What HUD offices serve Laguna Vista, 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 Laguna Vista.
How many renters live in Laguna Vista, Texas?
The City of Laguna Vista has 3,555 people living in 1,524 households.
There are 364 renters living in 206 renter households in this City. Renters make up 10.24 percent of the population living in Laguna Vista.
What is the rental market like in Laguna Vista, Texas?
There are an estimated 1,833 housing units in the Laguna Vista area. Of these, 228 units are rental homes, making up 12 percent of the housing market. For every renter household in Laguna Vista, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Laguna Vista?
The rental vacancy rate in Laguna Vista is 10 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 Laguna Vista for each bedroom size?
Occupied Rental Units by Size in Laguna Vista
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 21 | 114 | 71 | 0 |
Occupied Rental Units by Size in Laguna Vista
A large number of apartments in Laguna Vista 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 Laguna Vista are overburdened by housing costs?
Among renter households in this market, 26 percent have housing cost burden. Further, 12 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 Laguna Vista
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $660 to $1,374. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $660 |
| One BR | $761 |
| Two BR | $965 |
| Three BR | $1,270 |
| Four BR | $1,374 |
2024 Fair Market Rents in Laguna Vista, Texas
How many units are rented at Fair Market Rent (FMR) in Laguna Vista?
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 | 21 | 100 percent |
| Two BR | 75 | 66 percent |
Rental Units Below FMR in Laguna Vista, Texas
How many affordable rental units are in Laguna Vista?
There are a variety of federal affordable housing programs serving households in Laguna Vista, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 64 |
| USDA Section 515 Rural Rental Housing | 64 |
Tracked Units by Federal Program in Laguna Vista, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Laguna Vista, Texas
Laguna Vista features 64 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 Laguna Vista, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Laguna Vista.
Housing Choice Vouchers in Laguna Vista, Texas
On average, Section 8 Housing Choice vouchers pay Laguna Vista landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Laguna Vista.
The maximum amount a voucher would pay on behalf of a low-income tenant in Laguna Vista, Texas for a two-bedroom apartment is between $869 and $1,062.
Sourced from federal housing data and AffordableHousingOnline.com research.
