What HUD offices serve Ferris, 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 Ferris.
How many renters live in Ferris, Texas?
The City of Ferris has people living in households.
There are renters living in renter households in this City. Renters make up 47.68 percent of the population living in Ferris.
What is the rental market like in Ferris, Texas?
There are an estimated housing units in the Ferris area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Ferris, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Ferris?
The rental vacancy rate in Ferris 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 Ferris for each bedroom size?
Occupied Rental Units by Size in Ferris
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 20 | 16 | 78 | 206 | 47 |
Occupied Rental Units by Size in Ferris
A large number of apartments in Ferris have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Ferris
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 Ferris, Texas
How many units are rented at Fair Market Rent (FMR) in Ferris?
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 | 15 | 75 percent |
| One BR | 16 | 100 percent |
| Two BR | 78 | 100 percent |
Rental Units Below FMR in Ferris, Texas
How many affordable rental units are in Ferris?
There are a variety of federal affordable housing programs serving households in Ferris, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Ferris, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Ferris, Texas
Ferris 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 Ferris, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ferris.
Housing Choice Vouchers in Ferris, Texas
On average, Section 8 Housing Choice vouchers pay Ferris landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Ferris.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ferris, Texas for a two-bedroom apartment is between $1,582 and $1,934.
Sourced from federal housing data and AffordableHousingOnline.com research.
