Affordable Housing In Bailey County
Texas

1 Low Income Apartment Communities In Bailey County

Harmon Elliott Complex

901 W Avenue K
Muleshoe, TX
Subsidized
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Housing Authorities that serve Bailey County

Housing Authority Programs
South Plains Regional Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Bailey County, Texas

According to federal housing data and AffordableHousingOnline.com research, there are 1 low income housing apartment communities offering 16 affordable apartments for rent in Bailey County, Texas. Bailey County features 16 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Bailey County.

Bailey County, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 16
Total Housing Units with Rental Assistance 16
Percentage of Housing Units Occupied By Renters 30.64%
Average Renter Household Size 3.18
Average Household Size 2.92
Median Household Income $37,397 ±$8,652
Median Rent $683 ±$147
Percentage Of Renters Overburdened 36.29% ± 16.62pp
Total Population 7,126

Population and Household Demographics

Bailey County is a County in Texas with a population of 7,126. There are 2,392 households in the county with an average household size of 2.92 persons. 30.64% of households in Bailey County are renters.

Income and Rent Overburden in Bailey County

The median gross income for households in Bailey County is $37,397 a year, or $3,116 a month. The median rent for the county is $683 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bailey County, a household making less than $2,277 a month would be considered overburdened when renting an apartment at or above the median rent. 36.29% of households who rent are overburdened in Bailey County.1

Area Median Income In Bailey County

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.

In Bailey County, HUD calculates the Area Median Income for a family of four as $50,600

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 Bailey County

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 Bailey County HUD Rental Assistance in Bailey County

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

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Bailey County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,550 $23,500 $26,450 $29,350 $31,700 $34,050 $36,400 $38,750
60% of Median $24,660 $28,200 $31,740 $35,220 $38,040 $40,860 $43,680 $46,500

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Bailey County is $31,740 a year, or $2,645 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,645 by 30% to get a maximum rent of $794 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $514 $551 $661 $763 $851 $939
60% $617 $661 $794 $916 $1,022 $1,127
Fair Market Rents in Bailey County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$529 $627 $714 $1,030 $1,074

Cities In Bailey County

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City Listings Served By
Muleshoe 1