How many renters live in Smiley, Texas?
The City of Smiley has 514 people living in 210 households.
There are 116 renters living in 42 renter households in this City. Renters make up 22.57 percent of the population living in Smiley.
What is the rental market like in Smiley, Texas?
There are an estimated 227 housing units in the Smiley area. Of these, 42 units are rental homes, making up 19 percent of the housing market. For every renter household in Smiley, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Smiley?
The rental vacancy rate in Smiley 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 Smiley for each bedroom size?
Occupied Rental Units by Size in Smiley
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 33 | 6 | 3 |
Occupied Rental Units by Size in Smiley
A large number of apartments in Smiley 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 Smiley are overburdened by housing costs?
Among renter households in this market, 74 percent have housing cost burden. Further, 38 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 Smiley
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $647 to $1,536. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $647 |
| One BR | $749 |
| Two BR | $905 |
| Three BR | $1,275 |
| Four BR | $1,536 |
2024 Fair Market Rents in Smiley, Texas
How many units are rented at Fair Market Rent (FMR) in Smiley?
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 |
| Two BR | 15 | 45 percent |
Rental Units Below FMR in Smiley, Texas
How many affordable rental units are in Smiley?
There are a variety of federal affordable housing programs serving households in Smiley, Texas including the following:
| Federal Program | Unit Count |
| Public Housing | 17 |
| Section 8 Project-Based Rental Assistance | 1 |
Tracked Units by Federal Program in Smiley, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Smiley, Texas
Smiley features 17 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 Smiley, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Smiley.
Housing Choice Vouchers in Smiley, Texas
On average, Section 8 Housing Choice vouchers pay Smiley landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Smiley.
The maximum amount a voucher would pay on behalf of a low-income tenant in Smiley, Texas for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
