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

Discover affordable housing in Ferris where there are 1+ 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.

Western Hills Apartments

100 Ewing St, Ferris, Texas 75125

calendar_today Opened: Jan 21
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Ferris, 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 Ferris, Texas Affordable Housing ↓

What HUD offices serve Ferris, 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, Section 8 Project-Based Voucher (PBV), Mainstream Voucher programs for Ferris, Texas.
Operates the Public Housing programs for Ferris, Texas.
Operates the Section 8 Housing Choice Voucher (HCV), Homeownership Voucher, Family Self-Sufficiency programs for Ferris, Texas.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Ferris, Texas.

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

How many renters live in Ferris, Texas?

The City of Ferris has 2,785 people living in 886 households.

There are 1,328 renters living in 367 renter households in this City. Renters make up 47.68 percent of the population living in Ferris.

What is the rental market like in Ferris, Texas?

There are an estimated 997 housing units in the Ferris area. Of these, 367 units are rental homes, making up 37 percent of the housing market. For every renter household in Ferris, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Ferris?

The rental vacancy rate in Ferris is 0 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 Ferris for each bedroom size?

Occupied Rental Units by Size in Ferris
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
20 16 78 206 47
Occupied Rental Units by Size in Ferris

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

Among renter households in this market, 33 percent have housing cost burden. Further, 9 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 Ferris

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,426 to $2,847. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,426
One BR $1,500
Two BR $1,758
Three BR $2,212
Four BR $2,847
2024 Fair Market Rents in Ferris, Texas

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

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 15 75 percent
One BR 16 100 percent
Two BR 78 100 percent
Rental Units Below FMR in Ferris, Texas

How many affordable rental units are in Ferris?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
Public Housing 36
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Ferris, Texas

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

Income Based Apartments in Ferris, Texas

Ferris features 16 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 Ferris, Texas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ferris.

Housing Choice Vouchers in Ferris, Texas

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.