What HUD offices serve Rio Hondo, 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 Rio Hondo.
How many renters live in Rio Hondo, Texas?
The City of Rio Hondo has 2,295 people living in 775 households.
There are 660 renters living in 250 renter households in this City. Renters make up 28.76 percent of the population living in Rio Hondo.
What is the rental market like in Rio Hondo, Texas?
There are an estimated 873 housing units in the Rio Hondo area. Of these, 260 units are rental homes, making up 30 percent of the housing market. For every renter household in Rio Hondo, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Rio Hondo?
The rental vacancy rate in Rio Hondo is 4 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 Rio Hondo for each bedroom size?
Occupied Rental Units by Size in Rio Hondo
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 14 | 25 | 46 | 153 | 0 |
Occupied Rental Units by Size in Rio Hondo
A large number of apartments in Rio Hondo 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 Rio Hondo are overburdened by housing costs?
Among renter households in this market, 57 percent have housing cost burden. Further, 7 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 Rio Hondo
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 Rio Hondo, Texas
How many units are rented at Fair Market Rent (FMR) in Rio Hondo?
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 | 9 | 64 percent |
| One BR | 25 | 100 percent |
| Two BR | 28 | 61 percent |
Rental Units Below FMR in Rio Hondo, Texas
How many affordable rental units are in Rio Hondo?
There are a variety of federal affordable housing programs serving households in Rio Hondo, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 52 |
| Section 8 Project-Based Rental Assistance | 49 |
| USDA Section 515 Rural Rental Housing | 30 |
Tracked Units by Federal Program in Rio Hondo, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Rio Hondo, Texas
Rio Hondo features 80 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 Rio Hondo, Texas
There are 154 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rio Hondo.
Housing Choice Vouchers in Rio Hondo, Texas
On average, Section 8 Housing Choice vouchers pay Rio Hondo landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Rio Hondo.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rio Hondo, Texas for a two-bedroom apartment is between $869 and $1,062.
Sourced from federal housing data and AffordableHousingOnline.com research.
