How many renters live in May, Texas?
The City of May has people living in households.
What is the vacancy rate for rentals in May?
The rental vacancy rate in May is percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in May for each bedroom size?
Occupied Rental Units by Size in May
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 |
Occupied Rental Units by Size in May
May has a large number of apartments with three or more bedrooms. Families with children may have more success finding an apartment that meets their needs.
How Much Is Rent in May
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 | $1,275 |
| Four BR | $1,345 |
2024 Fair Market Rents in May, Texas
How many units are rented at Fair Market Rent (FMR) in May?
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 |
Rental Units Below FMR in May, Texas
How many affordable rental units are in May?
Income Based Apartments in May, Texas
May features 11 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 May, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in May.
Housing Choice Vouchers in May, Texas
On average, Section 8 Housing Choice vouchers pay May landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in May.
The maximum amount a voucher would pay on behalf of a low-income tenant in May, Texas for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.