How many renters live in Odem, Texas?
The City of Odem has people living in households.
There are renters living in renter households in this City. Renters make up 42.08 percent of the population living in Odem.
What is the rental market like in Odem, Texas?
There are an estimated housing units in the Odem area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Odem, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Odem?
The rental vacancy rate in Odem 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 Odem for each bedroom size?
Occupied Rental Units by Size in Odem
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 14 | 28 | 76 | 134 | 0 |
Occupied Rental Units by Size in Odem
A large number of apartments in Odem 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 Odem
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,030 to $2,066. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,030 |
| One BR | $1,104 |
| Two BR | $1,355 |
| Three BR | $1,763 |
| Four BR | $2,066 |
2024 Fair Market Rents in Odem, Texas
How many units are rented at Fair Market Rent (FMR) in Odem?
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 | 14 | 100 percent |
| One BR | 28 | 100 percent |
| Two BR | 69 | 91 percent |
Rental Units Below FMR in Odem, Texas
How many affordable rental units are in Odem?
There are a variety of federal affordable housing programs serving households in Odem, Texas including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Odem, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Odem, Texas
Odem features 26 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 Odem, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Odem.
Housing Choice Vouchers in Odem, Texas
On average, Section 8 Housing Choice vouchers pay Odem landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Odem.
The maximum amount a voucher would pay on behalf of a low-income tenant in Odem, Texas for a two-bedroom apartment is between $1,220 and $1,491.
Sourced from federal housing data and AffordableHousingOnline.com research.