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Affordable Housing In Fair Oaks Ranch
Bexar County, Texas

Housing Authorities that serve Fair Oaks Ranch

Housing Authority Programs
Housing Authority of Bexar County Section 8 Housing Choice Voucher (HCV); Public Housing
San Antonio Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work

Guide To Affordable Housing in Fair Oaks Ranch, Texas

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Fair Oaks Ranch, Texas.

Income Based Apartments in Fair Oaks Ranch, Texas

Fair Oaks Ranch 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 Fair Oaks Ranch, Texas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fair Oaks Ranch.

Housing Choice Vouchers in Fair Oaks Ranch, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Fair Oaks Ranch, Texas for a two-bedroom apartment is between $946 and $1,156.

2020 Fair Oaks Ranch, 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 $702 $851 $1,051 $1,372 $1,691
Payment Standard Range $632 to $772 $766 to $936 $946 to $1,156 $1,235 to $1,509 $1,522 to $1,860

Sourced from federal housing data and research.

Fair Oaks Ranch, 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 8.79%
Average Renter Household Size 2.27
Average Household Size 2.85
Median Household Income $125,875 ±$17,138
Median Rent $1,309 ±$342
Percentage Of Renters Overburdened 55.75% ± 24.54pp
Total Population 7,315

Population and Household Demographics

Fair Oaks Ranch is a City in Bexar County, Texas with a population of 7,315. There are 2,571 households in the city with an average household size of 2.85 persons. 8.79% of households in Fair Oaks Ranch are renters.

Income and Rent Overburden in Fair Oaks Ranch

The median gross income for households in Fair Oaks Ranch is $125,875 a year, or $10,490 a month. The median rent for the city is $1,309 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fair Oaks Ranch, a household making less than $4,363 a month would be considered overburdened when renting an apartment at or above the median rent. 55.75% of households who rent are overburdened in Fair Oaks Ranch.1

Area Median Income In Fair Oaks Ranch

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 Fair Oaks Ranch, the AMI is calculated from all households within Bexar County.

In Fair Oaks Ranch, HUD calculates the Area Median Income for a family of four as $71,000

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 Fair Oaks Ranch

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 Fair Oaks Ranch

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,950 $17,050 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,850 $28,400 $31,950 $35,500 $38,350 $41,200 $44,050 $46,900
80% of Median $39,800 $45,450 $51,150 $56,800 $61,350 $65,900 $70,450 $75,000