Low Income Apartments and Affordable Housing For Rent in Mabank, TX

Discover affordable housing in Mabank where there are 6+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Gardens of Mabank

120 Gardendale, Mabank, Texas 75147

Lake Ridge Apartments

401 N 3rd St, Mabank, Texas 75147

Meadowlake Village Apartments

209 S Grand Ave, Mabank, Texas 75147

The Bluestone Apartments

1000 Blue Stone Cir, Mabank, Texas 75147

Pecan Grove Village Apartments

401 N 3rd St, Mabank, Texas 75147

Housing Authority of Mabank Public Properties

200 E Jack St, Mabank, Texas 75147

calendar_today Opened: Feb 1
Open Until Further Notice

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Mabank, Texas
$33.30/hour
$26.05 (+359%) more than Texas minimum wage and $26.05 (+359%) more than the Federal minimum wage.
Learn More About Mabank, Texas Affordable Housing ↓

What HUD offices serve Mabank, Texas?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Public Housing programs for Mabank, Texas.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Mabank, Texas.

Go to the Texas Public Housing and Low-Income Apartments Waiting Lists page for openings near Mabank.

How many renters live in Mabank, Texas?

The City of Mabank has 3,892 people living in 1,317 households.

There are 2,306 renters living in 734 renter households in this City. Renters make up 59.25 percent of the population living in Mabank.

What is the rental market like in Mabank, Texas?

There are an estimated 1,481 housing units in the Mabank area. Of these, 787 units are rental homes, making up 53 percent of the housing market. For every renter household in Mabank, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Mabank?

The rental vacancy rate in Mabank is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Mabank for each bedroom size?

Occupied Rental Units by Size in Mabank
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
26 128 319 261 0
Occupied Rental Units by Size in Mabank

A large number of apartments in Mabank have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Mabank are overburdened by housing costs?

Among renter households in this market, 55 percent have housing cost burden. Further, 16 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Mabank

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $781 to $1,491. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $781
One BR $808
Two BR $1,016
Three BR $1,346
Four BR $1,491
2024 Fair Market Rents in Mabank, Texas

How many units are rented at Fair Market Rent (FMR) in Mabank?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 26 100 percent
One BR 128 100 percent
Two BR 319 100 percent
Rental Units Below FMR in Mabank, Texas

How many affordable rental units are in Mabank?

There are a variety of federal affordable housing programs serving households in Mabank, Texas including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 190
Public Housing 16
Section 8 Project-Based Rental Assistance 30
USDA Section 515 Rural Rental Housing 82
Tracked Units by Federal Program in Mabank, Texas

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Mabank, Texas

Mabank features 140 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Mabank, Texas

There are 112 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mabank.

Housing Choice Vouchers in Mabank, Texas

On average, Section 8 Housing Choice vouchers pay Mabank landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Mabank.

The maximum amount a voucher would pay on behalf of a low-income tenant in Mabank, Texas for a two-bedroom apartment is between $1,582 and $1,934.

Sourced from federal housing data and AffordableHousingOnline.com research.