkansas Fair Market Rent||$563||$578||$760||$950||$1,097|
|Jefferson County, Arkansas Payment Standard Range||$507 to $619||$520 to $636||$684 to $836||$855 to $1,045||$987 to $1,207|
Sourced from federal housing data and AffordableHousingOnline.com research.
Jefferson County, AR Affordable Housing Snapshot
|Total Affordable Apartment Properties||24|
|Total Low Income Apartments||1,544|
|Total Housing Units with Rental Assistance||1,141|
|Percentage of Housing Units Occupied By Renters||36.03%|
|Average Renter Household Size||2.43|
|Average Household Size||2.41|
|Median Household Income||$36,747 ±$1,832|
|Median Rent||$669 ±$16|
|Percentage Of Renters Overburdened||46.16% ± 4.45pp|
Population and Household Demographics
Jefferson County is a county in Arkansas with a population of 73,548. There are 28,119 households in the county with an average household size of 2.41 persons. 36.03% of households in Jefferson County are renters.
Income and Rent Overburden in Jefferson County
The median gross income for households in Jefferson County is $36,747 a year, or $3,062 a month. The median rent for the county is $669 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Jefferson County, a household making less than $2,230 a month would be considered overburdened when renting an apartment at or above the median rent. 46.16% of households who rent are overburdened in Jefferson County.
Area Median Income In Jefferson County
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.
In Jefferson County, HUD calculates the Area Median Income for a family of four as $60,100
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 Jefferson County
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 Jefferson County
|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 Jefferson County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Jefferson County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Jefferson County AMI may qualify for rental assistance programs that target Low Income households.