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Affordable Housing In Morgan's Point Resort
Bell County, Texas

Housing Authorities that serve Morgan's Point Resort

Housing Authority Programs
Central Texas Council of Governments Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Morgan's Point Resort, Texas

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Morgan's Point Resort, Texas.

Income Based Apartments in Morgan's Point Resort, Texas

Morgan's Point Resort 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 Morgan's Point Resort, Texas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Morgan's Point Resort.

Housing Choice Vouchers in Morgan's Point Resort, Texas

On average, Section 8 Housing Choice vouchers pay Morgan's Point Resort landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Morgan's Point Resort.

The maximum amount a voucher would pay on behalf of a low-income tenant in Morgan's Point Resort, Texas for a two-bedroom apartment is between $707 and $864.

2020 Morgan's Point Resort, 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
Fair Market Rent $607 $611 $785 $1,132 $1,378
Payment Standard Range $546 to $668 $550 to $672 $707 to $864 $1,019 to $1,245 $1,240 to $1,516

Sourced from federal housing data and AffordableHousingOnline.com research.

Morgan's Point Resort, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 15%
Average Renter Household Size 2.88
Average Household Size 2.83
Median Household Income $66,299 ±$12,669
Median Rent $1,366 ±$55
Percentage Of Renters Overburdened 11.16% ± 16.28pp
Total Population 4,223

Population and Household Demographics

Morgan's Point Resort is a city in Bell County, Texas with a population of 4,223. There are 1,493 households in the city with an average household size of 2.83 persons. 15% of households in Morgan's Point Resort are renters.

Income and Rent Overburden in Morgan's Point Resort

The median gross income for households in Morgan's Point Resort is $66,299 a year, or $5,525 a month. The median rent for the city is $1,366 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Morgan's Point Resort, a household making less than $4,553 a month would be considered overburdened when renting an apartment at or above the median rent. 11.16% of households who rent are overburdened in Morgan's Point Resort.

Area Median Income In Morgan's Point Resort

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 Morgan's Point Resort, the AMI is calculated from all households within Bell County.

In Morgan's Point Resort, HUD calculates the Area Median Income for a family of four as $63,900

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 Morgan's Point Resort

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 Morgan's Point Resort

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,450 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $42,200
50% of Median $22,400 $25,600 $28,800 $31,950 $34,550 $37,100 $39,650 $42,200
80% of Median $35,800 $40,900 $46,000 $51,100 $55,200 $59,300 $63,400 $67,500