What HUD offices serve Oak Point, 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.
Go to the Texas Public Housing and Low-Income Apartments Waiting Lists page for openings near Oak Point.
How many renters live in Oak Point, Texas?
The City of Oak Point has people living in households.
There are renters living in renter households in this City. Renters make up 11.2 percent of the population living in Oak Point.
What is the rental market like in Oak Point, Texas?
There are an estimated housing units in the Oak Point area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Oak Point, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Oak Point?
The rental vacancy rate in Oak Point 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 Oak Point for each bedroom size?
Occupied Rental Units by Size in Oak Point
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 35 | 197 | 0 |
Occupied Rental Units by Size in Oak Point
A large number of apartments in Oak Point have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Oak Point
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,426 to $2,847. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,426 |
| One BR | $1,500 |
| Two BR | $1,758 |
| Three BR | $2,212 |
| Four BR | $2,847 |
2024 Fair Market Rents in Oak Point, Texas
How many units are rented at Fair Market Rent (FMR) in Oak Point?
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 |
| Two BR | 19 | 54 percent |
Rental Units Below FMR in Oak Point, Texas
How many affordable rental units are in Oak Point?
Income Based Apartments in Oak Point, Texas
Oak Point 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 Oak Point, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oak Point.
Housing Choice Vouchers in Oak Point, Texas
On average, Section 8 Housing Choice vouchers pay Oak Point landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Oak Point.
The maximum amount a voucher would pay on behalf of a low-income tenant in Oak Point, Texas for a two-bedroom apartment is between $1,582 and $1,934.
Sourced from federal housing data and AffordableHousingOnline.com research.