Low Income Apartments and Affordable Housing For Rent in Mineral Wells, TX

Discover affordable housing in Mineral Wells where there are 7+ 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.

Royal Gardens Mineral Wells

1500 SE Martin Luther King Jr St, Mineral Wells, Texas 76067

Cedar View Apartments

1701 Highway 180 West, Mineral Wells, Texas 76067

Southridge Apartments

103 SE 19th St, Mineral Wells, Texas 76067

Sandstone Foothills

402 Brazos Drive, Mineral Wells, Texas 76067

Mineral Wells Pioneer Crossing

2509 E Hubbard St, Mineral Wells, Texas 76067

Heritage Manor Apts

2503 Se 7th St, Mineral Wells, Texas

201 NE 27th St

201 NE 27th St, Mineral Wells, Texas 76067

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Mineral Wells, Texas
$19.91/hour
$12.66 (+175%) more than Texas minimum wage and $12.66 (+175%) more than the Federal minimum wage.
Learn More About Mineral Wells, Texas Affordable Housing ↓

What HUD offices serve Mineral Wells, 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 Section 8 Housing Choice Voucher (HCV), Public Housing programs for Mineral Wells, Texas.

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

How many renters live in Mineral Wells, Texas?

The City of Mineral Wells has 15,049 people living in 5,209 households.

There are 6,096 renters living in 2,156 renter households in this City. Renters make up 40.51 percent of the population living in Mineral Wells.

What is the rental market like in Mineral Wells, Texas?

There are an estimated 6,043 housing units in the Mineral Wells area. Of these, 2,216 units are rental homes, making up 37 percent of the housing market. For every renter household in Mineral Wells, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Mineral Wells?

The rental vacancy rate in Mineral Wells is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Mineral Wells for each bedroom size?

Occupied Rental Units by Size in Mineral Wells
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
53 300 981 734 85
Occupied Rental Units by Size in Mineral Wells

A large number of apartments in Mineral Wells 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 Mineral Wells are overburdened by housing costs?

Among renter households in this market, 44 percent have housing cost burden. Further, 24 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 Mineral Wells

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $795 to $1,705. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $795
One BR $800
Two BR $1,051
Three BR $1,305
Four BR $1,705
2024 Fair Market Rents in Mineral Wells, Texas

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

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 0 100 percent
One BR 251 84 percent
Two BR 651 66 percent
Rental Units Below FMR in Mineral Wells, Texas

How many affordable rental units are in Mineral Wells?

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

Federal Program Unit Count
Low Income Housing Tax Credit 307
Public Housing 58
Section 8 Project-Based Rental Assistance 39
USDA Section 515 Rural Rental Housing 76
Tracked Units by Federal Program in Mineral Wells, Texas

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

Income Based Apartments in Mineral Wells, Texas

Mineral Wells features 176 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 Mineral Wells, Texas

There are 227 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mineral Wells.

Housing Choice Vouchers in Mineral Wells, Texas

On average, Section 8 Housing Choice vouchers pay Mineral Wells landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Mineral Wells.

The maximum amount a voucher would pay on behalf of a low-income tenant in Mineral Wells, Texas for a two-bedroom apartment is between $946 and $1,156.

Sourced from federal housing data and AffordableHousingOnline.com research.