What HUD offices serve Flower Mound, 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 Flower Mound.
How many renters live in Flower Mound, Texas?
The City of Flower Mound has people living in households.
There are renters living in renter households in this City. Renters make up 16.5 percent of the population living in Flower Mound.
What is the rental market like in Flower Mound, Texas?
There are an estimated housing units in the Flower Mound area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Flower Mound, Texas, there are 0.78 rental units.
What is the vacancy rate for rentals in Flower Mound?
The rental vacancy rate in Flower Mound is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Flower Mound for each bedroom size?
Occupied Rental Units by Size in Flower Mound
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 478 | 1,069 | 1,261 | 1,220 | 508 |
Occupied Rental Units by Size in Flower Mound
A large number of apartments in Flower Mound 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 Flower Mound
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 Flower Mound, Texas
How many units are rented at Fair Market Rent (FMR) in Flower Mound?
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 | 221 | 46 percent |
| One BR | 382 | 36 percent |
| Two BR | 154 | 12 percent |
Rental Units Below FMR in Flower Mound, Texas
How many affordable rental units are in Flower Mound?
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 $1,582 and $1,934.
Sourced from federal housing data and AffordableHousingOnline.com research.