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Affordable Housing In Owl Ranch
Jim Wells County, Texas

Guide To Affordable Housing in Owl Ranch, Texas

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

Income Based Apartments in Owl Ranch, Texas

Owl Ranch 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 Owl Ranch, Texas

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

Housing Choice Vouchers in Owl Ranch, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Owl Ranch, Texas for a two-bedroom apartment is between $744 and $910.

2020 Owl Ranch, 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 $601 $628 $827 $1,031 $1,120
Payment Standard Range $541 to $661 $565 to $691 $744 to $910 $928 to $1,134 $1,008 to $1,232

Sourced from federal housing data and AffordableHousingOnline.com research.

Owl Ranch, 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 49.43%
Average Renter Household Size 1.91
Average Household Size 1.45
Median Household Income $0 ±$0
Median Rent $0 ±$0
Percentage Of Renters Overburdened 100% ± 52.36pp
Total Population 126

Population and Household Demographics

Owl Ranch is a city in Jim Wells County, Texas with a population of 126. There are 87 households in the city with an average household size of 1.45 persons. 49.43% of households in Owl Ranch are renters.

Income and Rent Overburden in Owl Ranch

The median gross income for households in Owl Ranch is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Owl Ranch, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 100% of households who rent are overburdened in Owl Ranch.

Area Median Income In Owl Ranch

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 Owl Ranch, the AMI is calculated from all households within Jim Wells County.

In Owl Ranch, HUD calculates the Area Median Income for a family of four as $55,400

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 Owl Ranch

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 Owl Ranch

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,760 $17,240 $21,720 $26,200 $30,680 $34,200 $36,550 $38,900
50% of Median $20,650 $23,600 $26,550 $29,450 $31,850 $34,200 $36,550 $38,900
80% of Median $33,000 $37,700 $42,400 $47,100 $50,900 $54,650 $58,450 $62,200