Affordable Housing In San Marcos
Caldwell County, Texas

12 Low Income Apartment Communities In San Marcos

Riverview Apartments

601 River Road
San Marcos, TX
Call For Rent
2 BR
Subsidized

Springtown Villa

503 Springtown Way
San Marcos, TX
Subsidized

San Marcos Seniors Community II, Lp

500 Parker Dr
San Marcos, TX
HCV Welcome

M539119, Wonder World Drive

1350 Wonder World Dr
San Marcos, TX
HCV Welcome

Texas

Vacant Lot By Hwy 123 Broadway
San Marcos, TX
HCV Welcome

Sienna Pointe

2913 Hunter Rd
San Marcos, TX
HCV Welcome

Champions Crossings

345 Champion Blvd
San Marcos, TX
HCV Welcome

Stone Brook Seniors Community

300 S Stagecoach Trl
San Marcos, TX
HCV Welcome

Encino Pointe

1800 Post Rd
San Marcos, TX
HCV Welcome

Country Oaks Apartments

1951 Aquarena Springs Dr
San Marcos, TX
HCV Welcome

There are 12 low income housing apartment complexes which contain 1,789 affordable apartments for rent in San Marcos. Many of these rental apartments are income based housing with 403 apartments that set rent based on your income. In San Marcos, HUD housing programs support 114 rental assistance apartments through programs like Project-based Section 8. There are 1,386 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve San Marcos

Housing Authority Programs
San Marcos Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)
Texas Department of Housing and Community Affairs Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in San Marcos, Texas

San Marcos, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 1,789
Total Rent Assisted Apartments 403
Percentage of Housing Units Occupied By Renters 72.44%
Average Renter Household Size 2.35
Total Population 54,712
Housing Units 20,155
Average Household Size 2.41
Median Household Income $28,923 ±$2,511
Median Rent $939 ±$19
Percentage Of Renters Overburdened 67.47% ± 4.3pp

Population and Household Demographics

San Marcos is a City in Caldwell County, Texas with a population of 54,712. There are 20,155 households in the city with an average household size of 2.41 persons. 72.44% of households in San Marcos are renters.

Income and Rent Overburden in San Marcos

The median gross income for households in San Marcos is $28,923 a year, or $2,410 a month. The median rent for the city is $939 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In San Marcos, a household making less than $3,130 a month would be considered overburdened when renting an apartment at or above the median rent. 67.47% of households who rent are overburdened in San Marcos.1

Area Median Income In San Marcos

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 San Marcos, the AMI is calculated from all households within Caldwell County.

In San Marcos, HUD calculates the Area Median Income for a family of four as $95,900

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 San Marcos

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 San Marcos HUD Rental Assistance in San Marcos

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,900 $22,750 $25,600 $28,400 $30,700 $34,590 $39,010 $43,430
50% of Median $33,150 $37,850 $42,600 $47,300 $51,100 $54,900 $58,700 $62,450
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700
Low Income Housing Tax Credits in San Marcos

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

From 1996 to 2010, 8 low income apartment communities containing 1,461 rental apartments have been constructed and made affordable to low income persons in San Marcos 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 San Marcos

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $33,150 $37,850 $42,600 $47,300 $51,100 $54,900 $58,700 $62,450
60% of Median $39,780 $45,420 $51,120 $56,760 $61,320 $65,880 $70,440 $74,940

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 San Marcos is $51,120 a year, or $4,260 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,260 by 30% to get a maximum rent of $1,278 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% $829 $888 $1,065 $1,230 $1,373 $1,514
60% $995 $1,065 $1,278 $1,476 $1,647 $1,817
Fair Market Rents in San Marcos

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
$931 $1,086 $1,315 $1,734 $2,099