Affordable Housing In Wise County
13 Low Income Apartment Communities In Wise County
Housing Authorities that serve Wise County
|Texas Department of Housing and Community Affairs||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Wise County, Texas
There are 13 low income housing apartment communities offering 492 affordable apartments for rent in Wise County, Texas.
Income Based Apartments in Wise County, Texas
Wise County features 390 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 Wise County, Texas
There are 102 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wise County.
Housing Choice Vouchers in Wise County, Texas
On average, Section 8 Housing Choice vouchers pay Wise County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Wise County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wise County, Texas for a two-bedroom apartment is between $951 and $1,163.
2020 Wise County, 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||$902||$929||$1,057||$1,317||$1,482|
|Payment Standard Range||$812 to $992||$836 to $1,022||$951 to $1,163||$1,185 to $1,449||$1,334 to $1,630|
Sourced from federal housing data and AffordableHousingOnline.com research.
Wise County, TX Affordable Housing Snapshot
|Total Affordable Apartment Properties||13|
|Total Low Income Apartments||492|
|Total Housing Units with Rental Assistance||390|
|Percentage of Housing Units Occupied By Renters||21.99%|
|Average Renter Household Size||2.81|
|Average Household Size||2.86|
|Median Household Income||$56,897 ±$3,006|
|Median Rent||$885 ±$46|
|Percentage Of Renters Overburdened||39.28% ± 6.04pp|
Population and Household Demographics
Wise County is a county in Texas with a population of 61,243. There are 21,068 households in the county with an average household size of 2.86 persons. 21.99% of households in Wise County are renters.
Income and Rent Overburden in Wise County
The median gross income for households in Wise County is $56,897 a year, or $4,741 a month. The median rent for the county is $885 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wise County, a household making less than $2,950 a month would be considered overburdened when renting an apartment at or above the median rent. 39.28% of households who rent are overburdened in Wise County.
Area Median Income In Wise County
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.
In Wise County, HUD calculates the Area Median Income for a family of four as $70,800
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 Wise County
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 Wise County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,900||$17,240||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$24,800||$28,350||$31,900||$35,400||$38,250||$41,100||$43,900||$46,750|
|80% of Median||$39,700||$45,350||$51,000||$56,650||$61,200||$65,750||$70,250||$74,800|
Cities In Wise County
Select A City to View its Apartment Communities and Waiting Lists.
|Alvord||The HUD funded Public Housing Agency that serves Alvord is the Texas Department of Housing and Community Affairs.|
|Aurora||The HUD funded Public Housing Agency that serves Aurora is the Texas Department of Housing and Community Affairs.|
|Boyd||The HUD funded Public Housing Agency that serves Boyd is the Texas Department of Housing and Community Affairs.|
|Bridgeport||The HUD funded Public Housing Agencies that serve Bridgeport are the Housing Authority of Bridgeport and Texas Department of Housing and Community Affairs.|
|Chico||The HUD funded Public Housing Agency that serves Chico is the Texas Department of Housing and Community Affairs.|
|Decatur||The HUD funded Public Housing Agencies that serve Decatur are the Housing Authority of Decatur and Texas Department of Housing and Community Affairs.|
|Lake Bridgeport||The HUD funded Public Housing Agency that serves Lake Bridgeport is the Texas Department of Housing and Community Affairs.|
|New Fairview||The HUD funded Public Housing Agency that serves New Fairview is the Texas Department of Housing and Community Affairs.|
|Paradise||The HUD funded Public Housing Agency that serves Paradise is the Texas Department of Housing and Community Affairs.|
|Rhome||The HUD funded Public Housing Agency that serves Rhome is the Texas Department of Housing and Community Affairs.|
|Runaway Bay||The HUD funded Public Housing Agency that serves Runaway Bay is the Texas Department of Housing and Community Affairs.|