How many renters live in St Jo, Texas?
The City of St Jo has 904 people living in 328 households.
There are 199 renters living in 87 renter households in this City. Renters make up 22.01 percent of the population living in St Jo.
What is the rental market like in St Jo, Texas?
There are an estimated 419 housing units in the St Jo area. Of these, 97 units are rental homes, making up 23 percent of the housing market. For every renter household in St Jo, Texas, there are 1 rental units.
What is the vacancy rate for rentals in St Jo?
The rental vacancy rate in St Jo is 10 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 St Jo for each bedroom size?
Occupied Rental Units by Size in St Jo
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 32 | 34 | 12 | 9 |
Occupied Rental Units by Size in St Jo
A large number of apartments in St Jo 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 St Jo are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 31 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 St Jo
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $868 to $1,706. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $868 |
| One BR | $874 |
| Two BR | $1,148 |
| Three BR | $1,553 |
| Four BR | $1,706 |
2024 Fair Market Rents in St Jo, Texas
How many units are rented at Fair Market Rent (FMR) in St Jo?
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 |
| One BR | 32 | 100 percent |
| Two BR | 17 | 50 percent |
Rental Units Below FMR in St Jo, Texas
How many affordable rental units are in St Jo?
There are a variety of federal affordable housing programs serving households in St Jo, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 24 |
| USDA Section 515 Rural Rental Housing | 24 |
Tracked Units by Federal Program in St Jo, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in St Jo, Texas
St Jo features 24 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 St Jo, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in St Jo.
Housing Choice Vouchers in St Jo, Texas
On average, Section 8 Housing Choice vouchers pay St Jo landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in St Jo.
The maximum amount a voucher would pay on behalf of a low-income tenant in St Jo, Texas for a two-bedroom apartment is between $1,033 and $1,263.
Sourced from federal housing data and AffordableHousingOnline.com research.
