How many renters live in Granite Shoals, Texas?
The City of Granite Shoals has people living in households.
There are renters living in renter households in this City. Renters make up 23.6 percent of the population living in Granite Shoals.
What is the rental market like in Granite Shoals, Texas?
There are an estimated housing units in the Granite Shoals area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Granite Shoals, Texas, there are 1.06 rental units.
What is the vacancy rate for rentals in Granite Shoals?
The rental vacancy rate in Granite Shoals is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Granite Shoals for each bedroom size?
Occupied Rental Units by Size in Granite Shoals
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 21 | 117 | 203 | 0 |
Occupied Rental Units by Size in Granite Shoals
A large number of apartments in Granite Shoals 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 Granite Shoals
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $879 to $1,637. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $879 |
| One BR | $885 |
| Two BR | $1,138 |
| Three BR | $1,604 |
| Four BR | $1,637 |
2024 Fair Market Rents in Granite Shoals, Texas
How many units are rented at Fair Market Rent (FMR) in Granite Shoals?
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 | 0 | 100 percent |
| Two BR | 61 | 52 percent |
Rental Units Below FMR in Granite Shoals, Texas
How many affordable rental units are in Granite Shoals?
Income Based Apartments in Granite Shoals, Texas
Granite Shoals 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 Granite Shoals, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Granite Shoals.
Housing Choice Vouchers in Granite Shoals, Texas
On average, Section 8 Housing Choice vouchers pay Granite Shoals landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Granite Shoals.
The maximum amount a voucher would pay on behalf of a low-income tenant in Granite Shoals, Texas for a two-bedroom apartment is between $1,024 and $1,252.
Sourced from federal housing data and AffordableHousingOnline.com research.