What HUD offices serve Knox City, Texas?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Texas Public Housing and Low-Income Apartments Waiting Lists page for openings near Knox City.
How many renters live in Knox City, Texas?
The City of Knox City has 898 people living in 320 households.
There are 119 renters living in 65 renter households in this City. Renters make up 13.25 percent of the population living in Knox City.
What is the rental market like in Knox City, Texas?
There are an estimated 427 housing units in the Knox City area. Of these, 85 units are rental homes, making up 20 percent of the housing market. For every renter household in Knox City, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Knox City?
The rental vacancy rate in Knox City is 13 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 Knox City for each bedroom size?
Occupied Rental Units by Size in Knox City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 5 | 39 | 14 | 7 |
Occupied Rental Units by Size in Knox City
A large number of apartments in Knox City 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 Knox City are overburdened by housing costs?
Among renter households in this market, 23 percent have housing cost burden. Further, 15 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 Knox City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $705 to $1,345. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $705 |
| One BR | $729 |
| Two BR | $905 |
| Three BR | $1,187 |
| Four BR | $1,345 |
2024 Fair Market Rents in Knox City, Texas
How many units are rented at Fair Market Rent (FMR) in Knox City?
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 | 5 | 100 percent |
| Two BR | 32 | 82 percent |
Rental Units Below FMR in Knox City, Texas
How many affordable rental units are in Knox City?
There are a variety of federal affordable housing programs serving households in Knox City, Texas including the following:
| Federal Program | Unit Count |
| Public Housing | 29 |
| USDA Section 515 Rural Rental Housing | 21 |
Tracked Units by Federal Program in Knox City, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Knox City, Texas
Knox City features 32 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 Knox City, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Knox City.
Housing Choice Vouchers in Knox City, Texas
On average, Section 8 Housing Choice vouchers pay Knox City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Knox City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Knox City, Texas for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
