What HUD offices serve Fate, 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 Fate.
How many renters live in Fate, Texas?
The City of Fate has 19,010 people living in 5,994 households.
There are 1,937 renters living in 605 renter households in this City. Renters make up 10.19 percent of the population living in Fate.
What is the rental market like in Fate, Texas?
There are an estimated 6,160 housing units in the Fate area. Of these, 605 units are rental homes, making up 10 percent of the housing market. For every renter household in Fate, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Fate?
The rental vacancy rate in Fate is 0 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 Fate for each bedroom size?
Occupied Rental Units by Size in Fate
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 59 | 0 | 262 | 284 |
Occupied Rental Units by Size in Fate
A large number of apartments in Fate 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 Fate are overburdened by housing costs?
Among renter households in this market, 59 percent have housing cost burden. Further, 24 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 Fate
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,426 to $2,847. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,426 |
| One BR | $1,500 |
| Two BR | $1,758 |
| Three BR | $2,212 |
| Four BR | $2,847 |
2024 Fair Market Rents in Fate, Texas
How many units are rented at Fair Market Rent (FMR) in Fate?
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 | 59 | 100 percent |
Rental Units Below FMR in Fate, Texas
How many affordable rental units are in Fate?
There are a variety of federal affordable housing programs serving households in Fate, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 185 |
Tracked Units by Federal Program in Fate, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Fate, Texas
Fate 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 Fate, Texas
There are 185 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fate.
Housing Choice Vouchers in Fate, Texas
On average, Section 8 Housing Choice vouchers pay Fate landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Fate.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fate, Texas for a two-bedroom apartment is between $1,582 and $1,934.
Sourced from federal housing data and AffordableHousingOnline.com research.
