Low Income Apartments In Sherman County
There are 0 low income housing apartment complexes which contain 0 affordable apartments for rent in Sherman County, Texas. Many of these rental apartments are income based housing with about 0 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 0 Project-Based Section 8 subsidized apartments in Sherman County. There are 0 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.
Housing Authorities that serve Sherman County
|Panhandle Community Services||Section 8 Housing Choice Voucher; Veteran Affairs Supportive Housing|
Guide To Affordable Housing in Sherman County, Texas
Sherman County, TX Affordable Housing Snapshot
|Total Affordable Apartment Properties||0|
|Total Low Income Apartments||0|
|Total Rent Assisted Apartments||0|
|Percentage of Housing Units Occupied By Renters||21.2%|
|Average Renter Household Size||3.32|
|Average Household Size||3.07|
|Median Household Income||$51,987 ±$4,386|
|Median Rent||$621 ±$138|
|Percentage Of Renters Overburdened||30.14% ± 12.95pp|
Population and Household Demographics
Sherman County is a County in Texas with a population of 3,066. There are 986 households in the county with an average household size of 3.07 persons. 21.2% of households in Sherman County are renters.
Income and Rent Overburden in Sherman County
The median gross income for households in Sherman County is $51,987 a year, or $4,332 a month. The median rent for the county is $621 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sherman County, a household making less than $2,070 a month would be considered overburdened when renting an apartment at or above the median rent. 30.14% of households who rent are overburdened in Sherman County.1
Area Median Income In Sherman County
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.
In Sherman County, HUD calculates the Area Median Income for a family of four as $0
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 Sherman County
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.
Fair Market Rents in Sherman County
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|