Magnolia, Arkansas Affordable Housing

Affordable Housing programs support 439 income based apartments in Magnolia where households pay rent based on how much they earn.

There are 64 affordable apartments in Magnolia that offer reduced rents to low-income households.

Waiting Lists in Magnolia, Arkansas

There are no open Section 8 Housing Choice Voucher waiting lists in Magnolia. Go to the Arkansas Section 8 Waiting Lists page for openings near Magnolia.

Pine Valley Apartments

100 Sherwood Dr
Magnolia, Arkansas
Rent Assisted

Ralph Weiser Independent Living Center

1320 E North St
Magnolia, Arkansas
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Jay Johnston Group Living Center

816 W Main St
Magnolia, Arkansas
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Pine Valley

205 S Verda
Magnolia, Arkansas

St Charles Apartments

601 Ruth
Magnolia, Arkansas
Rent Assisted

Westwood Village

1032 Mullins
Magnolia, Arkansas
Rent Assisted

Ridge at Magnolia

1640 E Main St
Magnolia, Arkansas
Affordable

Magnolia Apt

1300 West University
Magnolia, Arkansas
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Affordable Housing Near Magnolia

View affordable apartments and waiting lists in cities near Magnolia

City Apartments
Waldo, AR Affordable Housing programs support 2 apartment communities in Waldo.
Mcneil, AR Affordable Housing programs support 1 apartment communities in Mcneil.

Public Housing Agencies Serving Magnolia, 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.

Waiting lists for project-based assistance, like the Public Housing program, are open:

Housing Authority Programs
Magnolia Housing Authority Public Housing
City of Magnolia (AAA) Section 8 Housing Choice Voucher (HCV)
Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Magnolia.

Magnolia, Arkansas Affordable Housing Data

Income Based Apartments in Magnolia, Arkansas

Magnolia features 439 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 Magnolia, Arkansas

There are 64 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Magnolia.

Housing Choice Vouchers in Magnolia, Arkansas

On average, Section 8 Housing Choice vouchers pay Magnolia landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Magnolia.

The maximum amount a voucher would pay on behalf of a low-income tenant in Magnolia, Arkansas for a two-bedroom apartment is between $648 and $792.

2023 Magnolia, 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
Magnolia, Arkansas Fair Market Rent $543 $547 $720 $964 $967
Magnolia, Arkansas Payment Standard Range $489 to $597 $492 to $602 $648 to $792 $868 to $1,060 $870 to $1,064

Sourced from federal housing data and AffordableHousingOnline.com research.

Magnolia, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 503
Total Housing Units with Rental Assistance 439
Percentage of Housing Units Occupied By Renters 48.52%
Average Renter Household Size 2.16
Average Household Size 2.35
Median Household Income $34,163 ±$3,277
Median Rent $626 ±$45
Percentage Of Renters Overburdened 42.44% ± 8.84pp
Total Population 11,690

Population and Household Demographics

Magnolia is a city in Columbia County, Arkansas with a population of 11,690. There are 4,332 households in the city with an average household size of 2.35 persons. 48.52% of households in Magnolia are renters.

Income and Rent Overburden in Magnolia

The median gross income for households in Magnolia is $34,163 a year, or $2,847 a month. The median rent for the city is $626 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Magnolia, a household making less than $2,087 a month would be considered overburdened when renting an apartment at or above the median rent. 42.44% of households who rent are overburdened in Magnolia.

Area Median Income In Magnolia

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 Magnolia, the AMI is calculated from all households within Columbia County.

In Magnolia, HUD calculates the Area Median Income for a family of four as $53,400

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 Magnolia

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 Magnolia

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 Magnolia AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $34,950 $37,350 $39,750
50% AMI Income Limits
Renters earning up to 50% of the Magnolia AMI may qualify for rental assistance programs that target Very Low Income households.
$21,100 $24,100 $27,100 $30,100 $32,550 $34,950 $37,350 $39,750
80% AMI Income Limits
Renters earning up to 80% of the Magnolia AMI may qualify for rental assistance programs that target Low Income households.
$33,750 $38,550 $43,350 $48,150 $52,050 $55,900 $59,750 $63,600