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

Apply to Searcy Apartment Waiting Lists

Redwood Complex

96 N Sawmill Rd
Searcy, Arkansas
S. 811 Supportive

East Market Street Apartments

1703 E Market Ave
Searcy, Arkansas

Homestead House

3210 E Moore Ave
Searcy, Arkansas
S. 202

Meadow Lake Apartments I & II

400 Meadow Lake Cir
Searcy, Arkansas
Rent Assisted
1-2 BR

The Ridge at Searcy

2001 Quality Dr
Searcy, Arkansas
Rent Assisted

Christopher Homes Inc

17 Christopher Cir
Searcy, Arkansas
S. 202

White County Group Home

2 Mary Lou Dr
Searcy, Arkansas
S. 202

Country Square Apartments

605 Chrisp Ave
Searcy, Arkansas

Searcy Apartments

801 North Pine
Searcy, Arkansas
Rent Assisted
S. 515 Rural

Searcy Public Housing

811 W Park Ave
Searcy, Arkansas
Public Housing
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There are 172 low-income apartments in Searcy that offer reduced rents to eligible households. Low-income rents in Searcy, Arkansas can range from $390 to $450 depending on the number of bedrooms.

Rental assistance programs support 733 low-income homes in Searcy where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $268 towards rent each month.

Affordable rent data for some communities last confirmed on January 3rd, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Searcy, 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
Searcy Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
White River Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Searcy.

Searcy, Arkansas Affordable Housing Data

Income Based Apartments in Searcy, Arkansas

Searcy features 733 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 Searcy, Arkansas

There are 172 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Searcy.

Housing Choice Vouchers in Searcy, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Searcy, Arkansas for a two-bedroom apartment is between $665 and $813.

2023 Searcy, 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
Searcy, Arkansas Fair Market Rent $503 $596 $739 $998 $1,246
Searcy, Arkansas Payment Standard Range $453 to $553 $536 to $656 $665 to $813 $898 to $1,098 $1,121 to $1,371

Sourced from federal housing data and AffordableHousingOnline.com research.

Searcy, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 10
Total Low Income Apartments 905
Total Housing Units with Rental Assistance 733
Percentage of Housing Units Occupied By Renters 46.46%
Average Renter Household Size 2.27
Average Household Size 2.37
Median Household Income $40,561 ±$3,475
Median Rent $627 ±$20
Percentage Of Renters Overburdened 46.77% ± 5.64pp
Total Population 23,782

Population and Household Demographics

Searcy is a city in White County, Arkansas with a population of 23,782. There are 8,573 households in the city with an average household size of 2.37 persons. 46.46% of households in Searcy are renters.

Income and Rent Overburden in Searcy

The median gross income for households in Searcy is $40,561 a year, or $3,380 a month. The median rent for the city is $627 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Searcy, a household making less than $2,090 a month would be considered overburdened when renting an apartment at or above the median rent. 46.77% of households who rent are overburdened in Searcy.

Area Median Income In Searcy

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 Searcy, the AMI is calculated from all households within White County.

In Searcy, HUD calculates the Area Median Income for a family of four as $69,700

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 Searcy

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 Searcy

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 Searcy AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,850 $37,450 $40,000 $42,600
50% AMI Income Limits
Renters earning up to 50% of the Searcy AMI may qualify for rental assistance programs that target Very Low Income households.
$22,600 $25,800 $29,050 $32,250 $34,850 $37,450 $40,000 $42,600
80% AMI Income Limits
Renters earning up to 80% of the Searcy AMI may qualify for rental assistance programs that target Low Income households.
$36,100 $41,250 $46,400 $51,550 $55,700 $59,800 $63,950 $68,050