There are 435 low-income apartments in Val Verde County that offer reduced rents to eligible households.
Rental assistance programs support 352 low-income homes in Val Verde County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $285 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.
Val Verde County, Texas Affordable Housing Data
Income Based Apartments in Val Verde County, Texas
Val Verde County features 352 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 Val Verde County, Texas
There are 435 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Val Verde County.
Housing Choice Vouchers in Val Verde County, Texas
On average, Section 8 Housing Choice vouchers pay Val Verde County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Val Verde County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Val Verde County, Texas for a two-bedroom apartment is between $910 and $1,112.
2024 Val Verde 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 | |
|---|---|---|---|---|---|
| Val Verde County, Texas Fair Market Rent | $764 | $769 | $1,011 | $1,341 | $1,346 |
| Val Verde County, Texas Payment Standard Range | $688 to $840 | $692 to $846 | $910 to $1,112 | $1,207 to $1,475 | $1,211 to $1,481 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Val Verde County, TX Affordable Housing Snapshot
| Total Affordable Apartment Properties | 29 |
|---|---|
| Total Low Income Apartments | 805 |
| Total Housing Units with Rental Assistance | 352 |
| Percentage of Housing Units Occupied By Renters | 35.16% |
| Average Renter Household Size | 2.86 |
| Average Household Size | 3.20 |
| Median Household Income | $42,174 ±$1,917 |
| Median Rent | $677 ±$44 |
| Percentage Of Renters Overburdened | 37.71% ± 5.43pp |
| Total Population | 48,980 |
Population and Household Demographics
Val Verde County is a county in Texas with a population of 48,980. There are 14,790 households in the county with an average household size of 3.20 persons. 35.16% of households in Val Verde County are renters.
Income and Rent Overburden in Val Verde County
The median gross income for households in Val Verde County is $42,174 a year, or $3,515 a month. The median rent for the county is $677 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Val Verde County, a household making less than $2,257 a month would be considered overburdened when renting an apartment at or above the median rent. 37.71% of households who rent are overburdened in Val Verde County.
Area Median Income In Val Verde 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 Val Verde County, HUD calculates the Area Median Income for a family of four as $67,500
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 Val Verde 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 Val Verde 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 Val Verde County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$15,200 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $44,750 | $47,600 |
| 50% AMI Income Limits Renters earning up to 50% of the Val Verde County AMI may qualify for rental assistance programs that target Very Low Income households. |
$25,250 | $28,850 | $32,450 | $36,050 | $38,950 | $41,850 | $44,750 | $47,600 |
| 80% AMI Income Limits Renters earning up to 80% of the Val Verde County AMI may qualify for rental assistance programs that target Low Income households. |
$40,400 | $46,150 | $51,900 | $57,650 | $62,300 | $66,900 | $71,500 | $76,100 |
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