How many renters live in Cove, Texas?
The City of Cove has people living in households.
There are renters living in renter households in this City. Renters make up 37.59 percent of the population living in Cove.
What is the rental market like in Cove, Texas?
There are an estimated housing units in the Cove area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Cove, Texas, there are 1.51 rental units.
What is the vacancy rate for rentals in Cove?
The rental vacancy rate in Cove is 34 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 Cove for each bedroom size?
Occupied Rental Units by Size in Cove
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 1 | 0 | 21 | 22 | 3 |
Occupied Rental Units by Size in Cove
A large number of apartments in Cove have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Cove
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,073 to $2,303. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,073 |
| One BR | $1,135 |
| Two BR | $1,357 |
| Three BR | $1,792 |
| Four BR | $2,303 |
2024 Fair Market Rents in Cove, Texas
How many units are rented at Fair Market Rent (FMR) in Cove?
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 | 0 | 100 percent |
| Two BR | 17 | 81 percent |
Rental Units Below FMR in Cove, Texas
How many affordable rental units are in Cove?
Income Based Apartments in Cove, Texas
Cove 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 Cove, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cove.
Housing Choice Vouchers in Cove, Texas
On average, Section 8 Housing Choice vouchers pay Cove landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cove.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cove, Texas for a two-bedroom apartment is between $1,221 and $1,493.
Sourced from federal housing data and AffordableHousingOnline.com research.