How many renters live in Ganado, Texas?
The City of Ganado has 2,318 people living in 809 households.
There are 993 renters living in 403 renter households in this City. Renters make up 42.84 percent of the population living in Ganado.
What is the rental market like in Ganado, Texas?
There are an estimated 919 housing units in the Ganado area. Of these, 443 units are rental homes, making up 48 percent of the housing market. For every renter household in Ganado, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Ganado?
The rental vacancy rate in Ganado is 9 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 Ganado for each bedroom size?
Occupied Rental Units by Size in Ganado
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 80 | 179 | 120 | 24 |
Occupied Rental Units by Size in Ganado
A large number of apartments in Ganado have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Ganado are overburdened by housing costs?
Among renter households in this market, 39 percent have housing cost burden. Further, 0 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Ganado
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $807 to $1,540. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $807 |
| One BR | $923 |
| Two BR | $1,036 |
| Three BR | $1,340 |
| Four BR | $1,540 |
2024 Fair Market Rents in Ganado, Texas
How many units are rented at Fair Market Rent (FMR) in Ganado?
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 |
| One BR | 59 | 74 percent |
| Two BR | 124 | 69 percent |
Rental Units Below FMR in Ganado, Texas
How many affordable rental units are in Ganado?
There are a variety of federal affordable housing programs serving households in Ganado, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 8 |
| USDA Section 515 Rural Rental Housing | 8 |
Tracked Units by Federal Program in Ganado, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Ganado, Texas
Ganado features 8 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 Ganado, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ganado.
Housing Choice Vouchers in Ganado, Texas
On average, Section 8 Housing Choice vouchers pay Ganado landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Ganado.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ganado, Texas for a two-bedroom apartment is between $932 and $1,140.
Sourced from federal housing data and AffordableHousingOnline.com research.
