Affordable Housing In Amherst
Lamb County, Texas

2 Low Income Apartment Communities In Amherst

Amherst Capital Lp

First & Madison
Amherst, Texas

Amherst Capital Apartments

1st St & Madison Ave
Amherst, Texas
Subsidized
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Guide To Affordable Housing in Amherst, Texas

There are 2 low income housing apartment communities offering 27 affordable apartments for rent in Amherst, Texas.

Income Based Apartments in Amherst, Texas

Amherst features 9 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 Amherst, Texas

There are 18 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Amherst.

Housing Choice Vouchers in Amherst, Texas

On average, Section 8 Housing Choice vouchers pay Amherst landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Amherst.

The maximum amount a voucher would pay on behalf of a low-income tenant in Amherst, Texas for a two-bedroom apartment is between $643 and $785.

2020 Amherst, Texas Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $529 $627 $714 $893 $967
Payment Standard Range $476 to $582 $564 to $690 $643 to $785 $804 to $982 $870 to $1,064

Sourced from federal housing data and AffordableHousingOnline.com research.

Amherst, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 27
Total Housing Units with Rental Assistance 9
Percentage of Housing Units Occupied By Renters 16.37%
Average Renter Household Size 3.33
Average Household Size 3.27
Median Household Income $44,904 ±$5,452
Median Rent $484 ±$135
Percentage Of Renters Overburdened 28.26% ± 50.94pp
Total Population 957

Population and Household Demographics

Amherst is a City in Lamb County, Texas with a population of 957. There are 281 households in the city with an average household size of 3.27 persons. 16.37% of households in Amherst are renters.

Income and Rent Overburden in Amherst

The median gross income for households in Amherst is $44,904 a year, or $3,742 a month. The median rent for the city is $484 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Amherst, a household making less than $1,613 a month would be considered overburdened when renting an apartment at or above the median rent. 28.26% of households who rent are overburdened in Amherst.1

Area Median Income In Amherst

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Amherst, the AMI is calculated from all households within Lamb County.

In Amherst, HUD calculates the Area Median Income for a family of four as $53,800

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Amherst

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Amherst

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $34,050 $36,400 $38,750
50% of Median $20,550 $23,500 $26,450 $29,350 $31,700 $34,050 $36,400 $38,750
80% of Median $32,900 $37,600 $42,300 $46,950 $50,750 $54,500 $58,250 $62,000