Affordable Housing In Odessa
Ector County, Texas

18 Low Income Apartment Communities In Odessa

Woodcrest Apartments

2550 W 8th Street
Odessa, TX
Income Based
1-3 BR

Manor Crest Apartments

1401 San Andres Dr
Odessa, TX
Income Based
1-2 BR
Subsidized

Sage Brush Village

3250 W 8th Street
Odessa, TX
$754-1,035
1-3 BR
HCV Welcome

Sedona Springs Apartments

920 W. University Blvd.
Odessa, TX
$568-770
1-3 BR
HCV Welcome

The Grove Apartments

401 Lasseter Ave
Odessa, TX
$315-1,603
1-3 BR
HCV Welcome

Madison Square

2201 Rocky Lane Road
Odessa, TX
$535-950
1-2 BR

Arbor Oaks Apts.

1000 E. Monahans Street
Odessa, TX
Call For Rent
2-3 BR
HCV Welcome

Arbor Terrace Townhomes

1101 Fitch Ave
Odessa, TX
$691-793
2-3 BR
HCV Welcome

Key West Senior Village

1600 West Clements Street
Odessa, TX
Call For Rent
1-2 BR
62+
HCV Welcome

Westwood Square

Westwood Square
Odessa, TX
Call For Rent
1-2 BR

Housing Authorities that serve Odessa

Housing Authority Programs
Housing Authority of Odessa Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Odessa, Texas

According to federal housing data and AffordableHousingOnline.com research, there are 18 low income housing apartment communities offering 1,479 affordable apartments for rent in Odessa, Texas. Odessa features 843 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 636 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Odessa.

Odessa, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 18
Total Low Income Apartments 1,479
Total Housing Units with Rental Assistance 843
Percentage of Housing Units Occupied By Renters 38.28%
Average Renter Household Size 2.51
Average Household Size 2.81
Median Household Income $59,337 ±$2,642
Median Rent $945 ±$25
Percentage Of Renters Overburdened 36.94% ± 3.71pp
Total Population 111,330

Population and Household Demographics

Odessa is a City in Ector County, Texas with a population of 111,330. There are 39,057 households in the city with an average household size of 2.81 persons. 38.28% of households in Odessa are renters.

Income and Rent Overburden in Odessa

The median gross income for households in Odessa is $59,337 a year, or $4,945 a month. The median rent for the city is $945 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Odessa, a household making less than $3,150 a month would be considered overburdened when renting an apartment at or above the median rent. 36.94% of households who rent are overburdened in Odessa.1

Area Median Income In Odessa

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 Odessa, the AMI is calculated from all households within Ector County.

In Odessa, HUD calculates the Area Median Income for a family of four as $73,900

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 Odessa

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 Odessa HUD Rental Assistance in Odessa

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,550 $17,750 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,900 $29,600 $33,300 $36,950 $39,950 $42,900 $45,850 $48,800
80% of Median $41,400 $47,300 $53,200 $59,100 $63,850 $68,600 $73,300 $78,050
Low Income Housing Tax Credits in Odessa

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2001 to 2006, 4 low income apartment communities containing 565 rental apartments have been constructed and made affordable to low income persons in Odessa by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Odessa

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,900 $29,600 $33,300 $36,950 $39,950 $42,900 $45,850 $48,800
60% of Median $31,080 $35,520 $39,960 $44,340 $47,940 $51,480 $55,020 $58,560

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Odessa is $39,960 a year, or $3,330 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,330 by 30% to get a maximum rent of $999 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $648 $694 $833 $961 $1,073 $1,183
60% $777 $833 $999 $1,154 $1,287 $1,420
Fair Market Rents in Odessa

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
$781 $901 $1,164 $1,451 $1,821