What HUD offices serve Three Rivers, 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 Three Rivers.
How many renters live in Three Rivers, Texas?
The City of Three Rivers has 1,546 people living in 723 households.
There are 563 renters living in 324 renter households in this City. Renters make up 36.42 percent of the population living in Three Rivers.
What is the rental market like in Three Rivers, Texas?
There are an estimated 975 housing units in the Three Rivers area. Of these, 412 units are rental homes, making up 42 percent of the housing market. For every renter household in Three Rivers, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Three Rivers?
The rental vacancy rate in Three Rivers is 19 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 Three Rivers for each bedroom size?
Occupied Rental Units by Size in Three Rivers
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 16 | 62 | 182 | 43 | 21 |
Occupied Rental Units by Size in Three Rivers
A large number of apartments in Three Rivers 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 Three Rivers are overburdened by housing costs?
Among renter households in this market, 23 percent have housing cost burden. Further, 9 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 Three Rivers
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $707 to $1,390. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $707 |
| One BR | $712 |
| Two BR | $935 |
| Three BR | $1,318 |
| Four BR | $1,390 |
2024 Fair Market Rents in Three Rivers, Texas
How many units are rented at Fair Market Rent (FMR) in Three Rivers?
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 | 13 | 81 percent |
| One BR | 39 | 63 percent |
| Two BR | 68 | 37 percent |
Rental Units Below FMR in Three Rivers, Texas
How many affordable rental units are in Three Rivers?
There are a variety of federal affordable housing programs serving households in Three Rivers, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 24 |
| Public Housing | 37 |
| USDA Section 515 Rural Rental Housing | 60 |
Tracked Units by Federal Program in Three Rivers, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Three Rivers, Texas
Three Rivers features 97 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 Three Rivers, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Three Rivers.
Housing Choice Vouchers in Three Rivers, Texas
On average, Section 8 Housing Choice vouchers pay Three Rivers landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Three Rivers.
The maximum amount a voucher would pay on behalf of a low-income tenant in Three Rivers, Texas for a two-bedroom apartment is between $842 and $1,029.
Sourced from federal housing data and AffordableHousingOnline.com research.
