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Affordable Housing In Wood County

6 Low Income Apartment Communities In Wood County

Madison Oaks Apartments

1015 Gilmer Road
Winnsboro, Texas
Call For Rent
1-3 BR

West Meadows Apartments

784 Goodson Cir
Mineola, Texas

Yantis Village

100 Village Circle
Yantis, Texas

Pine Villas CO Ashcroft Group

704 S McAllister St
Quitman, Texas

Mineola Seniors Community

1136 N Newsom St
Mineola, Texas

Quitman Square

202 Richards St
Quitman, Texas
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Guide To Affordable Housing in Wood County, Texas

There are 6 low income housing apartment communities offering 200 affordable apartments for rent in Wood County, Texas.

Income Based Apartments in Wood County, Texas

Wood County features 44 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 Wood County, Texas

There are 156 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wood County.

Housing Choice Vouchers in Wood County, Texas

On average, Section 8 Housing Choice vouchers pay Wood County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Wood County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Wood County, Texas for a two-bedroom apartment is between $723 and $883.

2021 Wood 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 $589 $609 $803 $1,032 $1,195
Payment Standard Range $530 to $648 $548 to $670 $723 to $883 $929 to $1,135 $1,076 to $1,315

Sourced from federal housing data and research.

Wood County, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 200
Total Housing Units with Rental Assistance 44
Percentage of Housing Units Occupied By Renters 20.01%
Average Renter Household Size 2.65
Average Household Size 2.57
Median Household Income $45,686 ±$2,702
Median Rent $738 ±$27
Percentage Of Renters Overburdened 43.36% ± 6.18pp
Total Population 42,712

Population and Household Demographics

Wood County is a county in Texas with a population of 42,712. There are 16,064 households in the county with an average household size of 2.57 persons. 20.01% of households in Wood County are renters.

Income and Rent Overburden in Wood County

The median gross income for households in Wood County is $45,686 a year, or $3,807 a month. The median rent for the county is $738 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wood County, a household making less than $2,460 a month would be considered overburdened when renting an apartment at or above the median rent. 43.36% of households who rent are overburdened in Wood County.

Area Median Income In Wood 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 Wood County, HUD calculates the Area Median Income for a family of four as $59,100

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 Wood 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 Wood County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,760 $17,240 $21,720 $26,200 $30,680 $34,300 $36,650 $39,050
50% of Median $20,700 $23,650 $26,600 $29,550 $31,950 $34,300 $36,650 $39,050
80% of Median $33,150 $37,850 $42,600 $47,300 $51,100 $54,900 $58,700 $62,450

Cities In Wood County

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

City Served By
Alba The HUD funded Public Housing Agencies that serve Alba are the Housing Authority of Alba and City of Tyler Housing Agency.
Holly Lake Ranch
Mineola The HUD funded Public Housing Agencies that serve Mineola are the Housing Authority of the City of Mineola and City of Tyler Housing Agency.