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Affordable Housing In Oldham County
Texas

Housing Authorities that serve Oldham County

Housing Authority Programs
Panhandle Community Services Section 8 Housing Choice Voucher (HCV); Veteran Affairs Supportive Housing (VASH)

Guide To Affordable Housing in Oldham County, Texas

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Oldham County, Texas.

Income Based Apartments in Oldham County, Texas

Oldham County 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 Oldham County, Texas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oldham County.

Housing Choice Vouchers in Oldham County, Texas

On average, Section 8 Housing Choice vouchers pay Oldham County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Oldham County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Oldham County, Texas for a two-bedroom apartment is between $887 and $1,085.

2020 Oldham County, 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 $673 $764 $986 $1,229 $1,508
Payment Standard Range $606 to $740 $688 to $840 $887 to $1,085 $1,106 to $1,352 $1,357 to $1,659

Sourced from federal housing data and AffordableHousingOnline.com research.

Oldham County, 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 23.91%
Average Renter Household Size 2.40
Average Household Size 2.52
Median Household Income $50,893 ±$11,047
Median Rent $675 ±$229
Percentage Of Renters Overburdened 21.57% ± 14.7pp
Total Population 2,071

Population and Household Demographics

Oldham County is a county in Texas with a population of 2,071. There are 640 households in the county with an average household size of 2.52 persons. 23.91% of households in Oldham County are renters.

Income and Rent Overburden in Oldham County

The median gross income for households in Oldham County is $50,893 a year, or $4,241 a month. The median rent for the county is $675 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Oldham County, a household making less than $2,250 a month would be considered overburdened when renting an apartment at or above the median rent. 21.57% of households who rent are overburdened in Oldham County.

Area Median Income In Oldham County

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.

In Oldham County, HUD calculates the Area Median Income for a family of four as $80,000

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 Oldham County

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 Oldham County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,900 $18,200 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $26,500 $30,250 $34,050 $37,800 $40,850 $43,850 $46,900 $49,900
80% of Median $42,350 $48,400 $54,450 $60,500 $65,350 $70,200 $75,050 $79,900