What HUD offices serve Elsa, 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 Elsa.
How many renters live in Elsa, Texas?
The City of Elsa has 5,721 people living in 1,922 households.
There are 1,528 renters living in 499 renter households in this City. Renters make up 26.71 percent of the population living in Elsa.
What is the rental market like in Elsa, Texas?
There are an estimated 2,075 housing units in the Elsa area. Of these, 529 units are rental homes, making up 25 percent of the housing market. For every renter household in Elsa, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Elsa?
The rental vacancy rate in Elsa is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Elsa for each bedroom size?
Occupied Rental Units by Size in Elsa
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 35 | 82 | 306 | 40 | 36 |
Occupied Rental Units by Size in Elsa
A large number of apartments in Elsa 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 Elsa are overburdened by housing costs?
Among renter households in this market, 60 percent have housing cost burden. Further, 25 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 Elsa
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $777 to $1,409. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $777 |
| One BR | $781 |
| Two BR | $977 |
| Three BR | $1,277 |
| Four BR | $1,409 |
2024 Fair Market Rents in Elsa, Texas
How many units are rented at Fair Market Rent (FMR) in Elsa?
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 | 4 | 11 percent |
| One BR | 82 | 100 percent |
| Two BR | 258 | 84 percent |
Rental Units Below FMR in Elsa, Texas
How many affordable rental units are in Elsa?
There are a variety of federal affordable housing programs serving households in Elsa, Texas including the following:
| Federal Program | Unit Count |
| Public Housing | 119 |
| Section 8 Project-Based Rental Assistance | 41 |
Tracked Units by Federal Program in Elsa, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Elsa, Texas
Elsa features 115 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 Elsa, Texas
There are 120 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elsa.
Housing Choice Vouchers in Elsa, Texas
On average, Section 8 Housing Choice vouchers pay Elsa landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Elsa.
The maximum amount a voucher would pay on behalf of a low-income tenant in Elsa, Texas for a two-bedroom apartment is between $879 and $1,075.
Sourced from federal housing data and AffordableHousingOnline.com research.
