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Affordable Housing In Tatum
Panola County, Texas

2 Low Income Apartment Communities In Tatum

101A McNeese Cir

101A McNeese Cir
Tatum, Texas

Tatum Square Apartments

360 W Sterling Price St
Tatum, Texas
Subsidized
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Housing Authorities that serve Tatum

Housing Authority Programs
Tatum Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Beckville Housing Authority Public Housing

Guide To Affordable Housing in Tatum, Texas

There are 2 low income housing apartment communities offering 64 affordable apartments for rent in Tatum, Texas.

Income Based Apartments in Tatum, Texas

Tatum features 64 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 Tatum, Texas

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

Housing Choice Vouchers in Tatum, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Tatum, Texas for a two-bedroom apartment is between $667 and $815.

2020 Tatum, 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 $549 $563 $741 $923 $1,073
Payment Standard Range $494 to $604 $507 to $619 $667 to $815 $831 to $1,015 $966 to $1,180

Sourced from federal housing data and AffordableHousingOnline.com research.

Tatum, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 64
Total Housing Units with Rental Assistance 64
Percentage of Housing Units Occupied By Renters 30.93%
Average Renter Household Size 2.16
Average Household Size 2.56
Median Household Income $33,250 ±$10,642
Median Rent $468 ±$119
Percentage Of Renters Overburdened 49.14% ± 19.03pp
Total Population 960

Population and Household Demographics

Tatum is a city in Panola County, Texas with a population of 960. There are 375 households in the city with an average household size of 2.56 persons. 30.93% of households in Tatum are renters.

Income and Rent Overburden in Tatum

The median gross income for households in Tatum is $33,250 a year, or $2,771 a month. The median rent for the city is $468 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Tatum, a household making less than $1,560 a month would be considered overburdened when renting an apartment at or above the median rent. 49.14% of households who rent are overburdened in Tatum.

Area Median Income In Tatum

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 Tatum, the AMI is calculated from all households within Panola County.

In Tatum, HUD calculates the Area Median Income for a family of four as $61,100

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 Tatum

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 Tatum

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,850 $17,240 $21,720 $26,200 $30,680 $35,160 $37,900 $40,350
50% of Median $21,400 $24,450 $27,500 $30,550 $33,000 $35,450 $37,900 $40,350
80% of Median $34,250 $39,150 $44,050 $48,900 $52,850 $56,750 $60,650 $64,550