Affordable Housing In Panola County
Texas
8 Low Income Apartment Communities In Panola County
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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. |
