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Affordable Housing In Rancho Viejo
Cameron County, Texas

Housing Authorities that serve Rancho Viejo

Housing Authority Programs
Cameron County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Rancho Viejo, Texas

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

Income Based Apartments in Rancho Viejo, Texas

Rancho Viejo 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 Rancho Viejo, Texas

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

Housing Choice Vouchers in Rancho Viejo, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Rancho Viejo, Texas for a two-bedroom apartment is between $678 and $828.

2021 Rancho Viejo, 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 $586 $590 $753 $989 $1,138
Payment Standard Range $527 to $645 $531 to $649 $678 to $828 $890 to $1,088 $1,024 to $1,252

Sourced from federal housing data and research.

Rancho Viejo, 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 20.27%
Average Renter Household Size 2.59
Average Household Size 2.56
Median Household Income $64,575 ±$17,806
Median Rent $1,154 ±$183
Percentage Of Renters Overburdened 49.44% ± 16.24pp
Total Population 2,277

Population and Household Demographics

Rancho Viejo is a city in Cameron County, Texas with a population of 2,277. There are 888 households in the city with an average household size of 2.56 persons. 20.27% of households in Rancho Viejo are renters.

Income and Rent Overburden in Rancho Viejo

The median gross income for households in Rancho Viejo is $64,575 a year, or $5,381 a month. The median rent for the city is $1,154 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rancho Viejo, a household making less than $3,847 a month would be considered overburdened when renting an apartment at or above the median rent. 49.44% of households who rent are overburdened in Rancho Viejo.

Area Median Income In Rancho Viejo

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 Rancho Viejo, the AMI is calculated from all households within Cameron County.

In Rancho Viejo, HUD calculates the Area Median Income for a family of four as $47,800

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 Rancho Viejo

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 Rancho Viejo

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