Affordable Housing In Wild Peach Village
Brazoria County, Texas

Guide To Affordable Housing in Wild Peach Village, Texas

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Wild Peach Village, Texas.

Income Based Apartments in Wild Peach Village, Texas

Wild Peach Village features 0 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 Wild Peach Village, Texas

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

Housing Choice Vouchers in Wild Peach Village, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Wild Peach Village, Texas for a two-bedroom apartment is between $959 and $1,172.

2020 Wild Peach Village, 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 $716 $925 $1,065 $1,433 $1,870
Payment Standard Range $644 to $788 $833 to $1,018 $959 to $1,172 $1,290 to $1,576 $1,683 to $2,057

Sourced from federal housing data and research.

Wild Peach Village, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 20.59%
Average Renter Household Size 2.73
Average Household Size 3.03
Median Household Income $50,981 ±$3,974
Median Rent $867 ±$232
Percentage Of Renters Overburdened 9.32% ± 14.6pp
Total Population 2,367

Population and Household Demographics

Wild Peach Village is a City in Brazoria County, Texas with a population of 2,367. There are 782 households in the city with an average household size of 3.03 persons. 20.59% of households in Wild Peach Village are renters.

Income and Rent Overburden in Wild Peach Village

The median gross income for households in Wild Peach Village is $50,981 a year, or $4,248 a month. The median rent for the city is $867 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wild Peach Village, a household making less than $2,890 a month would be considered overburdened when renting an apartment at or above the median rent. 9.32% of households who rent are overburdened in Wild Peach Village.1

Area Median Income In Wild Peach Village

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 Wild Peach Village, the AMI is calculated from all households within Brazoria County.

In Wild Peach Village, HUD calculates the Area Median Income for a family of four as $94,200

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 Wild Peach Village

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 Wild Peach Village

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,800 $22,600 $25,450 $28,250 $30,550 $34,590 $39,010 $43,430
50% of Median $33,000 $37,700 $42,400 $47,100 $50,900 $54,650 $58,450 $62,200
80% of Median $52,750 $60,300 $67,850 $75,350 $81,400 $87,450 $93,450 $99,500