. Low Income Apartments For Rent in Piggott, Arkansas - Affordable Housing Online

Park Place Apartments

682 S Houston Ave
Piggott, Arkansas
Rent Assisted
S. 515 Rural

Brad of Piggott

551 W Main St
Piggott, Arkansas
S. 202

Piggoh, City Of

Monroe And Garfield
Piggott, Arkansas
Rent Assisted
Showing Results 1-15
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There are 5 low-income apartments in Piggott that offer reduced rents to eligible households.

Rental assistance programs support 45 low-income homes in Piggott where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $276 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Piggott, 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.

Housing Authority Programs
Clay County Public Housing Agency Section 8 Housing Choice Voucher (HCV)
Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Piggott.

Piggott, Arkansas Affordable Housing Data

Income Based Apartments in Piggott, Arkansas

Piggott features 45 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 Piggott, Arkansas

There are 5 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Piggott.

Housing Choice Vouchers in Piggott, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Piggott, Arkansas for a two-bedroom apartment is between $648 and $792.

2023 Piggott, 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
Piggott, Arkansas Fair Market Rent $543 $547 $720 $917 $1,154
Piggott, Arkansas Payment Standard Range $489 to $597 $492 to $602 $648 to $792 $825 to $1,009 $1,039 to $1,269

Sourced from federal housing data and AffordableHousingOnline.com research.

Piggott, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 50
Total Housing Units with Rental Assistance 45
Percentage of Housing Units Occupied By Renters 25.51%
Average Renter Household Size 2.63
Average Household Size 2.14
Median Household Income $28,358 ±$4,060
Median Rent $518 ±$87
Percentage Of Renters Overburdened 60.19% ± 18.6pp
Total Population 3,713

Population and Household Demographics

Piggott is a city in Clay County, Arkansas with a population of 3,713. There are 1,674 households in the city with an average household size of 2.14 persons. 25.51% of households in Piggott are renters.

Income and Rent Overburden in Piggott

The median gross income for households in Piggott is $28,358 a year, or $2,363 a month. The median rent for the city is $518 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Piggott, a household making less than $1,727 a month would be considered overburdened when renting an apartment at or above the median rent. 60.19% of households who rent are overburdened in Piggott.

Area Median Income In Piggott

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 Piggott, the AMI is calculated from all households within Clay County.

In Piggott, HUD calculates the Area Median Income for a family of four as $59,800

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 Piggott

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 Piggott

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30% AMI Income Limits
Renters earning up to 30% of the Piggott AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,250 $36,800 $39,350 $41,850
50% AMI Income Limits
Renters earning up to 50% of the Piggott AMI may qualify for rental assistance programs that target Very Low Income households.
$22,200 $25,400 $28,550 $31,700 $34,250 $36,800 $39,350 $41,850
80% AMI Income Limits
Renters earning up to 80% of the Piggott AMI may qualify for rental assistance programs that target Low Income households.
$35,500 $40,600 $45,650 $50,700 $54,800 $58,850 $62,900 $66,950