Affordable Housing In San Marcos
12 Low Income Apartment Communities In San Marcos
Housing Authorities that serve San Marcos
|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
There are 12 low income housing apartment communities offering 1,789 affordable apartments for rent in San Marcos, Texas.
Income Based Apartments in San Marcos, Texas
San Marcos features 403 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 San Marcos, Texas
There are 1,386 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in San Marcos.
Housing Choice Vouchers in San Marcos, Texas
On average, Section 8 Housing Choice vouchers pay San Marcos landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in San Marcos.
The maximum amount a voucher would pay on behalf of a low-income tenant in San Marcos, Texas for a two-bedroom apartment is between $1,220 and $1,492.
2020 San Marcos, 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||$988||$1,134||$1,356||$1,763||$2,128|
|Payment Standard Range||$889 to $1,087||$1,021 to $1,247||$1,220 to $1,492||$1,587 to $1,939||$1,915 to $2,341|
Sourced from federal housing data and AffordableHousingOnline.com research.
San Marcos, TX Affordable Housing Snapshot
|Total Affordable Apartment Properties||12|
|Total Low Income Apartments||1,789|
|Total Housing Units with Rental Assistance||403|
|Percentage of Housing Units Occupied By Renters||72.44%|
|Average Renter Household Size||2.35|
|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 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|