About This Property
Monark Village is an affordable housing community in Fort Smith, AR containing 10 units that have been in service since 1993. The property includes eight 3-bedroom units and two 4-bedroom units. This Sebastian County community is managed for residents seeking affordable rental housing options.
Waitlist Information
Waitlist managed by The Housing Authority of the City of Fort Smi
The waiting list for Scattered Site pre-applications has been open since July 2017. Preferences include working family, elderly, disabled, those terminated from HCV program due to insufficient funding, victims of domestic violence, victims of natural disaster, and homeless individuals.
The waiting list is open indefinitely. Preferences include working families, elderly, disabled, those terminated from HCV program due to insufficient funding, victims of domestic violence, victims of natural disaster, and homeless individuals.
Waitlist data provided by section8waitlist.org
Updated May 28, 2026
Property Details
Fair Market Rent - Sebastian 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 | $674 |
| 1 Bedroom | $678 |
| 2 Bedroom | $891 |
| 3 Bedroom | $1,222 |
| 4 Bedroom | $1,437 |
Income Limits - Sebastian County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,050
- Low (80%)
- $30,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,750
- Low (80%)
- $34,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,450
- Low (80%)
- $39,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,150
- Low (80%)
- $43,450
- Extremely Low (30%)
- $29,350
- Very Low (50%)
- $29,350
- Low (80%)
- $46,950
- Extremely Low (30%)
- $31,500
- Very Low (50%)
- $31,500
- Low (80%)
- $50,450
- Extremely Low (30%)
- $33,700
- Very Low (50%)
- $33,700
- Low (80%)
- $53,900
- Extremely Low (30%)
- $35,850
- Very Low (50%)
- $35,850
- Low (80%)
- $57,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,050 | $30,450 |
| 2 Persons | $17,420 | $21,750 | $34,800 |
| 3 Persons | $21,960 | $24,450 | $39,150 |
| 4 Persons | $26,500 | $27,150 | $43,450 |
| 5 Persons | $29,350 | $29,350 | $46,950 |
| 6 Persons | $31,500 | $31,500 | $50,450 |
| 7 Persons | $33,700 | $33,700 | $53,900 |
| 8 Persons | $35,850 | $35,850 | $57,400 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fort Smith, AR?+
The Fair Market Rent (FMR) for Sebastian County, AR is: $674 (Studio), $678 (1BR), $891 (2BR), $1222 (3BR), $1437 (4BR). Actual rent at subsidized properties like Monark Village is typically 30% of household income or less.
What size apartments are available at Monark Village?+
Monark Village offers the following unit types: 8 Three-Bedroom, 2 Four-Bedroom units, for a total of 10 units.
Who manages Monark Village?+
Monark Village is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Sebastian County, AR?+
For a 4-person household in Sebastian County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,150, Low Income (80% AMI): $43,450. These limits are set by HUD and updated annually.
What is the price range for apartments in Fort Smith, AR?+
Based on Fair Market Rent for Sebastian County, the estimated price range is: 3-bedroom: $1222. Actual rent at Monark Village may be lower for income-eligible households.
Is there a waitlist for Monark Village?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at Monark Village?+
Monark Village 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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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