Affordable Housing In Yoakum
Andrews County, Texas

2 Low Income Apartment Communities In Yoakum

Leatherwood Terrace

105 Ellen May Rd
Yoakum, TX
Call For Rent
1-2 BR
Subsidized

Paul F. Gustwick Site

109 Capitol St
Yoakum, TX
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Housing Authorities that serve Yoakum

Housing Authority Programs
Yoakum Housing Authority Public Housing

Guide To Affordable Housing in Yoakum, Texas

There are 2 low income housing apartment communities offering 174 affordable apartments for rent in Yoakum, Texas. Yoakum features 174 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Yoakum.

Sourced from federal housing data and AffordableHousingOnline.com research.

Yoakum, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 174
Total Housing Units with Rental Assistance 174
Percentage of Housing Units Occupied By Renters 36%
Average Renter Household Size 2.53
Average Household Size 2.57
Median Household Income $37,649 ±$3,797
Median Rent $583 ±$40
Percentage Of Renters Overburdened 29.88% ± 10.87pp
Total Population 5,483

Population and Household Demographics

Yoakum is a City in Andrews County, Texas with a population of 5,483. There are 2,064 households in the city with an average household size of 2.57 persons. 36% of households in Yoakum are renters.

Income and Rent Overburden in Yoakum

The median gross income for households in Yoakum is $37,649 a year, or $3,137 a month. The median rent for the city is $583 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Yoakum, a household making less than $1,943 a month would be considered overburdened when renting an apartment at or above the median rent. 29.88% of households who rent are overburdened in Yoakum.1

Area Median Income In Yoakum

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Yoakum, the AMI is calculated from all households within Andrews County.

In Yoakum, HUD calculates the Area Median Income for a family of four as $85,800

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 Yoakum

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 Yoakum HUD Rental Assistance in Yoakum

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,550 $20,050 $22,550 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $29,250 $33,400 $37,600 $41,750 $45,100 $48,450 $51,800 $55,150
80% of Median $46,700 $53,400 $60,050 $66,700 $72,050 $77,400 $82,750 $88,050
Fair Market Rents in Yoakum

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$745 $805 $1,005 $1,252 $1,764