Affordable Housing In Montgomery County

4 Low Income Apartment Communities In Montgomery County

Northside Apartments

822 Smokey Bear Ln
Glenwood, Arkansas

Caddo Creek Apartments

526 W Main St
Norman, Arkansas

Broadway Terrace

612 E Broadway
Glenwood, Arkansas

Mt Ida Gardens

Highway 27 Byp W
Mount Ida, Arkansas
Elderly Supportive Housing
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Guide To Affordable Housing in Montgomery County, Arkansas

There are 4 low income housing apartment communities offering 114 affordable apartments for rent in Montgomery County, Arkansas.

Income Based Apartments in Montgomery County, Arkansas

Montgomery County features 114 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 Montgomery County, Arkansas

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

Housing Choice Vouchers in Montgomery County, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Montgomery County, Arkansas for a two-bedroom apartment is between $584 and $714.

2022 Montgomery County, 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
Montgomery County, Arkansas Fair Market Rent $481 $570 $649 $916 $1,111
Montgomery County, Arkansas Payment Standard Range $433 to $529 $513 to $627 $584 to $714 $824 to $1,008 $1,000 to $1,222

Sourced from federal housing data and research.

Montgomery County, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 114
Total Housing Units with Rental Assistance 114
Percentage of Housing Units Occupied By Renters 20.38%
Average Renter Household Size 2.61
Average Household Size 2.33
Median Household Income $33,037 ±$3,000
Median Rent $538 ±$61
Percentage Of Renters Overburdened 36.19% ± 10.3pp
Total Population 9,197

Population and Household Demographics

Montgomery County is a county in Arkansas with a population of 9,197. There are 3,892 households in the county with an average household size of 2.33 persons. 20.38% of households in Montgomery County are renters.

Income and Rent Overburden in Montgomery County

The median gross income for households in Montgomery County is $33,037 a year, or $2,753 a month. The median rent for the county is $538 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Montgomery County, a household making less than $1,793 a month would be considered overburdened when renting an apartment at or above the median rent. 36.19% of households who rent are overburdened in Montgomery County.

Area Median Income In Montgomery 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 Montgomery County, HUD calculates the Area Median Income for a family of four as $52,600

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 Montgomery 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 HUD Rental Assistance in Montgomery County

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 Montgomery County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $34,950 $37,350 $39,750
50% AMI Income Limits
Renters earning up to 50% of the Montgomery County AMI may qualify for rental assistance programs that target Very Low Income households.
$21,100 $24,100 $27,100 $30,100 $32,550 $34,950 $37,350 $39,750
80% AMI Income Limits
Renters earning up to 80% of the Montgomery County AMI may qualify for rental assistance programs that target Low Income households.
$33,750 $38,550 $43,350 $48,150 $52,050 $55,900 $59,750 $63,600

Cities In Montgomery County

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

City Served By
Black Springs
Mount Ida The HUD funded Public Housing Agency that serves Mount Ida is the Mount Ida Housing Authority.