How many renters live in Liberty Hill, Texas?
The City of Liberty Hill has 5,265 people living in 1,447 households.
There are 2,540 renters living in 586 renter households in this City. Renters make up 48.24 percent of the population living in Liberty Hill.
What is the rental market like in Liberty Hill, Texas?
There are an estimated 1,522 housing units in the Liberty Hill area. Of these, 598 units are rental homes, making up 39 percent of the housing market. For every renter household in Liberty Hill, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Liberty Hill?
The rental vacancy rate in Liberty Hill is 2 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 Liberty Hill for each bedroom size?
Occupied Rental Units by Size in Liberty Hill
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 15 | 48 | 151 | 216 | 156 |
Occupied Rental Units by Size in Liberty Hill
A large number of apartments in Liberty Hill 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 Liberty Hill are overburdened by housing costs?
Among renter households in this market, 19 percent have housing cost burden. Further, 10 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 Liberty Hill
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,519 to $2,840. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,519 |
| One BR | $1,635 |
| Two BR | $1,924 |
| Three BR | $2,470 |
| Four BR | $2,840 |
2024 Fair Market Rents in Liberty Hill, Texas
How many units are rented at Fair Market Rent (FMR) in Liberty Hill?
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 | 100 percent |
| One BR | 48 | 100 percent |
| Two BR | 137 | 91 percent |
Rental Units Below FMR in Liberty Hill, Texas
How many affordable rental units are in Liberty Hill?
There are a variety of federal affordable housing programs serving households in Liberty Hill, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 76 |
Tracked Units by Federal Program in Liberty Hill, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Liberty Hill, Texas
Liberty Hill features 0 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 Liberty Hill, Texas
There are 295 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Liberty Hill.
Housing Choice Vouchers in Liberty Hill, Texas
On average, Section 8 Housing Choice vouchers pay Liberty Hill landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Liberty Hill.
The maximum amount a voucher would pay on behalf of a low-income tenant in Liberty Hill, Texas for a two-bedroom apartment is between $1,732 and $2,116.
Sourced from federal housing data and AffordableHousingOnline.com research.
