Low Income Apartments In Borden County
There are 0 low income housing apartment complexes which contain 0 affordable apartments for rent in Borden County, Texas. Many of these rental apartments are income based housing with about 0 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 0 Project-Based Section 8 subsidized apartments in Borden County. There are 0 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.
Guide To Affordable Housing in Borden County, Texas
Borden County, TX Affordable Housing Snapshot
|Total Affordable Apartment Properties||0|
|Total Low Income Apartments||0|
|Total Rent Assisted Apartments||0|
|Percentage of Housing Units Occupied By Renters||32.44%|
|Average Renter Household Size||3.75|
|Average Household Size||2.69|
|Median Household Income||$73,750 ±$8,208|
|Median Rent||$933 ±$686|
|Percentage Of Renters Overburdened||7.06% ± 27.08pp|
Population and Household Demographics
Borden County is a County in Texas with a population of 705. There are 262 households in the county with an average household size of 2.69 persons. 32.44% of households in Borden County are renters.
Income and Rent Overburden in Borden County
The median gross income for households in Borden County is $73,750 a year, or $6,146 a month. The median rent for the county is $933 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Borden County, a household making less than $3,110 a month would be considered overburdened when renting an apartment at or above the median rent. 7.06% of households who rent are overburdened in Borden County.1
Fair Market Rents in Borden 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.
2019 Fair Market Rents
|Studio||One BR||Two BR||Three BR||Four BR|