What HUD offices serve Mabank, 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 Mabank.
How many renters live in Mabank, Texas?
The City of Mabank has people living in households.
There are renters living in renter households in this City. Renters make up 59.25 percent of the population living in Mabank.
What is the rental market like in Mabank, Texas?
There are an estimated housing units in the Mabank area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Mabank, Texas, there are 1.07 rental units.
What is the vacancy rate for rentals in Mabank?
The rental vacancy rate in Mabank is 7 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 Mabank for each bedroom size?
Occupied Rental Units by Size in Mabank
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 26 | 128 | 319 | 261 | 0 |
Occupied Rental Units by Size in Mabank
A large number of apartments in Mabank 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 Mabank
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $781 to $1,491. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $781 |
| One BR | $808 |
| Two BR | $1,016 |
| Three BR | $1,346 |
| Four BR | $1,491 |
2024 Fair Market Rents in Mabank, Texas
How many units are rented at Fair Market Rent (FMR) in Mabank?
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 | 26 | 100 percent |
| One BR | 128 | 100 percent |
| Two BR | 319 | 100 percent |
Rental Units Below FMR in Mabank, Texas
How many affordable rental units are in Mabank?
There are a variety of federal affordable housing programs serving households in Mabank, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Mabank, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Mabank, Texas
Mabank 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 Mabank, Texas
There are 112 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mabank.
Housing Choice Vouchers in Mabank, Texas
On average, Section 8 Housing Choice vouchers pay Mabank landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Mabank.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mabank, Texas for a two-bedroom apartment is between $1,582 and $1,934.
Sourced from federal housing data and AffordableHousingOnline.com research.