Low Income Apartments In Parker County
Texas

Low Income Apartments In Parker County

Waterwood Apartments

500 E 7th St
Springtown, TX
1-2 BR
HCV Welcome
Subsidized

Azle Village

201 Las Bresas St
Azle, TX
1-2 BR
Subsidized

Park View Terrace

1301 Holland Lake Dr
Weatherford, TX
62+
Accessible
Elderly Supportive Housing
Subsidized

Fox Hollow Townhomes

202 Sweetwater Dr
Weatherford, TX
HCV Welcome

Cypress View Villas

200 Atwood Ct
Weatherford, TX
HCV Welcome

Eagle Lake Gardens Apartments

1300 Village Garden Dr
Azle, TX
Subsidized

Azle Oaks I and II

700 Jarvis Ln
Azle, TX
Subsidized

M - Rental - 2000

101 Swan Ct
Springtown, TX
HCV Welcome

M - Rhd - Spring Garden - 2001

100 Senior Pl
Springtown, TX
HCV Welcome

Gateway Village Apartments

313 Gateway St
Azle, TX
Subsidized

There are 14 low income housing apartment complexes which contain 900 affordable apartments for rent in Parker County, Texas. Many of these rental apartments are income based housing with about 442 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 0 Project-Based Section 8 subsidized apartments in Parker County. There are 458 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Parker County

Housing Authority Programs
Weatherford Housing Authority Section 8 Housing Choice Voucher

Guide To Affordable Housing in Parker County, Texas

Parker County, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 900
Total Rent Assisted Apartments 442
Percentage of Housing Units Occupied By Renters 22.25%
Average Renter Household Size 2.60
Total Population 121,418
Housing Units 42,781
Average Household Size 2.78
Median Household Income $67,288 ±$2,635
Median Rent $900 ±$28
Percentage Of Renters Overburdened 38.38% ± 4.26pp

Population and Household Demographics

Parker County is a County in Texas with a population of 121,418. There are 42,781 households in the county with an average household size of 2.78 persons. 22.25% of households in Parker County are renters.

Income and Rent Overburden in Parker County

The median gross income for households in Parker County is $67,288 a year, or $5,607 a month. The median rent for the county is $900 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Parker County, a household making less than $3,000 a month would be considered overburdened when renting an apartment at or above the median rent. 38.38% of households who rent are overburdened in Parker County.1

Area Median Income In Parker 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 Parker County, HUD calculates the Area Median Income for a family of four as $75,200

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 Parker 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 Parker County HUD Rental Assistance in Parker County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,800 $18,050 $20,780 $25,100 $29,420 $33,740 $38,060 $42,380
50% of Median $26,350 $30,100 $33,850 $37,600 $40,650 $43,650 $46,650 $49,650
80% of Median $42,150 $48,150 $54,150 $60,150 $65,000 $69,800 $74,600 $79,400
Low Income Housing Tax Credits in Parker County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1991 to 2006, 5 low income apartment communities containing 521 rental apartments have been constructed and made affordable to low income persons in Parker County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Parker County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $31,620 $36,120 $40,620 $45,120 $48,780 $52,380 $55,980 $59,580

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Parker County is $40,620 a year, or $3,385 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,385 by 30% to get a maximum rent of $1,016 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $659 $706 $846 $978 $1,091 $1,204
60% $791 $847 $1,016 $1,174 $1,310 $1,445
Fair Market Rents in Parker County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$754 $853 $1,068 $1,460 $1,851

Cities In Parker County

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

City Listings Served By
Azle 4 The HUD funded Public Housing Agency that serves Azle is the Weatherford Housing Authority.
Weatherford 4 The HUD funded Public Housing Agency that serves Weatherford is the Weatherford Housing Authority.
Springtown 4 The HUD funded Public Housing Agency that serves Springtown is the Weatherford Housing Authority.
Aledo 0 The HUD funded Public Housing Agency that serves Aledo is the Weatherford Housing Authority.
Annetta 0 The HUD funded Public Housing Agency that serves Annetta is the Weatherford Housing Authority.
Annetta North 0 The HUD funded Public Housing Agency that serves Annetta North is the Weatherford Housing Authority.
Annetta South 0 The HUD funded Public Housing Agency that serves Annetta South is the Weatherford Housing Authority.
Briar 0 The HUD funded Public Housing Agency that serves Briar is the Weatherford Housing Authority.
Cool 0 The HUD funded Public Housing Agency that serves Cool is the Weatherford Housing Authority.
Horseshoe Bend 0 The HUD funded Public Housing Agency that serves Horseshoe Bend is the Weatherford Housing Authority.
Hudson Oaks 0 The HUD funded Public Housing Agency that serves Hudson Oaks is the Weatherford Housing Authority.
Millsap 0 The HUD funded Public Housing Agency that serves Millsap is the Weatherford Housing Authority.
Reno 2 The HUD funded Public Housing Agency that serves Reno is the Weatherford Housing Authority.
Sanctuary 0 The HUD funded Public Housing Agency that serves Sanctuary is the Weatherford Housing Authority.
Western Lake 0 The HUD funded Public Housing Agency that serves Western Lake is the Weatherford Housing Authority.
Willow Park 0 The HUD funded Public Housing Agency that serves Willow Park is the Weatherford Housing Authority.