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Affordable Housing In Panola County
Texas

8 Low Income Apartment Communities In Panola County

Panola Apartments

1100 S Adams St
Carthage, Texas
Subsidized

101A McNeese Cir

101A McNeese Cir
Tatum, Texas

Tatum Square Apartments

360 W Sterling Price St
Tatum, Texas
Subsidized

Panola Square Seniors Community CO Mjs Mgmt

700 Dixie Lake Rd
Carthage, Texas
Subsidized

Panola Seniors Community

700 Dixie Rd
Carthage, Texas

Carthage Heights Apartments

801 S Adams St
Carthage, Texas
Subsidized

Beckville

433 Monroe Rd
Beckville, Texas

The Woodland Apartments

700 Cottage Rd
Carthage, Texas
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Housing Authorities that serve Panola County

Housing Authority Programs
Tatum Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Beckville Housing Authority Public Housing

Guide To Affordable Housing in Panola County, Texas

There are 8 low income housing apartment communities offering 255 affordable apartments for rent in Panola County, Texas.

Income Based Apartments in Panola County, Texas

Panola County features 183 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 Panola County, Texas

There are 72 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Panola County.

Housing Choice Vouchers in Panola County, Texas

On average, Section 8 Housing Choice vouchers pay Panola County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Panola County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Panola County, Texas for a two-bedroom apartment is between $667 and $815.

2020 Panola 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 $549 $563 $741 $923 $1,073
Payment Standard Range $494 to $604 $507 to $619 $667 to $815 $831 to $1,015 $966 to $1,180

Sourced from federal housing data and AffordableHousingOnline.com research.

Panola County, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 255
Total Housing Units with Rental Assistance 183
Percentage of Housing Units Occupied By Renters 22.43%
Average Renter Household Size 2.89
Average Household Size 2.63
Median Household Income $50,119 ±$2,504
Median Rent $678 ±$58
Percentage Of Renters Overburdened 22.69% ± 7.02pp
Total Population 23,900

Population and Household Demographics

Panola County is a county in Texas with a population of 23,900. There are 8,923 households in the county with an average household size of 2.63 persons. 22.43% of households in Panola County are renters.

Income and Rent Overburden in Panola County

The median gross income for households in Panola County is $50,119 a year, or $4,177 a month. The median rent for the county is $678 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Panola County, a household making less than $2,260 a month would be considered overburdened when renting an apartment at or above the median rent. 22.69% of households who rent are overburdened in Panola County.

Area Median Income In Panola 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 Panola County, HUD calculates the Area Median Income for a family of four as $61,100

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 Panola 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 Panola County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,850 $17,240 $21,720 $26,200 $30,680 $35,160 $37,900 $40,350
50% of Median $21,400 $24,450 $27,500 $30,550 $33,000 $35,450 $37,900 $40,350
80% of Median $34,250 $39,150 $44,050 $48,900 $52,850 $56,750 $60,650 $64,550

Cities In Panola County

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

City Served By
Beckville The HUD funded Public Housing Agencies that serve Beckville are the Longview Housing Authority, Tatum Housing Authority and Beckville Housing Authority.
Carthage The HUD funded Public Housing Agencies that serve Carthage are the Longview Housing Authority, Tatum Housing Authority and Beckville Housing Authority.
Gary City The HUD funded Public Housing Agencies that serve Gary City are the Tatum Housing Authority and Beckville Housing Authority.
Tatum The HUD funded Public Housing Agencies that serve Tatum are the Tatum Housing Authority and Beckville Housing Authority.