How many renters live in Meadows Place, Texas?
The City of Meadows Place has people living in households.
There are renters living in renter households in this City. Renters make up 13.75 percent of the population living in Meadows Place.
What is the rental market like in Meadows Place, Texas?
There are an estimated housing units in the Meadows Place area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Meadows Place, Texas, there are 1.18 rental units.
What is the vacancy rate for rentals in Meadows Place?
The rental vacancy rate in Meadows Place is 15 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 Meadows Place for each bedroom size?
Occupied Rental Units by Size in Meadows Place
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 55 | 85 | 105 | 84 | 60 |
Occupied Rental Units by Size in Meadows Place
A large number of apartments in Meadows Place 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 Meadows Place
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,073 to $2,303. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,073 |
| One BR | $1,135 |
| Two BR | $1,357 |
| Three BR | $1,792 |
| Four BR | $2,303 |
2024 Fair Market Rents in Meadows Place, Texas
How many units are rented at Fair Market Rent (FMR) in Meadows Place?
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 | 24 | 44 percent |
| One BR | 33 | 39 percent |
| Two BR | 70 | 67 percent |
Rental Units Below FMR in Meadows Place, Texas
How many affordable rental units are in Meadows Place?
There are a variety of federal affordable housing programs serving households in Meadows Place, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit |
Tracked Units by Federal Program in Meadows Place, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Meadows Place, Texas
Meadows Place features 0 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 Meadows Place, Texas
There are 37 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Meadows Place.
Housing Choice Vouchers in Meadows Place, Texas
On average, Section 8 Housing Choice vouchers pay Meadows Place landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Meadows Place.
The maximum amount a voucher would pay on behalf of a low-income tenant in Meadows Place, Texas for a two-bedroom apartment is between $1,221 and $1,493.
Sourced from federal housing data and AffordableHousingOnline.com research.