Affordable Housing In Gaines County
5 Low Income Apartment Communities In Gaines County
Guide To Affordable Housing in Gaines County, Texas
There are 5 low income housing apartment communities offering 258 affordable apartments for rent in Gaines County, Texas.
Income Based Apartments in Gaines County, Texas
Gaines County features 226 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 Gaines County, Texas
There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gaines County.
Housing Choice Vouchers in Gaines County, Texas
On average, Section 8 Housing Choice vouchers pay Gaines County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Gaines County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Gaines County, Texas for a two-bedroom apartment is between $643 and $785.
2020 Gaines County, 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||$529||$570||$714||$1,030||$1,254|
|Payment Standard Range||$476 to $582||$513 to $627||$643 to $785||$927 to $1,133||$1,129 to $1,379|
Sourced from federal housing data and AffordableHousingOnline.com research.
Gaines County, TX Affordable Housing Snapshot
|Total Affordable Apartment Properties||5|
|Total Low Income Apartments||258|
|Total Housing Units with Rental Assistance||226|
|Percentage of Housing Units Occupied By Renters||23.06%|
|Average Renter Household Size||3.27|
|Average Household Size||3.35|
|Median Household Income||$57,635 ±$6,294|
|Median Rent||$753 ±$117|
|Percentage Of Renters Overburdened||20.69% ± 8.04pp|
Population and Household Demographics
Gaines County is a county in Texas with a population of 18,916. There are 5,615 households in the county with an average household size of 3.35 persons. 23.06% of households in Gaines County are renters.
Income and Rent Overburden in Gaines County
The median gross income for households in Gaines County is $57,635 a year, or $4,803 a month. The median rent for the county is $753 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gaines County, a household making less than $2,510 a month would be considered overburdened when renting an apartment at or above the median rent. 20.69% of households who rent are overburdened in Gaines County.
Area Median Income In Gaines County
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.
In Gaines County, HUD calculates the Area Median Income for a family of four as $66,900
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 Gaines County
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 Gaines County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,050||$17,240||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$23,450||$26,800||$30,150||$33,450||$36,150||$38,850||$41,500||$44,200|
|80% of Median||$37,450||$42,800||$48,150||$53,500||$57,800||$62,100||$66,350||$70,650|