. Low Income Apartments For Rent in Wabbaseka, Arkansas - Affordable Housing Online

Cypress Point Apartments

216 School St
Wabbaseka, Arkansas
Rent Assisted
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There are 8 low-income apartments in Wabbaseka that offer reduced rents to eligible households.

Rental assistance programs support 0 low-income homes in Wabbaseka where households pay rent based on how much they earn.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Wabbaseka, Arkansas Affordable Housing Data

Income Based Apartments in Wabbaseka, Arkansas

Wabbaseka 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 Wabbaseka, Arkansas

There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wabbaseka.

Housing Choice Vouchers in Wabbaseka, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Wabbaseka, Arkansas for a two-bedroom apartment is between $734 and $897.

2023 Wabbaseka, 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
Wabbaseka, Arkansas Fair Market Rent $580 $619 $815 $1,026 $1,095
Wabbaseka, Arkansas Payment Standard Range $522 to $638 $557 to $681 $734 to $897 $923 to $1,129 $986 to $1,205

Sourced from federal housing data and AffordableHousingOnline.com research.

Wabbaseka, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 8
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 31.3%
Average Renter Household Size 2.81
Average Household Size 2.28
Median Household Income $19,875 ±$6,508
Median Rent $469 ±$130
Percentage Of Renters Overburdened 66.67% ± 31.5pp
Total Population 262

Population and Household Demographics

Wabbaseka is a city in Jefferson County, Arkansas with a population of 262. There are 115 households in the city with an average household size of 2.28 persons. 31.3% of households in Wabbaseka are renters.

Income and Rent Overburden in Wabbaseka

The median gross income for households in Wabbaseka is $19,875 a year, or $1,656 a month. The median rent for the city is $469 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wabbaseka, a household making less than $1,563 a month would be considered overburdened when renting an apartment at or above the median rent. 66.67% of households who rent are overburdened in Wabbaseka.

Area Median Income In Wabbaseka

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Wabbaseka, the AMI is calculated from all households within Jefferson County.

In Wabbaseka, HUD calculates the Area Median Income for a family of four as $73,100

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 Wabbaseka

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 Wabbaseka

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30% AMI Income Limits
Renters earning up to 30% of the Wabbaseka AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,400 $36,950 $39,500 $42,050
50% AMI Income Limits
Renters earning up to 50% of the Wabbaseka AMI may qualify for rental assistance programs that target Very Low Income households.
$22,300 $25,500 $28,700 $31,850 $34,400 $36,950 $39,500 $42,050
80% AMI Income Limits
Renters earning up to 80% of the Wabbaseka AMI may qualify for rental assistance programs that target Low Income households.
$35,700 $40,800 $45,900 $50,950 $55,050 $59,150 $63,200 $67,300