Affordable Housing In Edgewood
Van Zandt County, Texas

2 Low Income Apartment Communities In Edgewood

Edgewood Estates Apartments

503 Crooked Creek Rd
Edgewood, TX
Call For Rent
1-2 BR
HCV Welcome
Subsidized

Edgewood Seniors Community

300 E Elm St
Edgewood, TX
HCV Welcome
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Housing Authorities that serve Edgewood

Housing Authority Programs
Housing Authority of Edgewood Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Edgewood, Texas

There are 2 low income housing apartment communities offering 46 affordable apartments for rent in Edgewood, Texas. Edgewood features 22 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 24 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Edgewood.

Sourced from federal housing data and AffordableHousingOnline.com research.

Edgewood, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 46
Total Housing Units with Rental Assistance 22
Percentage of Housing Units Occupied By Renters 45.05%
Average Renter Household Size 2.48
Average Household Size 2.51
Median Household Income $29,803 ±$5,670
Median Rent $534 ±$203
Percentage Of Renters Overburdened 39.6% ± 13.31pp
Total Population 1,392

Population and Household Demographics

Edgewood is a City in Van Zandt County, Texas with a population of 1,392. There are 555 households in the city with an average household size of 2.51 persons. 45.05% of households in Edgewood are renters.

Income and Rent Overburden in Edgewood

The median gross income for households in Edgewood is $29,803 a year, or $2,484 a month. The median rent for the city is $534 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Edgewood, a household making less than $1,780 a month would be considered overburdened when renting an apartment at or above the median rent. 39.6% of households who rent are overburdened in Edgewood.1

Area Median Income In Edgewood

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Edgewood, the AMI is calculated from all households within Van Zandt County.

In Edgewood, HUD calculates the Area Median Income for a family of four as $60,500

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 Edgewood

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 Edgewood HUD Rental Assistance in Edgewood

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,750 $16,910 $21,330 $25,750 $30,170 $34,590 $37,550 $39,950
50% of Median $21,200 $24,200 $27,250 $30,250 $32,700 $35,100 $37,550 $39,950
80% of Median $33,900 $38,750 $43,600 $48,400 $52,300 $56,150 $60,050 $63,900
Fair Market Rents in Edgewood

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$568 $582 $766 $1,054 $1,131