Affordable Housing In Gunter
Grayson County, Texas

1 Low Income Apartment Communities In Gunter

404 W Mesquite St

404 W Mesquite St
Gunter, TX
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Housing Authorities that serve Gunter

Housing Authority Programs
Texoma Council of Governments Section 8 Housing Choice Voucher (HCV)
Housing Authority of Grayson County Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Gunter, Texas

There are 1 low income housing apartment communities offering 12 affordable apartments for rent in Gunter, Texas.

Income Based Apartments in Gunter, Texas

Gunter features 12 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 Gunter, Texas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gunter.

Housing Choice Vouchers in Gunter, Texas

On average, Section 8 Housing Choice vouchers pay Gunter landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Gunter.

The maximum amount a voucher would pay on behalf of a low-income tenant in Gunter, Texas for a two-bedroom apartment is between $824 and $1,007.

2020 Gunter, 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 $631 $740 $915 $1,238 $1,383
Payment Standard Range $568 to $694 $666 to $814 $824 to $1,007 $1,114 to $1,362 $1,245 to $1,521

Sourced from federal housing data and research.

Gunter, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 12
Total Housing Units with Rental Assistance 12
Percentage of Housing Units Occupied By Renters 36.53%
Average Renter Household Size 3.34
Average Household Size 2.97
Median Household Income $61,250 ±$9,179
Median Rent $939 ±$52
Percentage Of Renters Overburdened 35.9% ± 13.06pp
Total Population 1,441

Population and Household Demographics

Gunter is a City in Grayson County, Texas with a population of 1,441. There are 427 households in the city with an average household size of 2.97 persons. 36.53% of households in Gunter are renters.

Income and Rent Overburden in Gunter

The median gross income for households in Gunter is $61,250 a year, or $5,104 a month. The median rent for the city is $939 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gunter, a household making less than $3,130 a month would be considered overburdened when renting an apartment at or above the median rent. 35.9% of households who rent are overburdened in Gunter.1

Area Median Income In Gunter

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 Gunter, the AMI is calculated from all households within Grayson County.

In Gunter, HUD calculates the Area Median Income for a family of four as $67,500

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 Gunter

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 Gunter HUD Rental Assistance in Gunter

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,200 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,650 $27,000 $30,400 $33,750 $36,450 $39,150 $41,850 $44,550
80% of Median $37,800 $43,200 $48,600 $54,000 $58,350 $62,650 $67,000 $71,300