How many renters live in Mountain Home, Arkansas?
The City of Mountain Home has 12,876 people living in 5,979 households.
There are 5,272 renters living in 2,552 renter households in this City. Renters make up 40.94 percent of the population living in Mountain Home.
What is the rental market like in Mountain Home, Arkansas?
There are an estimated 6,375 housing units in the Mountain Home area. Of these, 2,740 units are rental homes, making up 43 percent of the housing market. For every renter household in Mountain Home, Arkansas, there are 1 rental units.
What is the vacancy rate for rentals in Mountain Home?
The rental vacancy rate in Mountain Home is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Mountain Home for each bedroom size?
Occupied Rental Units by Size in Mountain Home
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 137 | 324 | 1,485 | 581 | 25 |
Occupied Rental Units by Size in Mountain Home
A large number of apartments in Mountain Home 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 Mountain Home are overburdened by housing costs?
Among renter households in this market, 46 percent have housing cost burden. Further, 16 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 Mountain Home
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $674 to $1,257. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $674 |
| One BR | $678 |
| Two BR | $891 |
| Three BR | $1,119 |
| Four BR | $1,257 |
2024 Fair Market Rents in Mountain Home, Arkansas
How many units are rented at Fair Market Rent (FMR) in Mountain Home?
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 | 36 | 26 percent |
| One BR | 171 | 53 percent |
| Two BR | 1,005 | 68 percent |
Rental Units Below FMR in Mountain Home, Arkansas
How many affordable rental units are in Mountain Home?
There are a variety of federal affordable housing programs serving households in Mountain Home, Arkansas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 350 |
| Section 8 Project-Based Rental Assistance | 24 |
| Section 202 Supportive Housing for the Elderly | 20 |
| USDA Section 515 Rural Rental Housing | 139 |
Tracked Units by Federal Program in Mountain Home, Arkansas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Mountain Home, Arkansas
Mountain Home features 166 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 Mountain Home, Arkansas
There are 300 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mountain Home.
Housing Choice Vouchers in Mountain Home, Arkansas
On average, Section 8 Housing Choice vouchers pay Mountain Home landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Mountain Home.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mountain Home, Arkansas for a two-bedroom apartment is between $802 and $980.
Sourced from federal housing data and AffordableHousingOnline.com research.
