Low Income Apartments and Affordable Housing For Rent in Seven Points, TX

Discover affordable housing in Seven Points where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Seven Points Apartments

225 Wood St, Seven Points, Texas 75143

calendar_today Opened: Feb 1
Open Until Further Notice

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Seven Points, Texas
$19.24/hour
$11.99 (+165%) more than Texas minimum wage and $11.99 (+165%) more than the Federal minimum wage.
Learn More About Seven Points, Texas Affordable Housing ↓

What HUD offices serve Seven Points, 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Seven Points, Texas.

Go to the Texas Public Housing and Low-Income Apartments Waiting Lists page for openings near Seven Points.

How many renters live in Seven Points, Texas?

The City of Seven Points has 1,409 people living in 521 households.

There are 402 renters living in 142 renter households in this City. Renters make up 28.53 percent of the population living in Seven Points.

What is the rental market like in Seven Points, Texas?

There are an estimated 672 housing units in the Seven Points area. Of these, 164 units are rental homes, making up 24 percent of the housing market. For every renter household in Seven Points, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Seven Points?

The rental vacancy rate in Seven Points is 13 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 Seven Points for each bedroom size?

Occupied Rental Units by Size in Seven Points
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
5 8 79 50 0
Occupied Rental Units by Size in Seven Points

A large number of apartments in Seven Points have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Seven Points are overburdened by housing costs?

Among renter households in this market, 44 percent have housing cost burden. Further, 20 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Seven Points

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $781 to $1,491. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $781
One BR $808
Two BR $1,016
Three BR $1,346
Four BR $1,491
2024 Fair Market Rents in Seven Points, Texas

How many units are rented at Fair Market Rent (FMR) in Seven Points?

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
Studio 5 100 percent
One BR 8 100 percent
Two BR 50 63 percent
Rental Units Below FMR in Seven Points, Texas

How many affordable rental units are in Seven Points?

There are a variety of federal affordable housing programs serving households in Seven Points, Texas including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 47
USDA Section 515 Rural Rental Housing 36
Tracked Units by Federal Program in Seven Points, Texas

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Seven Points, Texas

Seven Points features 36 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 Seven Points, Texas

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

Housing Choice Vouchers in Seven Points, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Seven Points, Texas for a two-bedroom apartment is between $914 and $1,118.

Sourced from federal housing data and AffordableHousingOnline.com research.