Affordable Housing In New Territory
Fort Bend County, Texas

Housing Authorities that serve New Territory

Housing Authority Programs
Texas Department of Housing and Community Affairs Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in New Territory, Texas

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in New Territory, Texas. New Territory features 0 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in New Territory.

Sourced from federal housing data and AffordableHousingOnline.com research.

New Territory, 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 16.94%
Average Renter Household Size 3.40
Average Household Size 3.50
Median Household Income $131,698 ±$12,636
Median Rent $1,485 ±$334
Percentage Of Renters Overburdened 33.11% ± 16.52pp
Total Population 15,494

Population and Household Demographics

New Territory is a City in Fort Bend County, Texas with a population of 15,494. There are 4,421 households in the city with an average household size of 3.50 persons. 16.94% of households in New Territory are renters.

Income and Rent Overburden in New Territory

The median gross income for households in New Territory is $131,698 a year, or $10,975 a month. The median rent for the city is $1,485 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In New Territory, a household making less than $4,950 a month would be considered overburdened when renting an apartment at or above the median rent. 33.11% of households who rent are overburdened in New Territory.1

Area Median Income In New Territory

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 New Territory, the AMI is calculated from all households within Fort Bend County.

In New Territory, HUD calculates the Area Median Income for a family of four as $76,300

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 New Territory

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 New Territory HUD Rental Assistance in New Territory

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,050 $18,350 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,750 $30,550 $34,350 $38,150 $41,250 $44,300 $47,350 $50,400
80% of Median $42,750 $48,850 $54,950 $61,050 $65,950 $70,850 $75,750 $80,600
Fair Market Rents in New Territory

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$826 $908 $1,096 $1,485 $1,878