. Low Income Apartments For Rent in Marshall, Arkansas - Affordable Housing Online

Marshall Manor

203 W Main St
Marshall, Arkansas
Rent Assisted
LIHTC

Heritage Place Apartments

110 School St
Marshall, Arkansas
Rent Assisted
Senior
Supportive
LIHTC
S. 515 Rural

Briarwood I Apartments

210 Hazel St
Marshall, Arkansas
Rent Assisted
Senior
Supportive
LIHTC
S. 515 Rural

Briarwood Apartments II

1 Hazel ST
Marshall, Arkansas
Rent Assisted
LIHTC
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There are 133 low-income apartments in Marshall that offer reduced rents to eligible households.

Rental assistance programs support 0 low-income homes in Marshall where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Marshall, Arkansas Affordable Housing Data

Income Based Apartments in Marshall, Arkansas

Marshall features 0 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 Marshall, Arkansas

There are 133 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marshall.

Housing Choice Vouchers in Marshall, Arkansas

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

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

2023 Marshall, 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
Marshall, Arkansas Fair Market Rent $539 $547 $720 $930 $1,024
Marshall, Arkansas Payment Standard Range $485 to $593 $492 to $602 $648 to $792 $837 to $1,023 $922 to $1,126

Sourced from federal housing data and AffordableHousingOnline.com research.

Marshall, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 133
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 32.7%
Average Renter Household Size 2.58
Average Household Size 2.48
Median Household Income $27,216 ±$8,771
Median Rent $468 ±$42
Percentage Of Renters Overburdened 47.34% ± 15.02pp
Total Population 1,657

Population and Household Demographics

Marshall is a city in Searcy County, Arkansas with a population of 1,657. There are 633 households in the city with an average household size of 2.48 persons. 32.7% of households in Marshall are renters.

Income and Rent Overburden in Marshall

The median gross income for households in Marshall is $27,216 a year, or $2,268 a month. The median rent for the city is $468 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marshall, a household making less than $1,560 a month would be considered overburdened when renting an apartment at or above the median rent. 47.34% of households who rent are overburdened in Marshall.

Area Median Income In Marshall

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 Marshall, the AMI is calculated from all households within Searcy County.

In Marshall, HUD calculates the Area Median Income for a family of four as $55,800

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 Marshall

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 Marshall

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 Marshall AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,250 $36,800 $39,350 $41,850
50% AMI Income Limits
Renters earning up to 50% of the Marshall AMI may qualify for rental assistance programs that target Very Low Income households.
$22,200 $25,400 $28,550 $31,700 $34,250 $36,800 $39,350 $41,850
80% AMI Income Limits
Renters earning up to 80% of the Marshall AMI may qualify for rental assistance programs that target Low Income households.
$35,500 $40,600 $45,650 $50,700 $54,800 $58,850 $62,900 $66,950