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Affordable Housing In Richmond
Fort Bend County, Texas

1 Low Income Apartment Communities In Richmond

Brazos Bend Villas Apartments

2020 Rocky Falls Rd
Richmond, Texas
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Housing Authorities that serve Richmond

Housing Authority Programs
Texas Department of Housing and Community Affairs Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Richmond, Texas

There are 1 low income housing apartment communities offering 120 affordable apartments for rent in Richmond, Texas.

Income Based Apartments in Richmond, Texas

Richmond 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 Richmond, Texas

There are 120 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richmond.

Housing Choice Vouchers in Richmond, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Richmond, Texas for a two-bedroom apartment is between $986 and $1,206.

2020 Richmond, 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 $826 $908 $1,096 $1,485 $1,878
Payment Standard Range $743 to $909 $817 to $999 $986 to $1,206 $1,337 to $1,634 $1,690 to $2,066

Sourced from federal housing data and AffordableHousingOnline.com research.

Richmond, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 120
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 45.4%
Average Renter Household Size 2.74
Average Household Size 2.94
Median Household Income $46,559 ±$6,744
Median Rent $705 ±$92
Percentage Of Renters Overburdened 39.29% ± 10.28pp
Total Population 11,895

Population and Household Demographics

Richmond is a city in Fort Bend County, Texas with a population of 11,895. There are 3,661 households in the city with an average household size of 2.94 persons. 45.4% of households in Richmond are renters.

Income and Rent Overburden in Richmond

The median gross income for households in Richmond is $46,559 a year, or $3,880 a month. The median rent for the city is $705 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Richmond, a household making less than $2,350 a month would be considered overburdened when renting an apartment at or above the median rent. 39.29% of households who rent are overburdened in Richmond.

Area Median Income In Richmond

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 Richmond, the AMI is calculated from all households within Fort Bend County.

In Richmond, HUD calculates the Area Median Income for a family of four as $78,800

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 Richmond

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 Richmond

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,600 $18,950 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $27,600 $31,550 $35,500 $39,400 $42,600 $45,750 $48,900 $52,050
80% of Median $44,150 $50,450 $56,750 $63,050 $68,100 $73,150 $78,200 $83,250