Low Income Apartments and Affordable Housing For Rent in Moody, TX

Discover affordable housing in Moody where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

1308 Avenue E

1308 Avenue E, Moody, Texas 76557

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Moody, Texas
$23.98/hour
$16.73 (+231%) more than Texas minimum wage and $16.73 (+231%) more than the Federal minimum wage.
Learn More About Moody, Texas Affordable Housing ↓

What HUD offices serve Moody, Texas?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Rental Assistance Demonstration (RAD) programs for Moody, Texas.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Moody, Texas.

Go to the Texas Public Housing and Low-Income Apartments Waiting Lists page for openings near Moody.

How many renters live in Moody, Texas?

The City of Moody has 1,394 people living in 488 households.

There are 483 renters living in 189 renter households in this City. Renters make up 34.65 percent of the population living in Moody.

What is the rental market like in Moody, Texas?

There are an estimated 554 housing units in the Moody area. Of these, 189 units are rental homes, making up 34 percent of the housing market. For every renter household in Moody, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Moody?

The rental vacancy rate in Moody is 0 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 Moody for each bedroom size?

Occupied Rental Units by Size in Moody
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3 54 24 69 27
Occupied Rental Units by Size in Moody

A large number of apartments in Moody have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Moody are overburdened by housing costs?

Among renter households in this market, 50 percent have housing cost burden. Further, 14 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Moody

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $875 to $1,686. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $875
One BR $1,011
Two BR $1,266
Three BR $1,632
Four BR $1,686
2024 Fair Market Rents in Moody, Texas

How many units are rented at Fair Market Rent (FMR) in Moody?

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 3 100 percent
One BR 54 100 percent
Two BR 19 79 percent
Rental Units Below FMR in Moody, Texas

How many affordable rental units are in Moody?

There are a variety of federal affordable housing programs serving households in Moody, Texas including the following:

Federal Program Unit Count
Public Housing 50
Tracked Units by Federal Program in Moody, Texas

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Moody, Texas

Moody features 50 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 Moody, Texas

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

Housing Choice Vouchers in Moody, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Moody, Texas for a two-bedroom apartment is between $1,139 and $1,393.

Sourced from federal housing data and AffordableHousingOnline.com research.