Low Income Apartments and Affordable Housing For Rent in Sparkman, AR

Discover affordable housing in Sparkman where there are 1+ 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.

Sparkman

204 S Commerce Ave, Sparkman, Arkansas 71763

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Sparkman, 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 Sparkman, Arkansas Affordable Housing ↓

What HUD offices serve Sparkman, 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) programs for Sparkman, Arkansas.

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

How many renters live in Sparkman, Arkansas?

The City of Sparkman has 523 people living in 166 households.

There are 134 renters living in 57 renter households in this City. Renters make up 25.62 percent of the population living in Sparkman.

What is the rental market like in Sparkman, Arkansas?

There are an estimated 219 housing units in the Sparkman area. Of these, 72 units are rental homes, making up 33 percent of the housing market. For every renter household in Sparkman, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Sparkman?

The rental vacancy rate in Sparkman is 21 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Sparkman for each bedroom size?

Occupied Rental Units by Size in Sparkman
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 22 18 14 0
Occupied Rental Units by Size in Sparkman

A large number of apartments in Sparkman 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 Sparkman are overburdened by housing costs?

Among renter households in this market, 26 percent have housing cost burden. Further, 21 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 Sparkman

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,148. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $620
Two BR $814
Three BR $1,147
Four BR $1,148
2024 Fair Market Rents in Sparkman, Arkansas

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

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
One BR 22 100 percent
Two BR 18 100 percent
Rental Units Below FMR in Sparkman, Arkansas

How many affordable rental units are in Sparkman?

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

Federal Program Unit Count
Public Housing 18
Tracked Units by Federal Program in Sparkman, Arkansas

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

Income Based Apartments in Sparkman, Arkansas

Sparkman features 18 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 Sparkman, Arkansas

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

Housing Choice Vouchers in Sparkman, Arkansas

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.