Affordable Housing In Missouri City
Fort Bend County,
7 Low Income Apartment Communities In Missouri City
Guide To Affordable Housing in Missouri City, Texas
There are 7 low income housing apartment communities offering 965 affordable apartments for rent in Missouri City, Texas.
Income Based Apartments in Missouri City, Texas
Missouri City features 2 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 Missouri City, Texas
There are 963 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Missouri City.
Housing Choice Vouchers in Missouri City, Texas
On average, Section 8 Housing Choice vouchers pay Missouri City landlords $700 per month towards rent. The average voucher holder contributes $500 towards rent in Missouri City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Missouri City, Texas for a two-bedroom apartment is between $1,087 and $1,329.
2022 Missouri City, 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|
|Missouri City, Texas Fair Market Rent||$944||$1,014||$1,208||$1,603||$2,058|
|Missouri City, 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 AffordableHousingOnline.com research.
Missouri City, TX Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||965|
|Total Housing Units with Rental Assistance||2|
|Percentage of Housing Units Occupied By Renters||17%|
|Average Renter Household Size||3.41|
|Average Household Size||3.02|
|Median Household Income||$87,955 ±$4,013|
|Median Rent||$1,393 ±$73|
|Percentage Of Renters Overburdened||36.57% ± 6.59pp|
Population and Household Demographics
Missouri City is a city in Fort Bend County, Texas with a population of 70,538. There are 23,231 households in the city with an average household size of 3.02 persons. 17% of households in Missouri City are renters.
Income and Rent Overburden in Missouri City
The median gross income for households in Missouri City is $87,955 a year, or $7,330 a month. The median rent for the city is $1,393 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Missouri City, a household making less than $4,643 a month would be considered overburdened when renting an apartment at or above the median rent. 36.57% of households who rent are overburdened in Missouri City.
Area Median Income In Missouri City
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 Missouri City, the AMI is calculated from all households within Fort Bend County.
In Missouri City, 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 Missouri City
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 Missouri City
|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 Missouri City AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Missouri City AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Missouri City AMI may qualify for rental assistance programs that target Low Income households.