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Discover affordable housing in Ferris where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.
100 Ewing St, Ferris, Texas 75125
How To Identify Affordable Housing in Ferris, Texas
Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.
| Badge | Description |
|---|---|
switch_access_shortcutShort Wait | Low income apartments with no or short waiting lists. |
paymentSubsidized | Low income housing where the rent is subsidized and the renter pays only a portion of total rent. |
real_estate_agentAccepts Vouchers | Apartments that accept Section 8 vouchers near you |
elderlySenior | Rental housing for seniors who are 55 (or sometimes 62) and older. |
paymentIncome Based | Affordable apartments where the rent paid is based on renter income. |
accessibilityAccessible | Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy. |
accessible_forwardDisability | Apartments for individuals or families with disabilities. |
calendar_todayOpened: Jan 21,2020
Open Until Further Notice
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Reported On February 23rd, 2024 byLorena Bentley
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The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment InFerris, Texas
$33.30/hour
(+359%) more thanTexas minimum wage and
$26.05(+359%) more than the Federal minimum wage.
Learn More About Ferris, Texas AffordableHousing ↓
What HUD offices serve Ferris, Texas?
Public Housing Agencies operate federally assisted affordable housing programs atlocal levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within theirjurisdiction.
Dallas Housing Authority
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Section 8 Project-Based Voucher (PBV), Mainstream Voucher programs for Ferris, Texas.
Housing Authority of Ferris
Operates the Public Housing programs for Ferris, Texas.
Dallas County Housing Agency
Operates the Section 8 Housing Choice Voucher (HCV), Homeownership Voucher, Family Self-Sufficiency programs for Ferris, Texas.
Texas Department of Housing and Community Affairs
Operates the Section 8 Housing Choice Voucher (HCV) programs for Ferris, Texas.
Go to theTexasPublic Housing and Low-Income Apartments Waiting Lists page for openings near Ferris.
How many renters live in Ferris, Texas?
The City of Ferris has 2,785people living in 886 households.
There are 1,328 renters living in367 renter households in thisCity. Renters make up 47.68percent of the population living in Ferris.
What is the rental market like in Ferris, Texas?
There are an estimated 997 housing units in theFerris area. Of these, 367 units are rentalhomes, making up 37 percent of the housing market. Forevery renter household in Ferris, Texas, there are1 rental units.
What is the vacancy rate for rentals in Ferris?
The rental vacancy rate in Ferris is 0 percent.This is alower than averagevacancy rate.When rental vacancy rates are low there are fewer available units. Rents tend to be higher as morepeoplecompete for scarce housing.
How many rental units are in Ferris for each bedroom size?
Occupied Rental Units by Size in Ferris
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 20 16 78 206 47 Occupied Rental Units by Size in Ferris
A large number of apartments in Ferris have two or fewer bedrooms. Seniors and youngprofessionalsespecially may have more success finding an apartment that meets their needs.
How many renter households in Ferris are overburdened by housing costs?
Among renter households in this market, 33percent havehousing cost burden. Further, 9percent of households are extremely rent overburdened. When renters pay too much for their housing, itleaveslittle money for other necessities like food, clothes, or medicine.
The federal government says that renters arecost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Ferris
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $1,426 to $2,847. FMRs areupdated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $1,426 One BR $1,500 Two BR $1,758 Three BR $2,212 Four BR $2,847 2024 Fair Market Rents in Ferris, Texas
How many units are rented at Fair Market Rent (FMR) in Ferris?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s FairMarket Rent. Markets with a large share of units above FMR tend to have longer search times to find aqualified unit, while those with a large share of units below FMR tend to have more choices and shortersearch times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:Unit Size Count of Units Below FMR Percentage of Total Units Below FMR Studio 15 75 percent One BR 16 100 percent Two BR 78 100 percent Rental Units Below FMR in Ferris, Texas
How many affordable rental units are in Ferris?
There are a variety of federal affordable housing programs serving households inFerris, Texas including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit 16 Public Housing 36 USDA Section 515 Rural Rental Housing 16 Tracked Units by Federal Program in Ferris, Texas
Income Based Apartments in Ferris, Texas
Ferris features 16 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.
Low Rent Apartments in Ferris, Texas
There are 0 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Ferris.
Housing Choice Vouchers in Ferris, Texas
On average, Section 8 Housing Choice vouchers pay Ferris landlords$0 per month towards rent. The average voucher holdercontributes $0 towards rent inFerris.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ferris, Texas fora two-bedroom apartment is between $1,582 and $1,934.
Sourced from federal housing data and AffordableHousingOnline.comresearch.
Affordable Housing Tip
Search local listings for available Section 8 apartments.
Apartments and homes listed for rent locally may accept a Section 8 voucher, even if the listing doesn't mention the program.
What Renters Say About Us
Ivette Betancourt says:
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