Affordable Housing In Fort Worth
113 Low Income Apartment Communities In Fort Worth
Housing Authorities that serve Fort Worth
|Fort Worth Housing Solutions||Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD)|
|Dallas Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV)|
Guide To Affordable Housing in Fort Worth, Texas
There are 113 low income housing apartment communities offering 16,724 affordable apartments for rent in Fort Worth, Texas.
Income Based Apartments in Fort Worth, Texas
Fort Worth features 5,768 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 Fort Worth, Texas
There are 10,600 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fort Worth.
Housing Choice Vouchers in Fort Worth, Texas
On average, Section 8 Housing Choice vouchers pay Fort Worth landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Fort Worth.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fort Worth, Texas for a two-bedroom apartment is between $1,049 and $1,282.
2020 Fort Worth, 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||$838||$945||$1,165||$1,579||$1,980|
|Payment Standard Range||$754 to $922||$851 to $1,040||$1,049 to $1,282||$1,421 to $1,737||$1,782 to $2,178|
Sourced from federal housing data and AffordableHousingOnline.com research.
Fort Worth, TX Affordable Housing Snapshot
|Total Affordable Apartment Properties||113|
|Total Low Income Apartments||16,724|
|Total Housing Units with Rental Assistance||5,768|
|Percentage of Housing Units Occupied By Renters||42.78%|
|Average Renter Household Size||2.63|
|Average Household Size||2.86|
|Median Household Income||$53,214 ±$734|
|Median Rent||$892 ±$11|
|Percentage Of Renters Overburdened||46.98% ± 1.27pp|
Population and Household Demographics
Fort Worth is a city in Tarrant County, Texas with a population of 796,614. There are 273,457 households in the city with an average household size of 2.86 persons. 42.78% of households in Fort Worth are renters.
Income and Rent Overburden in Fort Worth
The median gross income for households in Fort Worth is $53,214 a year, or $4,435 a month. The median rent for the city is $892 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fort Worth, a household making less than $2,973 a month would be considered overburdened when renting an apartment at or above the median rent. 46.98% of households who rent are overburdened in Fort Worth.
Area Median Income In Fort Worth
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 Fort Worth, the AMI is calculated from all households within Tarrant County.
In Fort Worth, HUD calculates the Area Median Income for a family of four as $81,500
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 Fort Worth
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 Fort Worth
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$17,150||$19,600||$22,050||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$28,550||$32,600||$36,700||$40,750||$44,050||$47,300||$50,550||$53,800|
|80% of Median||$45,650||$52,200||$58,700||$65,200||$70,450||$75,650||$80,850||$86,100|