Affordable Housing In Pyatt
Marion County, Arkansas

Guide To Affordable Housing in Pyatt, Arkansas

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Pyatt, Arkansas.

Income Based Apartments in Pyatt, Arkansas

Pyatt features 0 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 Pyatt, Arkansas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pyatt.

Housing Choice Vouchers in Pyatt, Arkansas

On average, Section 8 Housing Choice vouchers pay Pyatt landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Pyatt.

The maximum amount a voucher would pay on behalf of a low-income tenant in Pyatt, Arkansas for a two-bedroom apartment is between $586 and $716.

2022 Pyatt, 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
Pyatt, Arkansas Fair Market Rent $482 $495 $651 $805 $917
Pyatt, Arkansas Payment Standard Range $434 to $530 $446 to $545 $586 to $716 $725 to $886 $825 to $1,009

Sourced from federal housing data and AffordableHousingOnline.com research.

Pyatt, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 46.38%
Average Renter Household Size 1.97
Average Household Size 2.84
Median Household Income $33,438 ±$17,677
Median Rent $520 ±$63
Percentage Of Renters Overburdened 15.63% ± 63.83pp
Total Population 196

Population and Household Demographics

Pyatt is a city in Marion County, Arkansas with a population of 196. There are 69 households in the city with an average household size of 2.84 persons. 46.38% of households in Pyatt are renters.

Income and Rent Overburden in Pyatt

The median gross income for households in Pyatt is $33,438 a year, or $2,787 a month. The median rent for the city is $520 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pyatt, a household making less than $1,733 a month would be considered overburdened when renting an apartment at or above the median rent. 15.63% of households who rent are overburdened in Pyatt.

Area Median Income In Pyatt

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 Pyatt, the AMI is calculated from all households within Marion County.

In Pyatt, HUD calculates the Area Median Income for a family of four as $47,900

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 Pyatt

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 Pyatt

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 Pyatt 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 Pyatt 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 Pyatt 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