Low Income Apartments and Affordable Housing For Rent in Shepherd, TX

Discover affordable housing in Shepherd where there are 3+ 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.

Shepherd South II

2050 S Byrd Ave, Shepherd, Texas 77371

Shepherd Seniors Apartments

1791 S Byrd Ave, Shepherd, Texas 77371

Shepherd South II Apartments

900 S Byrd Ave, Shepherd, Texas 77371

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Shepherd, Texas
$17.18/hour
$9.93 (+137%) more than Texas minimum wage and $9.93 (+137%) more than the Federal minimum wage.
Learn More About Shepherd, Texas Affordable Housing ↓

What HUD offices serve Shepherd, 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), Homeownership Voucher, Family Self-Sufficiency programs for Shepherd, Texas.

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

How many renters live in Shepherd, Texas?

The City of Shepherd has 2,318 people living in 653 households.

There are 695 renters living in 235 renter households in this City. Renters make up 29.98 percent of the population living in Shepherd.

What is the rental market like in Shepherd, Texas?

There are an estimated 972 housing units in the Shepherd area. Of these, 244 units are rental homes, making up 25 percent of the housing market. For every renter household in Shepherd, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Shepherd?

The rental vacancy rate in Shepherd is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Shepherd for each bedroom size?

Occupied Rental Units by Size in Shepherd
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 21 156 33 25
Occupied Rental Units by Size in Shepherd

A large number of apartments in Shepherd 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 Shepherd are overburdened by housing costs?

Among renter households in this market, 35 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 Shepherd

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $706 to $1,208. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $706
One BR $808
Two BR $907
Three BR $1,203
Four BR $1,208
2024 Fair Market Rents in Shepherd, Texas

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

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
One BR 15 71 percent
Two BR 98 63 percent
Rental Units Below FMR in Shepherd, Texas

How many affordable rental units are in Shepherd?

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

Federal Program Unit Count
Low Income Housing Tax Credit 128
USDA Section 515 Rural Rental Housing 80
Tracked Units by Federal Program in Shepherd, Texas

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

Income Based Apartments in Shepherd, Texas

Shepherd features 80 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 Shepherd, Texas

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Shepherd.

Housing Choice Vouchers in Shepherd, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Shepherd, Texas for a two-bedroom apartment is between $816 and $998.

Sourced from federal housing data and AffordableHousingOnline.com research.