Affordable Housing In Concho County
Guide To Affordable Housing in Concho County, Texas
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Concho County, Texas.
Income Based Apartments in Concho County, Texas
Concho County features 0 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 Concho County, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Concho County.
Housing Choice Vouchers in Concho County, Texas
On average, Section 8 Housing Choice vouchers pay Concho County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Concho County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Concho County, Texas for a two-bedroom apartment is between $756 and $924.
2020 Concho County, 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||$639||$664||$840||$1,108||$1,331|
|Payment Standard Range||$575 to $703||$598 to $730||$756 to $924||$997 to $1,219||$1,198 to $1,464|
Sourced from federal housing data and AffordableHousingOnline.com research.
Concho County, TX Affordable Housing Snapshot
|Total Affordable Apartment Properties||0|
|Total Low Income Apartments||0|
|Total Housing Units with Rental Assistance||0|
|Percentage of Housing Units Occupied By Renters||21.53%|
|Average Renter Household Size||3.81|
|Average Household Size||3.30|
|Median Household Income||$48,368 ±$5,302|
|Median Rent||$597 ±$126|
|Percentage Of Renters Overburdened||19.43% ± 15.84pp|
Population and Household Demographics
Concho County is a county in Texas with a population of 4,086. There are 813 households in the county with an average household size of 3.30 persons. 21.53% of households in Concho County are renters.
Income and Rent Overburden in Concho County
The median gross income for households in Concho County is $48,368 a year, or $4,031 a month. The median rent for the county is $597 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Concho County, a household making less than $1,990 a month would be considered overburdened when renting an apartment at or above the median rent. 19.43% of households who rent are overburdened in Concho County.
Area Median Income In Concho 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 Concho County, HUD calculates the Area Median Income for a family of four as $63,900
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 Concho 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 HUD Rental Assistance in Concho County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$13,450||$17,240||$21,720||$26,200||$30,680||$35,160||$39,640||$42,200|
|50% of Median||$22,400||$25,600||$28,800||$31,950||$34,550||$37,100||$39,650||$42,200|
|80% of Median||$35,800||$40,900||$46,000||$51,100||$55,200||$59,300||$63,400||$67,500|