What HUD offices serve Richland Springs, Texas?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Texas Public Housing and Low-Income Apartments Waiting Lists page for openings near Richland Springs.
How many renters live in Richland Springs, Texas?
The City of Richland Springs has people living in households.
There are renters living in renter households in this City. Renters make up 5.67 percent of the population living in Richland Springs.
What is the rental market like in Richland Springs, Texas?
There are an estimated housing units in the Richland Springs area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Richland Springs, Texas, there are 1.64 rental units.
What is the vacancy rate for rentals in Richland Springs?
The rental vacancy rate in Richland Springs is 39 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Richland Springs for each bedroom size?
Occupied Rental Units by Size in Richland Springs
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 2 | 9 | 0 |
Occupied Rental Units by Size in Richland Springs
A large number of apartments in Richland Springs have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Richland Springs
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $771 to $1,516. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $771 |
| One BR | $776 |
| Two BR | $1,020 |
| Three BR | $1,233 |
| Four BR | $1,516 |
2024 Fair Market Rents in Richland Springs, Texas
How many units are rented at Fair Market Rent (FMR) in Richland Springs?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Two BR | 2 | 100 percent |
Rental Units Below FMR in Richland Springs, Texas
How many affordable rental units are in Richland Springs?
Income Based Apartments in Richland Springs, Texas
Richland Springs 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 Richland Springs, Texas
There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richland Springs.
Housing Choice Vouchers in Richland Springs, Texas
On average, Section 8 Housing Choice vouchers pay Richland Springs landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Richland Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Richland Springs, Texas for a two-bedroom apartment is between $918 and $1,122.
Sourced from federal housing data and AffordableHousingOnline.com research.