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Affordable Housing In Flower Mound
Denton County, Texas

Housing Authorities that serve Flower Mound

Housing Authority Programs
Texas Department of Housing and Community Affairs Section 8 Housing Choice Voucher (HCV)
Dallas Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV)

Guide To Affordable Housing in Flower Mound, Texas

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Flower Mound, Texas.

Income Based Apartments in Flower Mound, Texas

Flower Mound 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 Flower Mound, Texas

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

Housing Choice Vouchers in Flower Mound, Texas

On average, Section 8 Housing Choice vouchers pay Flower Mound landlords $900 per month towards rent. The average voucher holder contributes $500 towards rent in Flower Mound.

The maximum amount a voucher would pay on behalf of a low-income tenant in Flower Mound, Texas for a two-bedroom apartment is between $1,183 and $1,445.

2020 Flower Mound, 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 $957 $1,093 $1,314 $1,727 $2,262
Payment Standard Range $861 to $1,053 $984 to $1,202 $1,183 to $1,445 $1,554 to $1,900 $2,036 to $2,488

Sourced from federal housing data and AffordableHousingOnline.com research.

Flower Mound, 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 12.43%
Average Renter Household Size 2.69
Average Household Size 3.08
Median Household Income $122,999 ±$4,623
Median Rent $1,602 ±$104
Percentage Of Renters Overburdened 26.85% ± 6.12pp
Total Population 68,654

Population and Household Demographics

Flower Mound is a city in Denton County, Texas with a population of 68,654. There are 22,231 households in the city with an average household size of 3.08 persons. 12.43% of households in Flower Mound are renters.

Income and Rent Overburden in Flower Mound

The median gross income for households in Flower Mound is $122,999 a year, or $10,250 a month. The median rent for the city is $1,602 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Flower Mound, a household making less than $5,340 a month would be considered overburdened when renting an apartment at or above the median rent. 26.85% of households who rent are overburdened in Flower Mound.

Area Median Income In Flower Mound

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 Flower Mound, the AMI is calculated from all households within Denton County.

In Flower Mound, HUD calculates the Area Median Income for a family of four as $86,200

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 Flower Mound

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 Flower Mound

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,100 $20,700 $23,300 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $30,200 $34,500 $38,800 $43,100 $46,550 $50,000 $53,450 $56,900
80% of Median $48,300 $55,200 $62,100 $68,950 $74,500 $80,000 $85,500 $91,050