Affordable Housing In Wichita Falls
Wichita County, Texas

19 Low Income Apartment Communities In Wichita Falls

Parkstone Senior Village

1727 Rathgeber Rd
Wichita Falls, TX
$481-600
1-2 BR
HCV Welcome

Green Briar Apartments

901 Airport Drive
Wichita Falls, TX
$475-650
1-3 BR
HCV Welcome

Royal Gardens Apartments

4606 Johnson Rd
Wichita Falls, TX
Call For Rent
1-3 BR
HCV Welcome

Cascade Villas

4822 Fairway Blvd
Wichita Falls, TX
Call For Rent
2-3 BR
HCV Welcome

Reserves at Summit West

4558 Barnett Rd
Wichita Falls, TX
HCV Welcome

Indian Falls Apartments

4540 Barnett Rd
Wichita Falls, TX
Subsidized

Midtown Manor Inc

400 Burnett St
Wichita Falls, TX
62+
Accessible
Elderly Supportive Housing
Subsidized

Sun Valley

1315 Central Fwy E
Wichita Falls, TX
Subsidized

The Reserves at Maplewood

3200 Maplewood Avenue
Wichita Falls, TX

Country Park Apartments

5282 Professional Dr
Wichita Falls, TX
Subsidized

Housing Authorities that serve Wichita Falls

Housing Authority Programs
Housing Authority of Wichita Falls Public Housing
Wichita Falls Housing Assistance Program Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Wichita Falls, Texas

According to federal housing data and AffordableHousingOnline.com research, there are 19 low income housing apartment communities offering 2,346 affordable apartments for rent in Wichita Falls, Texas. Wichita Falls features 1,641 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 669 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Wichita Falls.

Wichita Falls, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 19
Total Low Income Apartments 2,346
Total Housing Units with Rental Assistance 1,641
Percentage of Housing Units Occupied By Renters 42.92%
Average Renter Household Size 2.22
Average Household Size 2.44
Median Household Income $44,543 ±$1,666
Median Rent $732 ±$21
Percentage Of Renters Overburdened 45.28% ± 2.93pp
Total Population 104,926

Population and Household Demographics

Wichita Falls is a City in Wichita County, Texas with a population of 104,926. There are 37,200 households in the city with an average household size of 2.44 persons. 42.92% of households in Wichita Falls are renters.

Income and Rent Overburden in Wichita Falls

The median gross income for households in Wichita Falls is $44,543 a year, or $3,712 a month. The median rent for the city is $732 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wichita Falls, a household making less than $2,440 a month would be considered overburdened when renting an apartment at or above the median rent. 45.28% of households who rent are overburdened in Wichita Falls.1

Area Median Income In Wichita Falls

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 Wichita Falls, the AMI is calculated from all households within Wichita County.

In Wichita Falls, HUD calculates the Area Median Income for a family of four as $59,600

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 Wichita Falls

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 Wichita Falls HUD Rental Assistance in Wichita Falls

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,600 $16,910 $21,330 $25,750 $30,170 $34,590 $37,100 $39,500
50% of Median $20,950 $23,950 $26,950 $29,900 $32,300 $34,700 $37,100 $39,500
80% of Median $33,500 $38,300 $43,100 $47,850 $51,700 $55,550 $59,350 $63,200
Low Income Housing Tax Credits in Wichita Falls

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1996 to 2004, 3 low income apartment communities containing 518 rental apartments have been constructed and made affordable to low income persons in Wichita Falls by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Wichita Falls

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,950 $23,950 $26,950 $29,900 $32,300 $34,700 $37,100 $39,500
60% of Median $25,140 $28,740 $32,340 $35,880 $38,760 $41,640 $44,520 $47,400

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Wichita Falls is $32,340 a year, or $2,695 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,695 by 30% to get a maximum rent of $809 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $524 $561 $674 $778 $868 $958
60% $629 $674 $809 $933 $1,041 $1,149
Fair Market Rents in Wichita Falls

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$525 $605 $784 $1,079 $1,308