How many renters live in Seminole, Texas?
The City of Seminole has 7,024 people living in 2,649 households.
There are 1,440 renters living in 752 renter households in this City. Renters make up 20.5 percent of the population living in Seminole.
What is the rental market like in Seminole, Texas?
There are an estimated 2,830 housing units in the Seminole area. Of these, 855 units are rental homes, making up 30 percent of the housing market. For every renter household in Seminole, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Seminole?
The rental vacancy rate in Seminole is 12 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 Seminole for each bedroom size?
Occupied Rental Units by Size in Seminole
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 14 | 138 | 465 | 109 | 26 |
Occupied Rental Units by Size in Seminole
A large number of apartments in Seminole 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 Seminole are overburdened by housing costs?
Among renter households in this market, 32 percent have housing cost burden. Further, 13 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 Seminole
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $735 to $1,403. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $735 |
| One BR | $760 |
| Two BR | $944 |
| Three BR | $1,141 |
| Four BR | $1,403 |
2024 Fair Market Rents in Seminole, Texas
How many units are rented at Fair Market Rent (FMR) in Seminole?
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 | 0 | 100 percent |
| One BR | 51 | 37 percent |
| Two BR | 243 | 52 percent |
Rental Units Below FMR in Seminole, Texas
How many affordable rental units are in Seminole?
There are a variety of federal affordable housing programs serving households in Seminole, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 60 |
| USDA Section 515 Rural Rental Housing | 58 |
Tracked Units by Federal Program in Seminole, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Seminole, Texas
Seminole features 58 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 Seminole, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Seminole.
Housing Choice Vouchers in Seminole, Texas
On average, Section 8 Housing Choice vouchers pay Seminole landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Seminole.
The maximum amount a voucher would pay on behalf of a low-income tenant in Seminole, Texas for a two-bedroom apartment is between $850 and $1,038.
Sourced from federal housing data and AffordableHousingOnline.com research.
