Affordable Housing In Marion County
Arkansas

8 Low Income Apartment Communities In Marion County

North Arkansas Senior Housing Gravette Bull Shoal

156 Kingsway Cir
Bull Shoals, AR
62+
Accessible
Elderly Supportive Housing
Subsidized

Fallen Ash Senior Complex

281 W Industrial Park Rd
Flippin, AR
62+
Accessible
Elderly Supportive Housing
Subsidized

Stonehill Apartments II

508 W 6th St
Yellville, AR
HCV Welcome

Yellville

415 W Old Main St
Yellville, AR

Stonehill I Apartments

6th St
Yellville, AR
Subsidized

Hillwood Apartments

502 S 8th St
Flippin, AR
HCV Welcome

Hillside Apartments

401 N 8th St
Flippin, AR
Subsidized

Merriwood Apartments

1002 Morning Glory Dr
Bull Shoals, AR
HCV Welcome
Subsidized
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Other Housing Authorities located in Marion County

Housing Authority Programs
Yellville Housing Authority Public Housing

Guide To Affordable Housing in Marion County, Arkansas

There are 8 low income housing apartment communities offering 359 affordable apartments for rent in Marion County, Arkansas. Marion County features 318 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 41 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Marion County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Marion County, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 359
Total Housing Units with Rental Assistance 318
Percentage of Housing Units Occupied By Renters 21%
Average Renter Household Size 2.55
Average Household Size 2.43
Median Household Income $34,195 ±$1,933
Median Rent $553 ±$27
Percentage Of Renters Overburdened 43.14% ± 6.61pp
Total Population 16,458

Population and Household Demographics

Marion County is a County in Arkansas with a population of 16,458. There are 6,701 households in the county with an average household size of 2.43 persons. 21% of households in Marion County are renters.

Income and Rent Overburden in Marion County

The median gross income for households in Marion County is $34,195 a year, or $2,850 a month. The median rent for the county is $553 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marion County, a household making less than $1,843 a month would be considered overburdened when renting an apartment at or above the median rent. 43.14% of households who rent are overburdened in Marion County.1

Area Median Income In Marion 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 Marion County, HUD calculates the Area Median Income for a family of four as $44,900

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 Marion 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 Marion County HUD Rental Assistance in Marion County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $28,150 $30,250 $32,350 $34,400
50% of Median $18,250 $20,850 $23,450 $26,050 $28,150 $30,250 $32,350 $34,400
80% of Median $29,200 $33,400 $37,550 $41,700 $45,050 $48,400 $51,750 $55,050
Low Income Housing Tax Credits in Marion County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2006, 3 low income apartment communities containing 76 rental apartments have been constructed and made affordable to low income persons in Marion County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Marion County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,250 $20,850 $23,450 $26,050 $28,150 $30,250 $32,350 $34,400
60% of Median $21,900 $25,020 $28,140 $31,260 $33,780 $36,300 $38,820 $41,280

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Marion County is $28,140 a year, or $2,345 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,345 by 30% to get a maximum rent of $704 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $456 $489 $586 $678 $756 $834
60% $548 $587 $704 $813 $908 $1,001
Fair Market Rents in Marion County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$422 $503 $630 $785 $1,074

Cities In Marion County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Flippin 3
Bull Shoals 2
Yellville 3 The HUD funded Public Housing Agency that serves Yellville is the Yellville Housing Authority.
Pyatt 0
Summit 0