How many renters live in Young County, Texas?
The County of Young County has 17,903 people living in 7,565 households.
There are 4,426 renters living in 1,992 renter households in this County. Renters make up 24.72 percent of the population living in Young County.
What is the rental market like in Young County, Texas?
There are an estimated 8,554 housing units in the Young County area. Of these, 2,043 units are rental homes, making up 24 percent of the housing market. For every renter household in Young County, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Young County?
The rental vacancy rate in Young County is 2 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 Young County for each bedroom size?
Occupied Rental Units by Size in Young County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 94 | 374 | 958 | 436 | 130 |
Occupied Rental Units by Size in Young County
A large number of apartments in Young County 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 Young County are overburdened by housing costs?
Among renter households in this market, 27 percent have housing cost burden. Further, 15 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 Young County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $744 to $1,393. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $744 |
| One BR | $799 |
| Two BR | $955 |
| Three BR | $1,261 |
| Four BR | $1,393 |
2024 Fair Market Rents in Young County, Texas
How many units are rented at Fair Market Rent (FMR) in Young County?
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 | 77 | 82 percent |
| One BR | 228 | 61 percent |
| Two BR | 627 | 65 percent |
Rental Units Below FMR in Young County, Texas
How many affordable rental units are in Young County?
There are a variety of federal affordable housing programs serving households in Young County, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 64 |
| Public Housing | 196 |
| Section 8 Project-Based Rental Assistance | 83 |
| USDA Section 515 Rural Rental Housing | 148 |
Tracked Units by Federal Program in Young County, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Young County, Texas
Young County features 376 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 Young County, Texas
There are 94 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Young County.
Housing Choice Vouchers in Young County, Texas
On average, Section 8 Housing Choice vouchers pay Young County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Young County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Young County, Texas for a two-bedroom apartment is between $860 and $1,051.
Sourced from federal housing data and AffordableHousingOnline.com research.
