About This Property
Prescott Apts comprises 12 two-bedroom units designated as low-income housing in Prescott, Arkansas. The property has been in service since 2004 and utilizes 4% Low-Income Housing Tax Credits (LIHTC) to support its affordability. All 12 units serve low-income residents.
Waitlist Information
Waitlist managed by Housing Authority of the City of Prescott
The PHA has preferences for elderly, disabled, and working families. Applicants receive a confirmation number.
No current information found regarding preferences, restrictions, or lottery for the closed waiting list.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
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 |
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Tax Credit Program Details
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 Prescott Apts is typically 30% of household income or less.
What size apartments are available at Prescott Apts?+
Prescott Apts offers the following unit types: 12 Two-Bedroom units, for a total of 12 units.
What is the price range for apartments in Prescott, AR?+
Based on Fair Market Rent for Nevada County, the estimated price range is: 2-bedroom: $881. Actual rent at Prescott Apts may be lower for income-eligible households.
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.
How do I apply for housing at Prescott Apts?+
Prescott Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Is there a waitlist for Prescott Apts?+
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.
Who manages Prescott Apts?+
Prescott Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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