Low Income Apartments and Affordable Housing For Rent in Shannon Hills, AR

Discover affordable housing in Shannon Hills where there are 5+ 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.

Valley Estates of Mabelvale

1 Richsmith Cir, Shannon Hills, Arkansas 72103

Orchards at Mablelvale

8 Rich Smith Ln, Shannon Hills, Arkansas 72103

bed 1-2

Valley Estates of Mabelvale II

6 Richsmith Cv, Shannon Hills, Arkansas 72103

Orchards at Mabelvale II

9501 Mabelvale Pike, Shannon Hills, Arkansas 72103

Valley Estates of Mabelvale Phase II

1 Richsmith Circle, Shannon Hills, Arkansas 72103

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 Shannon Hills, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Shannon Hills, Arkansas
$9.63 (+88%) more than Arkansas minimum wage and $13.38 (+184%) more than the Federal minimum wage.
Learn More About Shannon Hills, Arkansas Affordable Housing ↓

How many renters live in Shannon Hills, Arkansas?

The City of Shannon Hills has people living in households.

There are renters living in renter households in this City. Renters make up 11.92 percent of the population living in Shannon Hills.

What is the rental market like in Shannon Hills, Arkansas?

There are an estimated housing units in the Shannon Hills area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Shannon Hills, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Shannon Hills?

The rental vacancy rate in Shannon Hills is 0 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 Shannon Hills for each bedroom size?

Occupied Rental Units by Size in Shannon Hills
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 51 22 79
Occupied Rental Units by Size in Shannon Hills

A large number of apartments in Shannon Hills 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 Shannon Hills

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $944 to $1,717. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $944
One BR $950
Two BR $1,089
Three BR $1,454
Four BR $1,717
2024 Fair Market Rents in Shannon Hills, Arkansas

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

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
Two BR 24 47 percent
Rental Units Below FMR in Shannon Hills, Arkansas

How many affordable rental units are in Shannon Hills?

Income Based Apartments in Shannon Hills, Arkansas

Shannon Hills 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 Shannon Hills, Arkansas

There are 197 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Shannon Hills.

Housing Choice Vouchers in Shannon Hills, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Shannon Hills, Arkansas for a two-bedroom apartment is between $980 and $1,198.

Sourced from federal housing data and AffordableHousingOnline.com research.