About This Property
North Terrace Addition is a public housing development in Prescott, AR consisting of 4 units designed to be accessible. The property is situated in Nevada County and serves residents seeking affordable housing options. All units meet accessibility standards.
Waitlist Information
Waitlist managed by Housing Authority of the City of Prescott
Preferences are given to elderly, disabled, and working families.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Nevada County, AR
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $653 |
| 1 Bedroom | $671 |
| 2 Bedroom | $881 |
| 3 Bedroom | $1,065 |
| 4 Bedroom | $1,243 |
Income Limits - Nevada County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $18,950
- Low (80%)
- $30,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,650
- Low (80%)
- $34,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,350
- Low (80%)
- $39,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,050
- Low (80%)
- $43,300
- Extremely Low (30%)
- $29,250
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $31,400
- Very Low (50%)
- $31,400
- Low (80%)
- $50,250
- Extremely Low (30%)
- $33,550
- Very Low (50%)
- $33,550
- Low (80%)
- $53,700
- Extremely Low (30%)
- $35,750
- Very Low (50%)
- $35,750
- Low (80%)
- $57,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $18,950 | $30,350 |
| 2 Persons | $17,420 | $21,650 | $34,650 |
| 3 Persons | $21,960 | $24,350 | $39,000 |
| 4 Persons | $26,500 | $27,050 | $43,300 |
| 5 Persons | $29,250 | $29,250 | $46,800 |
| 6 Persons | $31,400 | $31,400 | $50,250 |
| 7 Persons | $33,550 | $33,550 | $53,700 |
| 8 Persons | $35,750 | $35,750 | $57,200 |
Frequently Asked Questions
What is the average rent for affordable housing in Prescott, AR?+
The Fair Market Rent (FMR) for Nevada County, AR is: $653 (Studio), $671 (1BR), $881 (2BR), $1065 (3BR), $1243 (4BR). Actual rent at subsidized properties like North Terrace Addition is typically 30% of household income or less.
How many units does North Terrace Addition have?+
North Terrace Addition has a total of 4 housing units.
How do I apply for housing at North Terrace Addition?+
North Terrace Addition is a Public Housing property. To apply, you can start by calling 8708873718, or visiting their website, or contacting the property management office. You may need to submit an application and be placed on a waitlist. Eligibility is typically based on income, family size, and other factors.
What are the income limits for affordable housing in Nevada County, AR?+
For a 4-person household in Nevada County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,050, Low Income (80% AMI): $43,300. These limits are set by HUD and updated annually.
Is there a waitlist for North Terrace Addition?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the HUD inspection score for North Terrace Addition?+
North Terrace Addition has a HUD inspection score of 58 out of 100, which is considered below average. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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