Walnut Square Apts — Income-Restricted Housing in Walnut Ridge, AR 72476

304 NW Memorial Ln, Walnut Ridge, AR 72476

Tax credit

24 units · 1 BR

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How to apply

  1. No phone is listed. Try visiting the property or asking the city housing office how to apply.
  2. These records do not show openings — call to confirm vacancies and waiting lists.

At this building

Opened
1990
Income limit
60% AMI
Bedrooms
24 1 bedroom

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Nearby income-restricted buildings

Rents and income limits in 72476

Fair market rent, 2 bedrooms
$940/mo
Income needed to pay it at 30% of income
$37,600/yr
Renters in 72476 paying 30% or more of income on rent
41%

Income limits (2026)

Lawrence County, AR area · median family income $62,600. Your household's yearly income before taxes must be at or below the limit.

PeopleExtremely low 30%Very low 50%Low 80%
1$15,960$24,900$39,850
2$21,640$28,450$45,550
3$27,320$32,000$51,250
4$33,000$35,550$56,900
5$38,400$38,400$61,500
6$41,250$41,250$66,050
7$44,100$44,100$70,600
8$46,950$46,950$75,150

Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.

Fair market rents (2027)

HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.

Size72476Wider area
Studio$730$646
1 bedroom$790$695
2 bedrooms$940$909
3 bedrooms$1,270$1,174
4 bedrooms$1,550$1,519

Wider area = Lawrence County, AR. Two-bedroom fair market rents in 4 nearby ZIPs range from $910 (72457) to $1,030 (72416).

Census figures for 72476 (2020–2024 average): median rent $784. Median household income $42,181. 42% of homes are rented. 41% of renters pay 30% or more of their income on rent, and 17% pay half or more.

Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.

Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.

Estimate your Section 8 rent share

Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 72476's fair market rent.

Estimate your Section 8 rent share for 72476

Frequently Asked Questions

How do I apply to Walnut Square Apts?

No phone is listed for Walnut Square Apts. Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.

Is Walnut Square Apts Section 8 housing?

Walnut Square Apts is listed as income-restricted housing in Walnut Ridge, AR 72476 (lihtc). It is not labeled as project-based Section 8 in this file. Call to ask which programs they run.

How many units are at Walnut Square Apts?

Public records list 24 units at Walnut Square Apts in Walnut Ridge, AR 72476. That is a building size, not a count of open apartments.

Are there other affordable apartments near Walnut Square Apts?

Yes — this page lists other income-restricted buildings in 72476 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.

People Also Ask

How do I get into Walnut Square Apts?

Call the number on this page and ask about the waiting list or how to apply at Walnut Square Apts in Walnut Ridge, AR 72476. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.

How do I qualify for affordable housing in Walnut Ridge, AR 72476?

Most income-restricted buildings in Walnut Ridge, AR 72476 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $24,900, and $35,550 for a 4-person household. Public housing can go up to 80% ($39,850 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.

What is the income limit for low-income housing in Walnut Ridge, AR 72476?

For many programs in Walnut Ridge, AR 72476, the 2026 HUD very low-income (50%) limit is $24,900 a year for 1 person and $35,550 for 4 people. The low-income (80%) limit is $39,850 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.

How much rent do you pay for low-income housing in Walnut Ridge, AR 72476?

In public housing and most Section 8 in Walnut Ridge, AR 72476, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Walnut Ridge, AR 72476 is $940 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.

Does Walnut Square Apts take Section 8 vouchers?

This file does not say that Walnut Square Apts has a project-based Section 8 contract. Some landlords in Walnut Ridge, AR 72476 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Walnut Square Apts.

Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction.