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Timpson Seniors

329 Marcus St
Timpson, Texas
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1-2 BR
62+

W Side Villa and Happy Hollow

128 N 3rd St
Timpson, Texas
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There are 28 low-income apartments in Timpson that offer reduced rents to eligible households.

Rental assistance programs support 44 low-income homes in Timpson where households pay rent based on how much they earn.

Affordable rent data for some communities last confirmed on November 3rd, 2022. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Timpson, 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.

Housing Authority Programs
Housing Authority of Timpson Public Housing
Deep East Texas Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency
Go to the Texas Public Housing and Low-Income Apartments Waiting Lists page for openings near Timpson.

Timpson, Texas Affordable Housing Data

Income Based Apartments in Timpson, Texas

Timpson features 44 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 Timpson, Texas

There are 28 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Timpson.

Housing Choice Vouchers in Timpson, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Timpson, Texas for a two-bedroom apartment is between $743 and $909.

2023 Timpson, 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
Timpson, Texas Fair Market Rent $623 $698 $826 $1,174 $1,299
Timpson, Texas Payment Standard Range $561 to $685 $628 to $768 $743 to $909 $1,057 to $1,291 $1,169 to $1,429

Sourced from federal housing data and AffordableHousingOnline.com research.

Timpson, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 72
Total Housing Units with Rental Assistance 44
Percentage of Housing Units Occupied By Renters 44.55%
Average Renter Household Size 2.48
Average Household Size 2.74
Median Household Income $22,396 ±$10,427
Median Rent $388 ±$284
Percentage Of Renters Overburdened 29.78% ± 14.58pp
Total Population 1,385

Population and Household Demographics

Timpson is a city in Shelby County, Texas with a population of 1,385. There are 505 households in the city with an average household size of 2.74 persons. 44.55% of households in Timpson are renters.

Income and Rent Overburden in Timpson

The median gross income for households in Timpson is $22,396 a year, or $1,866 a month. The median rent for the city is $388 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Timpson, a household making less than $1,293 a month would be considered overburdened when renting an apartment at or above the median rent. 29.78% of households who rent are overburdened in Timpson.

Area Median Income In Timpson

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 Timpson, the AMI is calculated from all households within Shelby County.

In Timpson, HUD calculates the Area Median Income for a family of four as $64,700

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 Timpson

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 Timpson

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Timpson AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,200 $19,720 $24,860 $30,000 $35,140 $40,280 $44,750 $47,600
50% AMI Income Limits
Renters earning up to 50% of the Timpson AMI may qualify for rental assistance programs that target Very Low Income households.
$25,250 $28,850 $32,450 $36,050 $38,950 $41,850 $44,750 $47,600
80% AMI Income Limits
Renters earning up to 80% of the Timpson AMI may qualify for rental assistance programs that target Low Income households.
$40,400 $46,150 $51,900 $57,650 $62,300 $66,900 $71,500 $76,100