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There are 48 low-income apartments in George West that offer reduced rents to eligible households. Low-income rents in George West, Texas can range from $269 to $1,150 depending on the number of bedrooms.
Rental assistance programs support 0 low-income homes in George West where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $275 towards rent each month.
Affordable rent data for some communities last confirmed on May 1st, 2019. Subdsidized rents typically change once a year based on federal guidance.
George West, Texas Affordable Housing Data
Income Based Apartments in George West, Texas
George West 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 George West, Texas
There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in George West.
Housing Choice Vouchers in George West, Texas
On average, Section 8 Housing Choice vouchers pay George West landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in George West.
The maximum amount a voucher would pay on behalf of a low-income tenant in George West, Texas for a two-bedroom apartment is between $842 and $1,029.
2024 George West, 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 | |
|---|---|---|---|---|---|
| George West, Texas Fair Market Rent | $707 | $712 | $935 | $1,318 | $1,390 |
| George West, Texas Payment Standard Range | $636 to $778 | $641 to $783 | $842 to $1,029 | $1,186 to $1,450 | $1,251 to $1,529 |
Sourced from federal housing data and AffordableHousingOnline.com research.
George West, TX Affordable Housing Snapshot
| Total Affordable Apartment Properties | 1 |
|---|---|
| Total Low Income Apartments | 48 |
| Total Housing Units with Rental Assistance | 0 |
| Percentage of Housing Units Occupied By Renters | 26.49% |
| Average Renter Household Size | 3.75 |
| Average Household Size | 3.85 |
| Median Household Income | $49,432 ±$7,507 |
| Median Rent | $771 ±$309 |
| Percentage Of Renters Overburdened | 32.5% ± 18.86pp |
| Total Population | 2,538 |
Population and Household Demographics
George West is a city in Live Oak County, Texas with a population of 2,538. There are 604 households in the city with an average household size of 3.85 persons. 26.49% of households in George West are renters.
Income and Rent Overburden in George West
The median gross income for households in George West is $49,432 a year, or $4,119 a month. The median rent for the city is $771 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In George West, a household making less than $2,570 a month would be considered overburdened when renting an apartment at or above the median rent. 32.5% of households who rent are overburdened in George West.
Area Median Income In George West
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 George West, the AMI is calculated from all households within Live Oak County.
In George West, HUD calculates the Area Median Income for a family of four as $72,400
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 George West
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 George West
| 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 George West AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$15,400 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,400 | $48,350 |
| 50% AMI Income Limits Renters earning up to 50% of the George West AMI may qualify for rental assistance programs that target Very Low Income households. |
$25,650 | $29,300 | $32,950 | $36,600 | $39,550 | $42,500 | $45,400 | $48,350 |
| 80% AMI Income Limits Renters earning up to 80% of the George West AMI may qualify for rental assistance programs that target Low Income households. |
$41,000 | $46,850 | $52,700 | $58,550 | $63,250 | $67,950 | $72,650 | $77,300 |
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