How many renters live in Hood County, Texas?
The County of Hood County has people living in households.
There are renters living in renter households in this County. Renters make up 19.48 percent of the population living in Hood County.
What is the rental market like in Hood County, Texas?
There are an estimated housing units in the Hood County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Hood County, Texas, there are 1.14 rental units.
What is the vacancy rate for rentals in Hood County?
The rental vacancy rate in Hood County is 12 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 Hood County for each bedroom size?
Occupied Rental Units by Size in Hood County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 70 | 1,055 | 1,726 | 1,622 | 366 |
Occupied Rental Units by Size in Hood County
A large number of apartments in Hood County 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 Hood County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $912 to $2,091. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $912 |
| One BR | $1,101 |
| Two BR | $1,345 |
| Three BR | $1,626 |
| Four BR | $2,091 |
2024 Fair Market Rents in Hood County, Texas
How many units are rented at Fair Market Rent (FMR) in Hood 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 | 25 | 36 percent |
| One BR | 449 | 43 percent |
| Two BR | 905 | 52 percent |
Rental Units Below FMR in Hood County, Texas
How many affordable rental units are in Hood County?
There are a variety of federal affordable housing programs serving households in Hood County, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Hood County, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Hood County, Texas
Hood County features 206 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 Hood County, Texas
There are 111 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hood County.
Housing Choice Vouchers in Hood County, Texas
On average, Section 8 Housing Choice vouchers pay Hood County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hood County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hood County, Texas for a two-bedroom apartment is between $1,211 and $1,480.
Sourced from federal housing data and AffordableHousingOnline.com research.