Low Income Apartments and Affordable Housing For Rent in Panola County, TX

Discover affordable housing in Panola County where there are 8+ 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.

Panola Seniors Community

700 Dixie Rd, Carthage, Texas 75633

Carthage Heights Apartments

801 S Adams St, Carthage, Texas 75633

Panola Apartments

1100 S Adams St, Carthage, Texas 75633

Tatum Square Apartments

360 W Sterling Price St, Tatum, Texas 75691

Beckville

433 Monroe Rd, Beckville, Texas 75631

101A McNeese Cir

101A McNeese Cir, Tatum, Texas 75691

Panola Square Seniors Community CO Mjs Mgmt

700 Dixie Lake Rd, Carthage, Texas 75633

The Woodland Apartments

700 Cottage Rd, Carthage, Texas 75633

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Panola County, Texas
$18.16/hour
$10.91 (+151%) more than Texas minimum wage and $10.91 (+151%) more than the Federal minimum wage.
Learn More About Panola County, Texas Affordable Housing ↓

What HUD offices serve Panola County, 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 Public Housing programs for Panola County, Texas.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Panola County, Texas.

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

How many renters live in Panola County, Texas?

The County of Panola County has 22,540 people living in 8,062 households.

There are 4,213 renters living in 1,569 renter households in this County. Renters make up 18.69 percent of the population living in Panola County.

What is the rental market like in Panola County, Texas?

There are an estimated 10,784 housing units in the Panola County area. Of these, 1,569 units are rental homes, making up 15 percent of the housing market. For every renter household in Panola County, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Panola County?

The rental vacancy rate in Panola County 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 Panola County for each bedroom size?

Occupied Rental Units by Size in Panola County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
38 400 448 620 50
Occupied Rental Units by Size in Panola County

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

Among renter households in this market, 38 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 Panola County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $725 to $1,365. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $725
One BR $730
Two BR $959
Three BR $1,189
Four BR $1,365
2024 Fair Market Rents in Panola County, Texas

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

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 38 100 percent
One BR 344 86 percent
Two BR 275 61 percent
Rental Units Below FMR in Panola County, Texas

How many affordable rental units are in Panola County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 144
Public Housing 16
Section 8 Project-Based Rental Assistance 32
USDA Section 515 Rural Rental Housing 184
Tracked Units by Federal Program in Panola County, Texas

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

Income Based Apartments in Panola County, Texas

Panola County features 183 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 Panola County, Texas

There are 72 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Panola County.

Housing Choice Vouchers in Panola County, Texas

On average, Section 8 Housing Choice vouchers pay Panola County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Panola County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Panola County, Texas for a two-bedroom apartment is between $863 and $1,055.

Sourced from federal housing data and AffordableHousingOnline.com research.