How many renters live in Wolfforth, Texas?
The City of Wolfforth has 5,779 people living in 1,891 households.
There are 1,197 renters living in 399 renter households in this City. Renters make up 20.71 percent of the population living in Wolfforth.
What is the rental market like in Wolfforth, Texas?
There are an estimated 2,027 housing units in the Wolfforth area. Of these, 424 units are rental homes, making up 21 percent of the housing market. For every renter household in Wolfforth, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Wolfforth?
The rental vacancy rate in Wolfforth is 0 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 Wolfforth for each bedroom size?
Occupied Rental Units by Size in Wolfforth
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 18 | 26 | 93 | 217 | 45 |
Occupied Rental Units by Size in Wolfforth
A large number of apartments in Wolfforth 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 Wolfforth are overburdened by housing costs?
Among renter households in this market, 36 percent have housing cost burden. Further, 23 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 Wolfforth
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $778 to $1,829. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $778 |
| One BR | $931 |
| Two BR | $1,113 |
| Three BR | $1,551 |
| Four BR | $1,829 |
2024 Fair Market Rents in Wolfforth, Texas
How many units are rented at Fair Market Rent (FMR) in Wolfforth?
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 | 18 | 100 percent |
| One BR | 26 | 100 percent |
| Two BR | 8 | 9 percent |
Rental Units Below FMR in Wolfforth, Texas
How many affordable rental units are in Wolfforth?
There are a variety of federal affordable housing programs serving households in Wolfforth, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 41 |
Tracked Units by Federal Program in Wolfforth, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Wolfforth, Texas
Wolfforth 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 Wolfforth, Texas
There are 201 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wolfforth.
Housing Choice Vouchers in Wolfforth, Texas
On average, Section 8 Housing Choice vouchers pay Wolfforth landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Wolfforth.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wolfforth, Texas for a two-bedroom apartment is between $1,002 and $1,224.
Sourced from federal housing data and AffordableHousingOnline.com research.
