Low Income Apartments and Affordable Housing For Rent in Wood County, TX

Discover affordable housing in Wood County where there are 5+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Quitman Square

202 Richards St, Quitman, Texas 75783

Mineola Seniors Community

1136 N Newsom St, Mineola, Texas 75773

Pine Villas CO Ashcroft Group

704 S McAllister St, Quitman, Texas 75783

Yantis Village

100 Village Circle, Yantis, Texas 75497

West Meadows Apartments

784 Goodson Cir, Mineola, Texas 75773

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wood County, Texas
$20.68/hour
$13.43 (+185%) more than Texas minimum wage and $13.43 (+185%) more than the Federal minimum wage.
Learn More About Wood County, Texas Affordable Housing ↓

How many renters live in Wood County, Texas?

The County of Wood County has 45,341 people living in 17,824 households.

There are 8,149 renters living in 3,478 renter households in this County. Renters make up 17.97 percent of the population living in Wood County.

What is the rental market like in Wood County, Texas?

There are an estimated 22,123 housing units in the Wood County area. Of these, 3,722 units are rental homes, making up 17 percent of the housing market. For every renter household in Wood County, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Wood County?

The rental vacancy rate in Wood County is 6 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 Wood County for each bedroom size?

Occupied Rental Units by Size in Wood County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
310 817 914 1,203 211
Occupied Rental Units by Size in Wood County

A large number of apartments in Wood County 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 Wood County are overburdened by housing costs?

Among renter households in this market, 43 percent have housing cost burden. Further, 26 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 Wood County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $740 to $1,623. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $740
One BR $831
Two BR $1,092
Three BR $1,320
Four BR $1,623
2024 Fair Market Rents in Wood County, Texas

How many units are rented at Fair Market Rent (FMR) in Wood County?

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
Studio 134 43 percent
One BR 567 69 percent
Two BR 574 63 percent
Rental Units Below FMR in Wood County, Texas

How many affordable rental units are in Wood County?

There are a variety of federal affordable housing programs serving households in Wood County, Texas including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 152
Public Housing 118
USDA Section 515 Rural Rental Housing 182
Tracked Units by Federal Program in Wood County, Texas

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Wood County, Texas

Wood County features 140 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 Wood County, Texas

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

Housing Choice Vouchers in Wood County, Texas

On average, Section 8 Housing Choice vouchers pay Wood County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Wood County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Wood County, Texas for a two-bedroom apartment is between $983 and $1,201.

Sourced from federal housing data and AffordableHousingOnline.com research.