Affordable Housing In Malvern
Hot Spring County, Arkansas

9 Low Income Apartment Communities In Malvern

River Park Apartments

1750 W Moline St
Malvern, Arkansas
Subsidized
62+
Accessible
Elderly Supportive Housing

Birch Leaf Apartments

343 Babcock St
Malvern, Arkansas
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Reach Out II Apartments

2605 Canine Rd
Malvern, Arkansas
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Malvern Manor Apartments

718 Sulphur Springs Rd
Malvern, Arkansas
Subsidized

On Our Own IV

1401 Owen St
Malvern, Arkansas
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Garland Street Apartments

615 Garland St
Malvern, Arkansas

Gloster Court

1701 Bailey Pl
Malvern, Arkansas

Marla Square Apartments II

825 Sulphur Springs Rd
Malvern, Arkansas

Gates Manor Apartments

301 Burger St.
Malvern, Arkansas
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Section 8 Vouchers, Apartments, and Waiting Lists in Malvern, 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 Malvern, Arkansas

Housing Authority Programs
Malvern Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Malvern, Arkansas

There are 9 low income housing apartment communities offering 419 affordable apartments for rent in Malvern, Arkansas.

Income Based Apartments in Malvern, Arkansas

Malvern features 326 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 Malvern, Arkansas

There are 93 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Malvern.

Housing Choice Vouchers in Malvern, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Malvern, Arkansas for a two-bedroom apartment is between $605 and $739.

2022 Malvern, 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
Malvern, Arkansas Fair Market Rent $478 $511 $672 $881 $1,109
Malvern, Arkansas Payment Standard Range $430 to $526 $460 to $562 $605 to $739 $793 to $969 $998 to $1,220

Sourced from federal housing data and AffordableHousingOnline.com research.

Malvern, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 419
Total Housing Units with Rental Assistance 326
Percentage of Housing Units Occupied By Renters 47.61%
Average Renter Household Size 2.31
Average Household Size 2.35
Median Household Income $26,667 ±$4,457
Median Rent $644 ±$39
Percentage Of Renters Overburdened 52.78% ± 13.09pp
Total Population 10,770

Population and Household Demographics

Malvern is a city in Hot Spring County, Arkansas with a population of 10,770. There are 3,812 households in the city with an average household size of 2.35 persons. 47.61% of households in Malvern are renters.

Income and Rent Overburden in Malvern

The median gross income for households in Malvern is $26,667 a year, or $2,222 a month. The median rent for the city is $644 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Malvern, a household making less than $2,147 a month would be considered overburdened when renting an apartment at or above the median rent. 52.78% of households who rent are overburdened in Malvern.

Area Median Income In Malvern

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 Malvern, the AMI is calculated from all households within Hot Spring County.

In Malvern, HUD calculates the Area Median Income for a family of four as $54,300

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 Malvern

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 Malvern

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 Malvern AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $29,350 $31,500 $33,700 $35,850
50% AMI Income Limits
Renters earning up to 50% of the Malvern AMI may qualify for rental assistance programs that target Very Low Income households.
$19,050 $21,750 $24,450 $27,150 $29,350 $31,500 $33,700 $35,850
80% AMI Income Limits
Renters earning up to 80% of the Malvern AMI may qualify for rental assistance programs that target Low Income households.
$30,450 $34,800 $39,150 $43,450 $46,950 $50,450 $53,900 $57,400