Low Income Apartments and Affordable Housing For Rent in Sharp County, AR

Discover affordable housing in Sharp County where there are 0+ 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.

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Sharp County, Arkansas
$15.42/hour
$4.42 (+40%) more than Arkansas minimum wage and $8.17 (+113%) more than the Federal minimum wage.
Learn More About Sharp County, Arkansas Affordable Housing ↓

What HUD offices serve Sharp County, 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Sharp County, Arkansas.

Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Sharp County.

How many renters live in Sharp County, Arkansas?

The County of Sharp County has 17,422 people living in 6,901 households.

There are 3,403 renters living in 1,364 renter households in this County. Renters make up 19.53 percent of the population living in Sharp County.

What is the rental market like in Sharp County, Arkansas?

There are an estimated 9,535 housing units in the Sharp County area. Of these, 1,426 units are rental homes, making up 15 percent of the housing market. For every renter household in Sharp County, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Sharp County?

The rental vacancy rate in Sharp County is 4 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 Sharp County for each bedroom size?

Occupied Rental Units by Size in Sharp County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
59 209 506 492 28
Occupied Rental Units by Size in Sharp County

A large number of apartments in Sharp County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Sharp County are overburdened by housing costs?

Among renter households in this market, 30 percent have housing cost burden. Further, 12 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Sharp County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $611 to $1,290. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $611
One BR $620
Two BR $814
Three BR $1,000
Four BR $1,290
2024 Fair Market Rents in Sharp County, Arkansas

How many units are rented at Fair Market Rent (FMR) in Sharp County?

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
Studio 51 86 percent
One BR 155 74 percent
Two BR 321 63 percent
Rental Units Below FMR in Sharp County, Arkansas

How many affordable rental units are in Sharp County?

There are a variety of federal affordable housing programs serving households in Sharp County, Arkansas including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 223
Section 8 Project-Based Rental Assistance 8
Section 202 Supportive Housing for the Elderly 28
Section 811 Supportive Housing for Persons with Disabilities 10
USDA Section 515 Rural Rental Housing 98
Tracked Units by Federal Program in Sharp County, Arkansas

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Sharp County, Arkansas

Sharp County 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 Sharp County, Arkansas

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

Housing Choice Vouchers in Sharp County, Arkansas

On average, Section 8 Housing Choice vouchers pay Sharp County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Sharp County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Sharp County, Arkansas for a two-bedroom apartment is between $733 and $895.

Sourced from federal housing data and AffordableHousingOnline.com research.