How many renters live in Mcneil, Arkansas?
The City of Mcneil has 489 people living in 210 households.
There are 122 renters living in 59 renter households in this City. Renters make up 24.95 percent of the population living in Mcneil.
What is the rental market like in Mcneil, Arkansas?
There are an estimated 261 housing units in the Mcneil area. Of these, 59 units are rental homes, making up 23 percent of the housing market. For every renter household in Mcneil, Arkansas, there are 1 rental units.
What is the vacancy rate for rentals in Mcneil?
The rental vacancy rate in Mcneil is 0 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 Mcneil for each bedroom size?
Occupied Rental Units by Size in Mcneil
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 22 | 35 | 2 | 0 |
Occupied Rental Units by Size in Mcneil
A large number of apartments in Mcneil 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 Mcneil are overburdened by housing costs?
Among renter households in this market, 76 percent have housing cost burden. Further, 54 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 Mcneil
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $615 to $1,084. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $615 |
| One BR | $620 |
| Two BR | $814 |
| Three BR | $1,080 |
| Four BR | $1,084 |
2024 Fair Market Rents in Mcneil, Arkansas
How many units are rented at Fair Market Rent (FMR) in Mcneil?
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 |
| One BR | 17 | 77 percent |
| Two BR | 33 | 94 percent |
Rental Units Below FMR in Mcneil, Arkansas
How many affordable rental units are in Mcneil?
Income Based Apartments in Mcneil, Arkansas
Mcneil features 20 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 Mcneil, Arkansas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mcneil.
Housing Choice Vouchers in Mcneil, Arkansas
On average, Section 8 Housing Choice vouchers pay Mcneil landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Mcneil.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mcneil, Arkansas for a two-bedroom apartment is between $733 and $895.
Sourced from federal housing data and AffordableHousingOnline.com research.
