Low Income Apartments In Wise County
Texas

Low Income Apartments In Wise County

Estates of Bridgeport Phase IIi

316 Cuba Rd
Bridgeport, TX
62+
Accessible
Elderly Supportive Housing
Subsidized

Boyd South

400 S Allen St
Boyd, TX
Subsidized

Quail Run Apartments

1906 S College Ave
Decatur, TX
Subsidized

Butterfield Courts

1508 Cobb St
Bridgeport, TX

Eagles Ridge Terrace

1500 S State St
Decatur, TX
Subsidized

M - Rhd - Affordable Housing of Parker Count

317 Cuba Rd
Bridgeport, TX
HCV Welcome

Rhome Apartments Ltd

175 W Logan St
Rhome, TX
Subsidized

Hillside Homes

600 N Cowan St
Decatur, TX

Hilltop Apartments

91 Logan St
Rhome, TX
HCV Welcome

Henderson Terrace

1205 Henderson St
Bridgeport, TX
Subsidized

There are 13 low income housing apartment complexes which contain 492 affordable apartments for rent in Wise County. Many of these rental apartments are income based housing with 390 apartments that set rent based on your income. In Wise County, HUD housing programs support 16 rental assistance apartments through programs like Project-based Section 8. There are 102 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Wise County

Housing Authority Programs
Texas Department of Housing and Community Affairs Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Wise County

Housing Authority Programs
Housing Authority of Bridgeport Public Housing
Housing Authority of Decatur Public Housing

Guide To Affordable Housing in Wise County, Texas

Wise County, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 492
Total Rent Assisted Apartments 390
Percentage of Housing Units Occupied By Renters 21.99%
Average Renter Household Size 2.81
Total Population 61,243
Housing Units 21,068
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.1

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 $67,300

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 Wise County 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 $14,150 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,600 $26,950 $30,300 $33,650 $36,350 $39,050 $41,750 $44,450
80% of Median $37,700 $43,100 $48,500 $53,850 $58,200 $62,500 $66,800 $71,100
Low Income Housing Tax Credits in Wise County

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

From 1988 to 1998, 4 low income apartment communities containing 251 rental apartments have been constructed and made affordable to low income persons in Wise County 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 Wise County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $28,320 $32,340 $36,360 $40,380 $43,620 $46,860 $50,100 $53,340

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 Wise County is $36,360 a year, or $3,030 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,030 by 30% to get a maximum rent of $909 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% $590 $632 $758 $875 $976 $1,078
60% $708 $758 $909 $1,050 $1,172 $1,293
Fair Market Rents in Wise County

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$714 $857 $1,020 $1,278 $1,438

Cities In Wise County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Bridgeport 6 The HUD funded Public Housing Agencies that serve Bridgeport are the Housing Authority of Bridgeport and Texas Department of Housing and Community Affairs.
Rhome 3 The HUD funded Public Housing Agency that serves Rhome is the Texas Department of Housing and Community Affairs.
Decatur 3 The HUD funded Public Housing Agencies that serve Decatur are the Housing Authority of Decatur and Texas Department of Housing and Community Affairs.
Boyd 1 The HUD funded Public Housing Agency that serves Boyd is the Texas Department of Housing and Community Affairs.
Alvord 0 The HUD funded Public Housing Agency that serves Alvord is the Texas Department of Housing and Community Affairs.
Aurora 0 The HUD funded Public Housing Agency that serves Aurora is the Texas Department of Housing and Community Affairs.
Chico 0 The HUD funded Public Housing Agency that serves Chico is the Texas Department of Housing and Community Affairs.
Lake Bridgeport 0 The HUD funded Public Housing Agency that serves Lake Bridgeport is the Texas Department of Housing and Community Affairs.
New Fairview 0 The HUD funded Public Housing Agency that serves New Fairview is the Texas Department of Housing and Community Affairs.
Paradise 0 The HUD funded Public Housing Agency that serves Paradise is the Texas Department of Housing and Community Affairs.
Runaway Bay 0 The HUD funded Public Housing Agency that serves Runaway Bay is the Texas Department of Housing and Community Affairs.