Out of Reach

Out of Reach:

Rental Housing At What Cost?

October, 1998

Arkansas

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State and Metro Area Data

									Income Needed to Afford FMR						Estimated % Renters unable to afford FMR		Hourly Wage Needed to Afford		Percent of Federal Minimum Wage (@$5.15)		Work Hours/week Necessary at Minimum Wage
		FAIR MARKET RENTS BY NUMBER OF BEDROOMS							Amount		Percent of AMI		Estimated % of Renter median
	1990 RENTER HOUSEHOLDS	Zero	One	Two	Three	Four	1998 Area Median Income (HUD)	1998 Estimated Renter Median Income	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom
Arkansas	142,825	$ 335	$ 379	$ 467	$ 637	$ 715	$ 40,746	$ 27,798	$ 15,160	$ 18,680	37%	46%	55%	67%	28%	35%	$ 7.29	$ 8.98	142%	174%	57	70	Arkansas
METRO AREA																							METRO AREA
Fayetteville-Springdale-Rogers, AR	26,767	$ 301	$ 378	$ 497	$ 672	$ 696	$ 40,300	$ 28,575	$ 15,120.00	$ 19,880.00	38%	49%	53%	70%	28%	37%	$ 7.27	$ 9.56	141%	186%	56	74	Fayetteville-Springdale-Rogers, AR
Fort Smith, AR-OK	20,499	$ 298	$ 302	$ 397	$ 531	$ 557	$ 34,900	$ 23,242	$ 12,080.00	$ 15,880.00	35%	46%	52%	68%	28%	37%	$ 5.81	$ 7.63	113%	148%	45	59	Fort Smith, AR-OK
Jonesboro, AR	9,091	$ 305	$ 331	$ 390	$ 538	$ 568	$ 37,600	$ 25,500	$ 13,240.00	$ 15,600.00	35%	41%	52%	61%	28%	32%	$ 6.37	$ 7.50	124%	146%	49	58	Jonesboro, AR
Little Rock-North Little Rock, AR	68,616	$ 371	$ 411	$ 489	$ 676	$ 789	$ 43,500	$ 29,357	$ 16,440.00	$ 19,560.00	38%	45%	56%	67%	30%	35%	$ 7.90	$ 9.40	153%	183%	61	73	Little Rock-North Little Rock, AR
Pine Bluff, AR	9,880	$ 283	$ 336	$ 442	$ 558	$ 725	$ 35,100	$ 23,700	$ 13,400.00	$ 17,700.00	38%	50%	57%	75%	30%	39%	$ 6.44	$ 8.51	125%	165%	50	66	Pine Bluff, AR

County Data

					Income Needed to Afford FMR						Estimated % Renters unable to afford FMR
					Amount		Percent of AMI		Estimated % of Renter median
County	Metro Area	Renter Households, 1990	1998 Area Median Income (HUD)	1998 Estimated Renter Median Income	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	County
Benton County	Fayetteville-Sprin	10,101	$ 40,300	$ 28,700	$ 15,120	$ 19,880	38%	49%	53%	69%	28%	37%	Benton County
Craighead County	Jonesboro, AR	9,091	$ 37,600	$ 25,500	$ 13,240	$ 15,600	35%	41%	52%	61%	28%	32%	Craighead County
Crawford County	Fort Smith, AR-OK	3,601	$ 34,900	$ 22,900	$ 12,080	$ 15,880	35%	46%	53%	69%	28%	37%	Crawford County
Crittenden County	Memphis, TN-AR-MS	6,683	$ 45,000	$ 30,500	$ 15,800	$ 18,600	35%	41%	52%	61%	28%	32%	Crittenden County
Faulkner County	Little Rock-North	6,298	$ 43,500	$ 28,400	$ 16,440	$ 19,560	38%	45%	58%	69%	31%	37%	Faulkner County
Jefferson County	Pine Bluff, AR	9,880	$ 35,100	$ 23,700	$ 13,440	$ 17,680	38%	50%	57%	75%	31%	39%	Jefferson County
Lonoke County	Little Rock-North	3,547	$ 43,500	$ 28,800	$ 16,440	$ 19,560	38%	45%	57%	68%	31%	35%	Lonoke County
Miller County	Texarkana, TX-Texa	4,519	$ 36,300	$ 26,900	$ 14,760	$ 18,000	41%	50%	55%	67%	30%	35%	Miller County
Pulaski County	Little Rock-North	54,297	$ 43,500	$ 29,600	$ 16,440	$ 19,560	38%	45%	56%	66%	30%	35%	Pulaski County
Saline County	Little Rock-North	4,474	$ 43,500	$ 28,200	$ 16,440	$ 19,560	38%	45%	58%	69%	31%	37%	Saline County
Sebastian County	Fort Smith, AR-OK	13,668	$ 34,900	$ 23,200	$ 12,080	$ 15,880	35%	46%	52%	68%	28%	37%	Sebastian County
Washington County	Fayetteville-Sprin	16,666	$ 40,300	$ 28,500	$ 15,120	$ 19,880	38%	49%	53%	70%	28%	37%	Washington County

Click here to download a (Microsoft Excel 97) spreadsheet of these tables.

NOTES:

FMR = Fair Market Rent
AMI = Area Median Income, determined by HUD
HUD = Department of Housing and Urban Development
EST RTR MEDIAN = 1998 Estimated Renter Median Income, based on 1990 renter median income as percent of household median income
Income Needed to Afford = Affordability is based on the official 30%-of-income standard used in federal housing subsidy programs.
% Unable to Afford = percent ofrenter population whomust pay more than 30% of income for rent.
Wage calculations are based on a 40 hour week for 52 weeks per year.
The federal minimum wage is $5.15/hour.
Rows are shaded for navigational purposes only.

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