Affordable Housing In Mountain Home
Baxter County, Arkansas

15 Low Income Apartment Communities In Mountain Home

Valley Estates of Mountain Home

705 Rich Smith Dr
Mountain Home, Arkansas
Call For Rent
1-3 BR

Twin River Community Living Facility

201 Dodd St
Mountain Home, Arkansas
Subsidized
Accessible
Disabled Supportive Housing

Basic Independence Apartments

1635 Leo Davis Dr
Mountain Home, Arkansas
Subsidized
Accessible
Disabled Supportive Housing

Keystone Apartments

777 Highway 201 N
Mountain Home, Arkansas

Mountain Home Senior Citizens

350 E 4th St
Mountain Home, Arkansas

Park West Village

810 Embassy Pkwy
Mountain Home, Arkansas

Cardinal Apartments

605 S Cardinal Dr
Mountain Home, Arkansas

Parkwest Apartments

Burnett And Bucher Sts
Mountain Home, Arkansas

Ashflat Senior Citizens

Po Box D
Mountain Home, Arkansas

Mountain Station II Apartments

1749 Glenbriar Dr
Mountain Home, Arkansas

Guide To Affordable Housing in Mountain Home, Arkansas

There are 15 low income housing apartment communities offering 656 affordable apartments for rent in Mountain Home, Arkansas.

Income Based Apartments in Mountain Home, Arkansas

Mountain Home features 143 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 513 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 $638 and $780.

2022 Mountain Home, 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
Mountain Home, Arkansas Fair Market Rent $525 $547 $709 $876 $978
Mountain Home, Arkansas Payment Standard Range $473 to $578 $492 to $602 $638 to $780 $788 to $964 $880 to $1,076

Sourced from federal housing data and AffordableHousingOnline.com research.

Mountain Home, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 15
Total Low Income Apartments 656
Total Housing Units with Rental Assistance 143
Percentage of Housing Units Occupied By Renters 38.02%
Average Renter Household Size 2.06
Average Household Size 2.07
Median Household Income $33,255 ±$3,043
Median Rent $603 ±$49
Percentage Of Renters Overburdened 45.93% ± 9.49pp
Total Population 12,309

Population and Household Demographics

Mountain Home is a city in Baxter County, Arkansas with a population of 12,309. There are 5,784 households in the city with an average household size of 2.07 persons. 38.02% of households in Mountain Home are renters.

Income and Rent Overburden in Mountain Home

The median gross income for households in Mountain Home is $33,255 a year, or $2,771 a month. The median rent for the city is $603 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mountain Home, a household making less than $2,010 a month would be considered overburdened when renting an apartment at or above the median rent. 45.93% of households who rent are overburdened in Mountain Home.

Area Median Income In Mountain Home

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 Mountain Home, the AMI is calculated from all households within Baxter County.

In Mountain Home, 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 Mountain Home

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 Mountain Home

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 Mountain Home AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $29,250 $31,400 $33,550 $35,750
50% AMI Income Limits
Renters earning up to 50% of the Mountain Home AMI may qualify for rental assistance programs that target Very Low Income households.
$18,950 $21,650 $24,350 $27,050 $29,250 $31,400 $33,550 $35,750
80% AMI Income Limits
Renters earning up to 80% of the Mountain Home AMI may qualify for rental assistance programs that target Low Income households.
$30,350 $34,650 $39,000 $43,300 $46,800 $50,250 $53,700 $57,200