Affordable Housing In Burnet County
Texas

15 Low Income Apartment Communities In Burnet County

Highland Oaks Apartments

1600 Mustang Dr
Marble Falls, TX
$607-721
1-2 BR
55+
HCV Welcome

Northgate Apartments

105 Northgate Circle
Burnet, TX
$458-535
1-2 BR
HCV Welcome

Rhomberg II Apartments

806 North Rhomberg
Burnet, TX
Call For Rent
1-2 BR

Rhomberg Apartments

806 N Rhomberg St
Burnet, TX
Subsidized

Rivercrest Apartments

1102 Avenue K
Marble Falls, TX
Subsidized

Highview Retirement Village Apartments

200 Highway 1431
Marble Falls, TX
62+
Accessible
Elderly Supportive Housing
Subsidized

Race Street Lofts

1110 Broadway St
Marble Falls, TX
HCV Welcome

Creekside Apartments

103 N Hill St
Burnet, TX
HCV Welcome

Marble Falls Housing Dev Cor

1106 Brazos
Marble Falls, TX
HCV Welcome

Alta Vista I and II

1001 Pecan Valley Dr
Marble Falls, TX
Subsidized

There are 15 low income housing apartment complexes which contain 762 affordable apartments for rent in Burnet County. Many of these rental apartments are income based housing with 279 apartments that set rent based on your income. In Burnet County, HUD housing programs support 60 rental assistance apartments through programs like Project-based Section 8. There are 483 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Other Housing Authorities located in Burnet County

Housing Authority Programs
Marble Falls Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Burnet Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Burnet County, Texas

Burnet County, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 15
Total Low Income Apartments 762
Total Rent Assisted Apartments 279
Percentage of Housing Units Occupied By Renters 27.06%
Average Renter Household Size 2.74
Total Population 44,144
Housing Units 16,940
Average Household Size 2.58
Median Household Income $49,732 ±$3,192
Median Rent $847 ±$42
Percentage Of Renters Overburdened 38.44% ± 6.73pp

Population and Household Demographics

Burnet County is a County in Texas with a population of 44,144. There are 16,940 households in the county with an average household size of 2.58 persons. 27.06% of households in Burnet County are renters.

Income and Rent Overburden in Burnet County

The median gross income for households in Burnet County is $49,732 a year, or $4,144 a month. The median rent for the county is $847 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Burnet County, a household making less than $2,823 a month would be considered overburdened when renting an apartment at or above the median rent. 38.44% of households who rent are overburdened in Burnet County.1

Area Median Income In Burnet 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 Burnet County, HUD calculates the Area Median Income for a family of four as $66,800

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 Burnet 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 Burnet County HUD Rental Assistance in Burnet County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,050 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,400 $26,750 $30,100 $33,400 $36,100 $38,750 $41,450 $44,100
80% of Median $37,450 $42,800 $48,150 $53,450 $57,750 $62,050 $66,300 $70,600
Low Income Housing Tax Credits in Burnet County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2001 to 2005, 4 low income apartment communities containing 487 rental apartments have been constructed and made affordable to low income persons in Burnet County by the Low Income Housing Tax Credit Program.

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 Burnet County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,400 $26,750 $30,100 $33,400 $36,100 $38,750 $41,450 $44,100
60% of Median $28,080 $32,100 $36,120 $40,080 $43,320 $46,500 $49,740 $52,920

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 Burnet County is $36,120 a year, or $3,010 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,010 by 30% to get a maximum rent of $903 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% $585 $627 $753 $869 $969 $1,069
60% $702 $752 $903 $1,043 $1,163 $1,283
Fair Market Rents in Burnet 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
$705 $723 $828 $1,188 $1,298

Cities In Burnet County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Burnet 7 The HUD funded Public Housing Agency that serves Burnet is the Burnet Housing Authority.
Marble Falls 8 The HUD funded Public Housing Agency that serves Marble Falls is the Marble Falls Housing Authority.
Bertram 0
Cottonwood Shores 0
Granite Shoals 0
Highland Haven 0
Horseshoe Bay 0
Meadowlakes 0