Low Income Apartments and Affordable Housing For Rent in Mccrory, AR

Discover affordable housing in Mccrory where there are 4+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Sands Apartments

225 Raymond Circle Dr, Mccrory, Arkansas 72101

Chapel Oaks Apartments

211 E Raney Ave, Mccrory, Arkansas 72101

bed 1-3
payment $655-925/mo.

Margaret Fowler Manor

500 E 2nd St, Mccrory, Arkansas 72101


19 Taylor Circle Dr, Mccrory, Arkansas 72101

How To Identify Affordable Housing in Mccrory, Arkansas

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Mccrory, Arkansas
$4.42 (+40%) more than Arkansas minimum wage and $8.17 (+113%) more than the Federal minimum wage.
Learn More About Mccrory, Arkansas Affordable Housing ↓

What HUD offices serve Mccrory, 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Mccrory, Arkansas.

Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Mccrory.

How many renters live in Mccrory, Arkansas?

The City of Mccrory has 1,738 people living in 697 households.

There are 696 renters living in 302 renter households in this City. Renters make up 40.05 percent of the population living in Mccrory.

What is the rental market like in Mccrory, Arkansas?

There are an estimated 817 housing units in the Mccrory area. Of these, 324 units are rental homes, making up 40 percent of the housing market. For every renter household in Mccrory, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Mccrory?

The rental vacancy rate in Mccrory is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Mccrory for each bedroom size?

Occupied Rental Units by Size in Mccrory
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
16 97 87 102 0
Occupied Rental Units by Size in Mccrory

A large number of apartments in Mccrory have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Mccrory are overburdened by housing costs?

Among renter households in this market, 49 percent have housing cost burden. Further, 8 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Mccrory

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,148. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $646
Two BR $814
Three BR $1,078
Four BR $1,148
2024 Fair Market Rents in Mccrory, Arkansas

How many units are rented at Fair Market Rent (FMR) in Mccrory?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 13 81 percent
One BR 87 90 percent
Two BR 76 87 percent
Rental Units Below FMR in Mccrory, Arkansas

How many affordable rental units are in Mccrory?

There are a variety of federal affordable housing programs serving households in Mccrory, Arkansas including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 60
Public Housing 36
Section 8 Project-Based Rental Assistance 80
Section 811 Supportive Housing for Persons with Disabilities 1
Tracked Units by Federal Program in Mccrory, Arkansas

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Mccrory, Arkansas

Mccrory features 140 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 Mccrory, Arkansas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mccrory.

Housing Choice Vouchers in Mccrory, Arkansas

On average, Section 8 Housing Choice vouchers pay Mccrory landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Mccrory.

The maximum amount a voucher would pay on behalf of a low-income tenant in Mccrory, Arkansas for a two-bedroom apartment is between $733 and $895.

Sourced from federal housing data and AffordableHousingOnline.com research.