Low Income Apartments and Affordable Housing For Rent in Eustace, TX

Discover affordable housing in Eustace where there are 2+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Stoneleaf at Eustace

320 FM 316 S, Eustace, Texas 75124

Lakeside Village II

307 Highway 175, Eustace, Texas 75124

calendar_today Opened: Feb 1
Open Until Further Notice

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Eustace, Texas
$19.24/hour
$11.99 (+165%) more than Texas minimum wage and $11.99 (+165%) more than the Federal minimum wage.
Learn More About Eustace, Texas Affordable Housing ↓

What HUD offices serve Eustace, 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Eustace, Texas.

Go to the Texas Public Housing and Low-Income Apartments Waiting Lists page for openings near Eustace.

How many renters live in Eustace, Texas?

The City of Eustace has 1,457 people living in 475 households.

There are 435 renters living in 176 renter households in this City. Renters make up 29.86 percent of the population living in Eustace.

What is the rental market like in Eustace, Texas?

There are an estimated 569 housing units in the Eustace area. Of these, 224 units are rental homes, making up 39 percent of the housing market. For every renter household in Eustace, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Eustace?

The rental vacancy rate in Eustace is 15 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 Eustace for each bedroom size?

Occupied Rental Units by Size in Eustace
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 79 29 68 0
Occupied Rental Units by Size in Eustace

A large number of apartments in Eustace 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 Eustace are overburdened by housing costs?

Among renter households in this market, 61 percent have housing cost burden. Further, 48 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 Eustace

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $781 to $1,491. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $781
One BR $808
Two BR $1,016
Three BR $1,346
Four BR $1,491
2024 Fair Market Rents in Eustace, Texas

How many units are rented at Fair Market Rent (FMR) in Eustace?

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
One BR 77 97 percent
Two BR 18 62 percent
Rental Units Below FMR in Eustace, Texas

How many affordable rental units are in Eustace?

There are a variety of federal affordable housing programs serving households in Eustace, Texas including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 45
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Eustace, Texas

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Eustace, Texas

Eustace features 16 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 Eustace, Texas

There are 49 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Eustace.

Housing Choice Vouchers in Eustace, Texas

On average, Section 8 Housing Choice vouchers pay Eustace landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Eustace.

The maximum amount a voucher would pay on behalf of a low-income tenant in Eustace, Texas for a two-bedroom apartment is between $914 and $1,118.

Sourced from federal housing data and AffordableHousingOnline.com research.