Affordable Housing In Ouachita County
11 Low Income Apartment Communities In Ouachita County
Guide To Affordable Housing in Ouachita County, Arkansas
There are 11 low income housing apartment communities offering 820 affordable apartments for rent in Ouachita County, Arkansas.
Income Based Apartments in Ouachita County, Arkansas
Ouachita County features 763 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 Ouachita County, Arkansas
There are 57 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ouachita County.
Housing Choice Vouchers in Ouachita County, Arkansas
On average, Section 8 Housing Choice vouchers pay Ouachita County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Ouachita County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ouachita County, Arkansas for a two-bedroom apartment is between $584 and $714.
2022 Ouachita 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|
|Ouachita County, Arkansas Fair Market Rent||$560||$567||$649||$877||$880|
|Ouachita County, Arkansas Payment Standard Range||$504 to $616||$510 to $624||$584 to $714||$789 to $965||$792 to $968|
Sourced from federal housing data and AffordableHousingOnline.com research.
Ouachita County, AR Affordable Housing Snapshot
|Total Affordable Apartment Properties||11|
|Total Low Income Apartments||820|
|Total Housing Units with Rental Assistance||763|
|Percentage of Housing Units Occupied By Renters||33.04%|
|Average Renter Household Size||2.43|
|Average Household Size||2.34|
|Median Household Income||$31,293 ±$2,373|
|Median Rent||$546 ±$37|
|Percentage Of Renters Overburdened||43.37% ± 6.57pp|
Population and Household Demographics
Ouachita County is a county in Arkansas with a population of 25,044. There are 10,552 households in the county with an average household size of 2.34 persons. 33.04% of households in Ouachita County are renters.
Income and Rent Overburden in Ouachita County
The median gross income for households in Ouachita County is $31,293 a year, or $2,608 a month. The median rent for the county is $546 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ouachita County, a household making less than $1,820 a month would be considered overburdened when renting an apartment at or above the median rent. 43.37% of households who rent are overburdened in Ouachita County.
Area Median Income In Ouachita 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 Ouachita County, HUD calculates the Area Median Income for a family of four as $53,800
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 Ouachita 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 Ouachita 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 Ouachita County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Ouachita County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Ouachita County AMI may qualify for rental assistance programs that target Low Income households.