Affordable Housing In Keiser
Mississippi County, Arkansas

3 Low Income Apartment Communities In Keiser

Keiser Apartments

305 W Mill St
Keiser, Arkansas

Keiser Apartments

306 W Mills St
Keiser, Arkansas
Subsidized

Charles J. Perry

308 Pine St
Keiser, Arkansas
  • «
  • 1
  • »

Section 8 Vouchers, Apartments, and Waiting Lists in Keiser, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Keiser, Arkansas

Housing Authority Programs
Mississippi County Public Facilities Board Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Keiser, Arkansas

There are 3 low income housing apartment communities offering 31 affordable apartments for rent in Keiser, Arkansas.

Income Based Apartments in Keiser, Arkansas

Keiser features 15 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 Keiser, Arkansas

There are 15 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Keiser.

Housing Choice Vouchers in Keiser, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Keiser, Arkansas for a two-bedroom apartment is between $584 and $714.

2022 Keiser, 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
Keiser, Arkansas Fair Market Rent $476 $505 $649 $850 $880
Keiser, Arkansas Payment Standard Range $428 to $524 $455 to $556 $584 to $714 $765 to $935 $792 to $968

Sourced from federal housing data and AffordableHousingOnline.com research.

Keiser, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 31
Total Housing Units with Rental Assistance 15
Percentage of Housing Units Occupied By Renters 36.89%
Average Renter Household Size 2.96
Average Household Size 2.91
Median Household Income $32,500 ±$12,899
Median Rent $576 ±$61
Percentage Of Renters Overburdened 35.53% ± 20.54pp
Total Population 600

Population and Household Demographics

Keiser is a city in Mississippi County, Arkansas with a population of 600. There are 206 households in the city with an average household size of 2.91 persons. 36.89% of households in Keiser are renters.

Income and Rent Overburden in Keiser

The median gross income for households in Keiser is $32,500 a year, or $2,708 a month. The median rent for the city is $576 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Keiser, a household making less than $1,920 a month would be considered overburdened when renting an apartment at or above the median rent. 35.53% of households who rent are overburdened in Keiser.

Area Median Income In Keiser

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 Keiser, the AMI is calculated from all households within Mississippi County.

In Keiser, HUD calculates the Area Median Income for a family of four as $46,600

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 Keiser

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 Keiser

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 Keiser AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $29,250 $31,400 $33,550 $35,750
50% AMI Income Limits
Renters earning up to 50% of the Keiser AMI may qualify for rental assistance programs that target Very Low Income households.
$18,950 $21,650 $24,350 $27,050 $29,250 $31,400 $33,550 $35,750
80% AMI Income Limits
Renters earning up to 80% of the Keiser AMI may qualify for rental assistance programs that target Low Income households.
$30,350 $34,650 $39,000 $43,300 $46,800 $50,250 $53,700 $57,200