Live Oak Manor Apartments
Lone Oak Manor Apartments
- «
- 1
- »
There are 48 low-income apartments in Live Oak County that offer reduced rents to eligible households. Low-income rents in Live Oak County, Texas can range from $269 to $1,150 depending on the number of bedrooms.
Rental assistance programs support 97 low-income homes in Live Oak County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $225 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Live Oak County, Texas Affordable Housing Data
Income Based Apartments in Live Oak County, Texas
Live Oak County features 97 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 Live Oak County, Texas
There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Live Oak County.
Housing Choice Vouchers in Live Oak County, Texas
On average, Section 8 Housing Choice vouchers pay Live Oak County landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Live Oak County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Live Oak County, Texas for a two-bedroom apartment is between $842 and $1,029.
2024 Live Oak 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 | |
|---|---|---|---|---|---|
| Live Oak County, Texas Fair Market Rent | $707 | $712 | $935 | $1,318 | $1,390 |
| Live Oak County, 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.
Live Oak County, TX Affordable Housing Snapshot
| Total Affordable Apartment Properties | 5 |
|---|---|
| Total Low Income Apartments | 146 |
| Total Housing Units with Rental Assistance | 97 |
| Percentage of Housing Units Occupied By Renters | 19.09% |
| Average Renter Household Size | 2.99 |
| Average Household Size | 2.78 |
| Median Household Income | $50,400 ±$5,652 |
| Median Rent | $699 ±$94 |
| Percentage Of Renters Overburdened | 25.92% ± 7.76pp |
| Total Population | 11,873 |
Population and Household Demographics
Live Oak County is a county in Texas with a population of 11,873. There are 3,699 households in the county with an average household size of 2.78 persons. 19.09% of households in Live Oak County are renters.
Income and Rent Overburden in Live Oak County
The median gross income for households in Live Oak County is $50,400 a year, or $4,200 a month. The median rent for the county is $699 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Live Oak County, a household making less than $2,330 a month would be considered overburdened when renting an apartment at or above the median rent. 25.92% of households who rent are overburdened in Live Oak County.
Area Median Income In Live Oak 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 Live Oak County, 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 Live Oak 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 Live Oak County
| 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 Live Oak County 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 Live Oak County 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 Live Oak County 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 |
© 2002-2024 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.