How many renters live in Stephens, Arkansas?
The City of Stephens has people living in households.
There are renters living in renter households in this City. Renters make up 14 percent of the population living in Stephens.
What is the rental market like in Stephens, Arkansas?
There are an estimated housing units in the Stephens area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Stephens, Arkansas, there are 1.24 rental units.
What is the vacancy rate for rentals in Stephens?
The rental vacancy rate in Stephens is 20 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 Stephens for each bedroom size?
Occupied Rental Units by Size in Stephens
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 6 | 7 | 28 | 0 |
Occupied Rental Units by Size in Stephens
A large number of apartments in Stephens have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many units are rented at Fair Market Rent (FMR) in Stephens?
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 | 6 | 100 percent |
| Two BR | 4 | 57 percent |
Rental Units Below FMR in Stephens, Arkansas
How many affordable rental units are in Stephens?
There are a variety of federal affordable housing programs serving households in Stephens, Arkansas including the following:
| Federal Program | Unit Count |
| Public Housing |
Tracked Units by Federal Program in Stephens, Arkansas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Stephens, Arkansas
Stephens features 52 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 Stephens, Arkansas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stephens.
Housing Choice Vouchers in Stephens, Arkansas
On average, Section 8 Housing Choice vouchers pay Stephens landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Stephens.
The maximum amount a voucher would pay on behalf of a low-income tenant in Stephens, Arkansas for a two-bedroom apartment is between $733 and $895.
Sourced from federal housing data and AffordableHousingOnline.com research.