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Affordable Housing In Marble Falls
Burnet County, Texas

8 Low Income Apartment Communities In Marble Falls

Highland Oaks Apartments

1600 Mustang Dr
Marble Falls, Texas
$607-721
1-2 BR
Accepts Vouchers
55+

Rivercrest Apartments

1102 Avenue K
Marble Falls, Texas
Subsidized

Highview Retirement Village Apartments

200 Highway 1431
Marble Falls, Texas
Subsidized
62+
Accessible
Elderly Supportive Housing

Race Street Lofts

1110 Broadway St
Marble Falls, Texas
Accepts Vouchers

Marble Falls Housing Dev Cor

1106 Brazos
Marble Falls, Texas
Accepts Vouchers

Alta Vista I and II

1001 Pecan Valley Dr
Marble Falls, Texas
Subsidized

The Vista Apartments

1700 Mustang Dr
Marble Falls, Texas
Accepts Vouchers

Texas

1508 5th St
Marble Falls, Texas
Accepts Vouchers
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Housing Authorities that serve Marble Falls

Housing Authority Programs
Marble Falls Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Marble Falls, Texas

There are 8 low income housing apartment communities offering 550 affordable apartments for rent in Marble Falls, Texas.

Income Based Apartments in Marble Falls, Texas

Marble Falls features 219 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 Marble Falls, Texas

There are 331 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marble Falls.

Housing Choice Vouchers in Marble Falls, Texas

On average, Section 8 Housing Choice vouchers pay Marble Falls landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Marble Falls.

The maximum amount a voucher would pay on behalf of a low-income tenant in Marble Falls, Texas for a two-bedroom apartment is between $741 and $905.

2020 Marble Falls, 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 $679 $723 $823 $1,159 $1,375
Payment Standard Range $611 to $747 $651 to $795 $741 to $905 $1,043 to $1,275 $1,238 to $1,513

Sourced from federal housing data and AffordableHousingOnline.com research.

Marble Falls, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 550
Total Housing Units with Rental Assistance 219
Percentage of Housing Units Occupied By Renters 52.43%
Average Renter Household Size 1.97
Average Household Size 2.27
Median Household Income $41,120 ±$5,205
Median Rent $860 ±$110
Percentage Of Renters Overburdened 44.34% ± 12.87pp
Total Population 6,170

Population and Household Demographics

Marble Falls is a city in Burnet County, Texas with a population of 6,170. There are 2,697 households in the city with an average household size of 2.27 persons. 52.43% of households in Marble Falls are renters.

Income and Rent Overburden in Marble Falls

The median gross income for households in Marble Falls is $41,120 a year, or $3,427 a month. The median rent for the city is $860 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marble Falls, a household making less than $2,867 a month would be considered overburdened when renting an apartment at or above the median rent. 44.34% of households who rent are overburdened in Marble Falls.

Area Median Income In Marble Falls

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 Marble Falls, the AMI is calculated from all households within Burnet County.

In Marble Falls, HUD calculates the Area Median Income for a family of four as $70,800

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 Marble Falls

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 Marble Falls

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,900 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $24,800 $28,350 $31,900 $35,400 $38,250 $41,100 $43,900 $46,750
80% of Median $39,700 $45,350 $51,000 $56,650 $61,200 $65,750 $70,250 $74,800