Low Income Apartments and Affordable Housing For Rent in Wolfe City, TX

Discover affordable housing in Wolfe City where there are 2+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Willows Apartments

735 W. Main , Wolfe City, Texas 75496

Golden West Apartments

709 W. Witt St, Wolfe City, Texas 75496

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wolfe City, Texas
$33.30/hour
$26.05 (+359%) more than Texas minimum wage and $26.05 (+359%) more than the Federal minimum wage.
Learn More About Wolfe City, Texas Affordable Housing ↓

What HUD offices serve Wolfe City, 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.

Operates the Public Housing programs for Wolfe City, Texas.

Go to the Texas Public Housing and Low-Income Apartments Waiting Lists page for openings near Wolfe City.

How many renters live in Wolfe City, Texas?

The City of Wolfe City has 1,219 people living in 503 households.

There are 314 renters living in 149 renter households in this City. Renters make up 25.76 percent of the population living in Wolfe City.

What is the rental market like in Wolfe City, Texas?

There are an estimated 560 housing units in the Wolfe City area. Of these, 158 units are rental homes, making up 28 percent of the housing market. For every renter household in Wolfe City, Texas, there are 1 rental units.

What is the vacancy rate for rentals in Wolfe City?

The rental vacancy rate in Wolfe City is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Wolfe City for each bedroom size?

Occupied Rental Units by Size in Wolfe City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
19 29 85 14 2
Occupied Rental Units by Size in Wolfe City

A large number of apartments in Wolfe City have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Wolfe City are overburdened by housing costs?

Among renter households in this market, 17 percent have housing cost burden. Further, 8 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Wolfe City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,426 to $2,847. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,426
One BR $1,500
Two BR $1,758
Three BR $2,212
Four BR $2,847
2024 Fair Market Rents in Wolfe City, Texas

How many units are rented at Fair Market Rent (FMR) in Wolfe City?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 8 42 percent
One BR 28 97 percent
Two BR 65 76 percent
Rental Units Below FMR in Wolfe City, Texas

How many affordable rental units are in Wolfe City?

There are a variety of federal affordable housing programs serving households in Wolfe City, Texas including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 40
Public Housing 18
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Wolfe City, Texas

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Wolfe City, Texas

Wolfe City features 60 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 Wolfe City, Texas

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

Housing Choice Vouchers in Wolfe City, Texas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Wolfe City, Texas for a two-bedroom apartment is between $1,582 and $1,934.

Sourced from federal housing data and AffordableHousingOnline.com research.