Low Income Apartments and Affordable Housing For Rent in Paragould, AR

Discover affordable housing in Paragould where there are 11+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Paragould Apartments

219 Bogil Rd, Paragould, Arkansas 72450

bed 1-2

Oakwood Villas

612 CANAL ST, Paragould, Arkansas 72450

Paragould Terrace Apartments

715 Kennedy St, Paragould, Arkansas 72450

Ridge Homes

722 W Kingshighway, Paragould, Arkansas 72450

Paragould Terrace

1125 S 8th Ave, Paragould, Arkansas 72450

Lakeview Apartments

3814 Reynolds Park Rd, Paragould, Arkansas 72450

Martin Farms Partnership

4303 Hwy 412 East, Paragould, Arkansas

Ridgewood Apts

1701 Ridgewood Circle, Paragould, Arkansas

Promise Land Farms

4081 Greene 905, Paragould, Arkansas

Martin Farms Partnership

4327 Hwy 412 East, Paragould, Arkansas

Pecan Grove

2 Pecan Grv, Paragould, Arkansas 72450

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Paragould, Arkansas

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
calendar_today Opened: Aug 25
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Paragould, Arkansas
$5.25 (+48%) more than Arkansas minimum wage and $9.00 (+124%) more than the Federal minimum wage.
Learn More About Paragould, Arkansas Affordable Housing ↓

What HUD offices serve Paragould, Arkansas?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Paragould, Arkansas.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Paragould, Arkansas.

Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Paragould.

How many renters live in Paragould, Arkansas?

The City of Paragould has people living in households.

There are renters living in renter households in this City. Renters make up 43.2 percent of the population living in Paragould.

What is the rental market like in Paragould, Arkansas?

There are an estimated housing units in the Paragould area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Paragould, Arkansas, there are 1.05 rental units.

What is the vacancy rate for rentals in Paragould?

The rental vacancy rate in Paragould is 4 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 Paragould for each bedroom size?

Occupied Rental Units by Size in Paragould
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
20 508 2,418 1,742 267
Occupied Rental Units by Size in Paragould

A large number of apartments in Paragould have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Paragould

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $636 to $1,214. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $636
One BR $737
Two BR $858
Three BR $1,209
Four BR $1,214
2024 Fair Market Rents in Paragould, Arkansas

How many units are rented at Fair Market Rent (FMR) in Paragould?

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 12 60 percent
One BR 375 74 percent
Two BR 1,453 60 percent
Rental Units Below FMR in Paragould, Arkansas

How many affordable rental units are in Paragould?

There are a variety of federal affordable housing programs serving households in Paragould, Arkansas including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Paragould, Arkansas

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Paragould, Arkansas

Paragould features 363 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 Paragould, Arkansas

There are 56 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Paragould.

Housing Choice Vouchers in Paragould, Arkansas

On average, Section 8 Housing Choice vouchers pay Paragould landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Paragould.

The maximum amount a voucher would pay on behalf of a low-income tenant in Paragould, Arkansas for a two-bedroom apartment is between $772 and $944.

Sourced from federal housing data and AffordableHousingOnline.com research.