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Affordable Housing In Palo Pinto County

7 Low Income Apartment Communities In Palo Pinto County

Sandstone Foothills

402 Brazos Dr
Mineral Wells, Texas
Call For Rent
Studio-1 BR
Elderly Supportive Housing

Cedar View Apartments

1701 Highway 180 West
Mineral Wells, Texas
Accepts Vouchers

Mineral Wells Pioneer Crossing

2509 E Hubbard St
Mineral Wells, Texas
Accepts Vouchers

Royal Gardens Mineral Wells

1500 SE Martin Luther King Jr St
Mineral Wells, Texas
Accepts Vouchers

201 NE 27th St

201 NE 27th St
Mineral Wells, Texas

Southridge Apartments

103 SE 19th St
Mineral Wells, Texas

Heritage Manor Apts

2503 Se 7th St
Mineral Wells, Texas
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Guide To Affordable Housing in Palo Pinto County, Texas

There are 7 low income housing apartment communities offering 443 affordable apartments for rent in Palo Pinto County, Texas.

Income Based Apartments in Palo Pinto County, Texas

Palo Pinto County features 216 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 Palo Pinto County, Texas

There are 227 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Palo Pinto County.

Housing Choice Vouchers in Palo Pinto County, Texas

On average, Section 8 Housing Choice vouchers pay Palo Pinto County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Palo Pinto County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Palo Pinto County, Texas for a two-bedroom apartment is between $694 and $848.

2020 Palo Pinto 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 $526 $599 $771 $1,031 $1,227
Payment Standard Range $473 to $579 $539 to $659 $694 to $848 $928 to $1,134 $1,104 to $1,350

Sourced from federal housing data and research.

Palo Pinto County, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 443
Total Housing Units with Rental Assistance 216
Percentage of Housing Units Occupied By Renters 31.88%
Average Renter Household Size 2.73
Average Household Size 2.62
Median Household Income $39,516 ±$1,932
Median Rent $702 ±$41
Percentage Of Renters Overburdened 44.91% ± 6.45pp
Total Population 27,921

Population and Household Demographics

Palo Pinto County is a county in Texas with a population of 27,921. There are 10,562 households in the county with an average household size of 2.62 persons. 31.88% of households in Palo Pinto County are renters.

Income and Rent Overburden in Palo Pinto County

The median gross income for households in Palo Pinto County is $39,516 a year, or $3,293 a month. The median rent for the county is $702 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Palo Pinto County, a household making less than $2,340 a month would be considered overburdened when renting an apartment at or above the median rent. 44.91% of households who rent are overburdened in Palo Pinto County.

Area Median Income In Palo Pinto 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 Palo Pinto County, HUD calculates the Area Median Income for a family of four as $57,400

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 Palo Pinto 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 Palo Pinto County

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

Cities In Palo Pinto County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Mineral Wells The HUD funded Public Housing Agency that serves Mineral Wells is the Housing Authority the City of Mineral Wells.
Palo Pinto