What HUD offices serve Bullard, 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.
Go to the Texas Public Housing and Low-Income Apartments Waiting Lists page for openings near Bullard.
How many renters live in Bullard, Texas?
The City of Bullard has 3,573 people living in 1,069 households.
There are 674 renters living in 229 renter households in this City. Renters make up 18.86 percent of the population living in Bullard.
What is the rental market like in Bullard, Texas?
There are an estimated 1,200 housing units in the Bullard area. Of these, 289 units are rental homes, making up 24 percent of the housing market. For every renter household in Bullard, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Bullard?
The rental vacancy rate in Bullard 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 Bullard for each bedroom size?
Occupied Rental Units by Size in Bullard
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 20 | 31 | 139 | 39 |
Occupied Rental Units by Size in Bullard
A large number of apartments in Bullard 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 Bullard are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 25 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 Bullard
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $966 to $1,912. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $966 |
| One BR | $1,009 |
| Two BR | $1,235 |
| Three BR | $1,621 |
| Four BR | $1,912 |
2024 Fair Market Rents in Bullard, Texas
How many units are rented at Fair Market Rent (FMR) in Bullard?
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 |
| One BR | 15 | 75 percent |
| Two BR | 31 | 100 percent |
Rental Units Below FMR in Bullard, Texas
How many affordable rental units are in Bullard?
There are a variety of federal affordable housing programs serving households in Bullard, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 48 |
| USDA Section 515 Rural Rental Housing | 48 |
Tracked Units by Federal Program in Bullard, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Bullard, Texas
Bullard features 48 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 Bullard, Texas
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bullard.
Housing Choice Vouchers in Bullard, Texas
On average, Section 8 Housing Choice vouchers pay Bullard landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bullard.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bullard, Texas for a two-bedroom apartment is between $1,112 and $1,359.
Sourced from federal housing data and AffordableHousingOnline.com research.
