Low Income Apartments and Affordable Housing For Rent in Palo Pinto County, TX

Discover affordable housing in Palo Pinto County where there are 7+ 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.

Royal Gardens Mineral Wells

1500 SE Martin Luther King Jr St, Mineral Wells, Texas 76067

Cedar View Apartments

1701 Highway 180 West, Mineral Wells, Texas 76067

Southridge Apartments

103 SE 19th St, Mineral Wells, Texas 76067

Sandstone Foothills

402 Brazos Drive, Mineral Wells, Texas 76067

Mineral Wells Pioneer Crossing

2509 E Hubbard St, Mineral Wells, Texas 76067

Heritage Manor Apts

2503 Se 7th St, Mineral Wells, Texas

201 NE 27th St

201 NE 27th St, Mineral Wells, Texas 76067

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Palo Pinto County, Texas
$19.91/hour
$12.66 (+175%) more than Texas minimum wage and $12.66 (+175%) more than the Federal minimum wage.
Learn More About Palo Pinto County, Texas Affordable Housing ↓

How many renters live in Palo Pinto County, Texas?

The County of Palo Pinto County has 28,569 people living in 10,640 households.

There are 7,988 renters living in 2,973 renter households in this County. Renters make up 27.96 percent of the population living in Palo Pinto County.

What is the rental market like in Palo Pinto County, Texas?

There are an estimated 15,138 housing units in the Palo Pinto County area. Of these, 3,072 units are rental homes, making up 20 percent of the housing market. For every renter household in Palo Pinto County, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Palo Pinto County?

The rental vacancy rate in Palo Pinto County is 3 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 Palo Pinto County for each bedroom size?

Occupied Rental Units by Size in Palo Pinto County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
53 386 1,243 1,134 154
Occupied Rental Units by Size in Palo Pinto County

A large number of apartments in Palo Pinto County 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 Palo Pinto County are overburdened by housing costs?

Among renter households in this market, 44 percent have housing cost burden. Further, 23 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 Palo Pinto County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $795 to $1,705. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $795
One BR $800
Two BR $1,051
Three BR $1,305
Four BR $1,705
2024 Fair Market Rents in Palo Pinto County, Texas

How many units are rented at Fair Market Rent (FMR) in Palo Pinto County?

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 0 100 percent
One BR 303 78 percent
Two BR 844 68 percent
Rental Units Below FMR in Palo Pinto County, Texas

How many affordable rental units are in Palo Pinto County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 307
Public Housing 78
Section 8 Project-Based Rental Assistance 39
USDA Section 515 Rural Rental Housing 76
Tracked Units by Federal Program in Palo Pinto County, Texas

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

Income Based Apartments in Palo Pinto County, Texas

Palo Pinto County features 176 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 Palo Pinto County, Texas

There are 227 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Palo Pinto County.

Housing Choice Vouchers in Palo Pinto County, Texas

On average, Section 8 Housing Choice vouchers pay Palo Pinto County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Palo Pinto County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Palo Pinto County, Texas for a two-bedroom apartment is between $946 and $1,156.

Sourced from federal housing data and AffordableHousingOnline.com research.