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Affordable Housing In Itasca
Hill County, Texas

Housing Authorities that serve Itasca

Housing Authority Programs
Hill County Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Itasca, Texas

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Itasca, Texas.

Income Based Apartments in Itasca, Texas

Itasca 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 Itasca, Texas

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

Housing Choice Vouchers in Itasca, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Itasca, Texas for a two-bedroom apartment is between $677 and $827.

2020 Itasca, 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 $490 $594 $752 $957 $1,019
Payment Standard Range $441 to $539 $535 to $653 $677 to $827 $861 to $1,053 $917 to $1,121

Sourced from federal housing data and AffordableHousingOnline.com research.

Itasca, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 30.34%
Average Renter Household Size 2.77
Average Household Size 2.91
Median Household Income $37,750 ±$12,687
Median Rent $581 ±$304
Percentage Of Renters Overburdened 52.66% ± 21.83pp
Total Population 1,660

Population and Household Demographics

Itasca is a City in Hill County, Texas with a population of 1,660. There are 557 households in the city with an average household size of 2.91 persons. 30.34% of households in Itasca are renters.

Income and Rent Overburden in Itasca

The median gross income for households in Itasca is $37,750 a year, or $3,146 a month. The median rent for the city is $581 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Itasca, a household making less than $1,937 a month would be considered overburdened when renting an apartment at or above the median rent. 52.66% of households who rent are overburdened in Itasca.1

Area Median Income In Itasca

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 Itasca, the AMI is calculated from all households within Hill County.

In Itasca, HUD calculates the Area Median Income for a family of four as $56,400

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 Itasca

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 HUD Rental Assistance in Itasca

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $34,050 $36,400 $38,750
50% of Median $20,550 $23,500 $26,450 $29,350 $31,700 $34,050 $36,400 $38,750
80% of Median $32,900 $37,600 $42,300 $46,950 $50,750 $54,500 $58,250 $62,000