Cross Timber, Texas Affordable Housing Data
Income Based Apartments in Cross Timber, Texas
Cross Timber 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 Cross Timber, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cross Timber.
Housing Choice Vouchers in Cross Timber, Texas
On average, Section 8 Housing Choice vouchers pay Cross Timber landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cross Timber.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cross Timber, Texas for a two-bedroom apartment is between $1,455 and $1,779.
2024 Cross Timber, 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 | |
|---|---|---|---|---|---|
| Cross Timber, Texas Fair Market Rent | $1,266 | $1,384 | $1,617 | $2,144 | $2,615 |
| Cross Timber, Texas Payment Standard Range | $1,139 to $1,393 | $1,246 to $1,522 | $1,455 to $1,779 | $1,930 to $2,358 | $2,354 to $2,877 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Cross Timber, TX Affordable Housing Snapshot
| Total Affordable Apartment Properties | 0 |
|---|---|
| Total Low Income Apartments | 0 |
| Total Housing Units with Rental Assistance | 0 |
| Percentage of Housing Units Occupied By Renters | 14.02% |
| Average Renter Household Size | 4.20 |
| Average Household Size | 2.76 |
| Median Household Income | $90,625 ±$17,485 |
| Median Rent | $1,089 ±$240 |
| Percentage Of Renters Overburdened | 46.67% ± 132.5pp |
| Total Population | 295 |
Population and Household Demographics
Cross Timber is a city in Johnson County, Texas with a population of 295. There are 107 households in the city with an average household size of 2.76 persons. 14.02% of households in Cross Timber are renters.
Income and Rent Overburden in Cross Timber
The median gross income for households in Cross Timber is $90,625 a year, or $7,552 a month. The median rent for the city is $1,089 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cross Timber, a household making less than $3,630 a month would be considered overburdened when renting an apartment at or above the median rent. 46.67% of households who rent are overburdened in Cross Timber.
Area Median Income In Cross Timber
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 Cross Timber, the AMI is calculated from all households within Johnson County.
In Cross Timber, HUD calculates the Area Median Income for a family of four as $97,700
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 Cross Timber
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 Cross Timber
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Cross Timber AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$20,100 | $23,000 | $25,850 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Cross Timber AMI may qualify for rental assistance programs that target Very Low Income households. |
$33,500 | $38,300 | $43,100 | $47,850 | $51,700 | $55,550 | $59,350 | $63,200 |
| 80% AMI Income Limits Renters earning up to 80% of the Cross Timber AMI may qualify for rental assistance programs that target Low Income households. |
$53,600 | $61,250 | $68,900 | $76,550 | $82,700 | $88,800 | $94,950 | $101,050 |
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