Affordable Housing In Searcy County

7 Low Income Apartment Communities In Searcy County

Marshall Manor

203 W Main St
Marshall, Arkansas

Glen Echo Apartments

Elm St
Leslie, Arkansas

Heritage Place Apartments

110 School St
Marshall, Arkansas

Briarwood Apartments II

1 Hazel ST
Marshall, Arkansas

Briarwood I Apartments

210 Hazel St
Marshall, Arkansas

Cove Creek Senior Apartments

678 Oak St
Leslie, Arkansas
  • «
  • 1
  • »

Guide To Affordable Housing in Searcy County, Arkansas

There are 7 low income housing apartment communities offering 200 affordable apartments for rent in Searcy County, Arkansas.

Income Based Apartments in Searcy County, Arkansas

Searcy County features 46 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 County, Arkansas

There are 154 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Searcy County.

Housing Choice Vouchers in Searcy County, Arkansas

On average, Section 8 Housing Choice vouchers pay Searcy County landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Searcy County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Searcy County, Arkansas for a two-bedroom apartment is between $584 and $714.

2022 Searcy 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
Searcy County, Arkansas Fair Market Rent $481 $497 $649 $852 $928
Searcy County, Arkansas Payment Standard Range $433 to $529 $447 to $547 $584 to $714 $767 to $937 $835 to $1,021

Sourced from federal housing data and research.

Searcy County, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 200
Total Housing Units with Rental Assistance 46
Percentage of Housing Units Occupied By Renters 19.33%
Average Renter Household Size 2.43
Average Household Size 2.48
Median Household Income $33,083 ±$2,407
Median Rent $421 ±$51
Percentage Of Renters Overburdened 40.46% ± 12.94pp
Total Population 7,965

Population and Household Demographics

Searcy County is a county in Arkansas with a population of 7,965. There are 3,172 households in the county with an average household size of 2.48 persons. 19.33% of households in Searcy County are renters.

Income and Rent Overburden in Searcy County

The median gross income for households in Searcy County is $33,083 a year, or $2,757 a month. The median rent for the county is $421 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Searcy County, a household making less than $1,403 a month would be considered overburdened when renting an apartment at or above the median rent. 40.46% of households who rent are overburdened in Searcy County.

Area Median Income In Searcy 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 Searcy County, HUD calculates the Area Median Income for a family of four as $45,100

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 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 Searcy 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 Searcy County 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 Searcy County 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 Searcy County 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

Cities In Searcy County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
St. Joe