Low Income Apartments and Affordable Housing For Rent in Fannin County, TX

Discover affordable housing in Fannin County where there are 16+ 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.

calendar_today Opened: May 9
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Fannin County, Texas
$18.88/hour
$11.63 (+160%) more than Texas minimum wage and $11.63 (+160%) more than the Federal minimum wage.
Learn More About Fannin County, Texas Affordable Housing ↓

What HUD offices serve Fannin County, 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), Homeownership Voucher, Family Self-Sufficiency programs for Fannin County, Texas.

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

How many renters live in Fannin County, Texas?

The County of Fannin County has 36,052 people living in 12,699 households.

There are 7,615 renters living in 3,171 renter households in this County. Renters make up 21.12 percent of the population living in Fannin County.

What is the rental market like in Fannin County, Texas?

There are an estimated 14,667 housing units in the Fannin County area. Of these, 3,260 units are rental homes, making up 22 percent of the housing market. For every renter household in Fannin County, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Fannin County?

The rental vacancy rate in Fannin County is 1 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 Fannin County for each bedroom size?

Occupied Rental Units by Size in Fannin County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
98 514 1,195 1,100 255
Occupied Rental Units by Size in Fannin County

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

Among renter households in this market, 34 percent have housing cost burden. Further, 18 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 Fannin County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $754 to $1,665. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $754
One BR $759
Two BR $997
Three BR $1,405
Four BR $1,665
2024 Fair Market Rents in Fannin County, Texas

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

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 40 41 percent
One BR 314 61 percent
Two BR 579 48 percent
Rental Units Below FMR in Fannin County, Texas

How many affordable rental units are in Fannin County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 97
Section 8 Project-Based Rental Assistance 38
USDA Section 515 Rural Rental Housing 144
Tracked Units by Federal Program in Fannin County, Texas

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

Income Based Apartments in Fannin County, Texas

Fannin County features 585 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 Fannin County, Texas

There are 25 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fannin County.

Housing Choice Vouchers in Fannin County, Texas

On average, Section 8 Housing Choice vouchers pay Fannin County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Fannin County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fannin County, Texas for a two-bedroom apartment is between $897 and $1,097.

Sourced from federal housing data and AffordableHousingOnline.com research.