What HUD offices serve Caddo Mills, Texas?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Texas Public Housing and Low-Income Apartments Waiting Lists page for openings near Caddo Mills.
How many renters live in Caddo Mills, Texas?
The City of Caddo Mills has 2,051 people living in 724 households.
There are 778 renters living in 276 renter households in this City. Renters make up 37.93 percent of the population living in Caddo Mills.
What is the rental market like in Caddo Mills, Texas?
There are an estimated 775 housing units in the Caddo Mills area. Of these, 310 units are rental homes, making up 40 percent of the housing market. For every renter household in Caddo Mills, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Caddo Mills?
The rental vacancy rate in Caddo Mills is 11 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Caddo Mills for each bedroom size?
Occupied Rental Units by Size in Caddo Mills
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 38 | 49 | 78 | 111 | 0 |
Occupied Rental Units by Size in Caddo Mills
A large number of apartments in Caddo Mills 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 Caddo Mills are overburdened by housing costs?
Among renter households in this market, 50 percent have housing cost burden. Further, 12 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 Caddo Mills
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,426 to $2,847. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,426 |
| One BR | $1,500 |
| Two BR | $1,758 |
| Three BR | $2,212 |
| Four BR | $2,847 |
2024 Fair Market Rents in Caddo Mills, Texas
How many units are rented at Fair Market Rent (FMR) in Caddo Mills?
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 | 38 | 100 percent |
| One BR | 45 | 92 percent |
| Two BR | 69 | 88 percent |
Rental Units Below FMR in Caddo Mills, Texas
How many affordable rental units are in Caddo Mills?
There are a variety of federal affordable housing programs serving households in Caddo Mills, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 40 |
| Public Housing | 20 |
| USDA Section 515 Rural Rental Housing | 40 |
Tracked Units by Federal Program in Caddo Mills, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Caddo Mills, Texas
Caddo Mills features 60 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 Caddo Mills, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Caddo Mills.
Housing Choice Vouchers in Caddo Mills, Texas
On average, Section 8 Housing Choice vouchers pay Caddo Mills landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Caddo Mills.
The maximum amount a voucher would pay on behalf of a low-income tenant in Caddo Mills, Texas for a two-bedroom apartment is between $1,582 and $1,934.
Sourced from federal housing data and AffordableHousingOnline.com research.
