Affordable Housing In Meadows Place
Fort Bend County, Texas

1 Low Income Apartment Communities In Meadows Place

Meadows Place Senior Village

12221 S Kirkwood Rd
Meadows Place, Texas
  • «
  • 1
  • »

Guide To Affordable Housing in Meadows Place, Texas

There are 1 low income housing apartment communities offering 182 affordable apartments for rent in Meadows Place, Texas.

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 182 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 $1,087 and $1,329.

2022 Meadows Place, 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
Meadows Place, Texas Fair Market Rent $944 $1,014 $1,208 $1,603 $2,058
Meadows Place, Texas Payment Standard Range $850 to $1,038 $913 to $1,115 $1,087 to $1,329 $1,443 to $1,763 $1,852 to $2,264

Sourced from federal housing data and research.

Meadows Place, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 182
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 12.25%
Average Renter Household Size 2.58
Average Household Size 2.85
Median Household Income $88,646 ±$12,505
Median Rent $1,854 ±$1,431
Percentage Of Renters Overburdened 54.68% ± 37.1pp
Total Population 4,730

Population and Household Demographics

Meadows Place is a city in Fort Bend County, Texas with a population of 4,730. There are 1,657 households in the city with an average household size of 2.85 persons. 12.25% of households in Meadows Place are renters.

Income and Rent Overburden in Meadows Place

The median gross income for households in Meadows Place is $88,646 a year, or $7,387 a month. The median rent for the city is $1,854 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Meadows Place, a household making less than $6,180 a month would be considered overburdened when renting an apartment at or above the median rent. 54.68% of households who rent are overburdened in Meadows Place.

Area Median Income In Meadows Place

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 Meadows Place, the AMI is calculated from all households within Fort Bend County.

In Meadows Place, HUD calculates the Area Median Income for a family of four as $90,100

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 Meadows Place

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 Meadows Place

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Meadows Place AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,650 $21,300 $23,950 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Meadows Place AMI may qualify for rental assistance programs that target Very Low Income households.
$31,050 $35,450 $39,900 $44,300 $47,850 $51,400 $54,950 $58,500
80% AMI Income Limits
Renters earning up to 80% of the Meadows Place AMI may qualify for rental assistance programs that target Low Income households.
$49,600 $56,700 $63,800 $70,850 $76,550 $82,200 $87,900 $93,550