Affordable Housing In Mart
McLennan County, Texas

1 Low Income Apartment Communities In Mart

202 S Main St

202 S Main St
Mart, Texas
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Housing Authorities that serve Mart

Housing Authority Programs
Mart Housing Authority Public Housing
Texas Department of Housing and Community Affairs Section 8 Housing Choice Voucher (HCV)
Waco Housing Authority and Affiliates Section 8 Housing Choice Voucher (HCV); Public Housing; Rental Assistance Demonstration (RAD)

Guide To Affordable Housing in Mart, Texas

There are 1 low income housing apartment communities offering 52 affordable apartments for rent in Mart, Texas.

Income Based Apartments in Mart, Texas

Mart features 52 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 Mart, Texas

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

Housing Choice Vouchers in Mart, Texas

On average, Section 8 Housing Choice vouchers pay Mart landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Mart.

The maximum amount a voucher would pay on behalf of a low-income tenant in Mart, Texas for a two-bedroom apartment is between $810 and $990.

2020 Mart, 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 $649 $692 $900 $1,216 $1,393
Payment Standard Range $584 to $714 $623 to $761 $810 to $990 $1,094 to $1,338 $1,254 to $1,532

Sourced from federal housing data and AffordableHousingOnline.com research.

Mart, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 52
Total Housing Units with Rental Assistance 52
Percentage of Housing Units Occupied By Renters 37.04%
Average Renter Household Size 3.26
Average Household Size 2.72
Median Household Income $33,726 ±$2,653
Median Rent $762 ±$55
Percentage Of Renters Overburdened 61.54% ± 15.03pp
Total Population 2,050

Population and Household Demographics

Mart is a City in McLennan County, Texas with a population of 2,050. There are 737 households in the city with an average household size of 2.72 persons. 37.04% of households in Mart are renters.

Income and Rent Overburden in Mart

The median gross income for households in Mart is $33,726 a year, or $2,811 a month. The median rent for the city is $762 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mart, a household making less than $2,540 a month would be considered overburdened when renting an apartment at or above the median rent. 61.54% of households who rent are overburdened in Mart.1

Area Median Income In Mart

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 Mart, the AMI is calculated from all households within McLennan County.

In Mart, HUD calculates the Area Median Income for a family of four as $64,500

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 Mart

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 Mart

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,550 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,600
50% of Median $22,600 $25,800 $29,050 $32,250 $34,850 $37,450 $40,000 $42,600
80% of Median $36,150 $41,300 $46,450 $51,600 $55,750 $59,900 $64,000 $68,150