Rent by Disparity
Fri., Aug. 21, 1998
| INCOME BY HOUSEHOLD | PERCENT OF HUD MEDIAN Family Income | HIGHEST AFFORDABLE RENT* | LOWEST AVAILABLE THREE-BEDROOM APT.INCLUDING UTILITIES+ |
| $15,000 | 30% | $425 | $660 |
| $25,000 | 50% | $700 | $660 |
| $40,000 | 80% | $1,113 | $852 |
Households earning less than 50% MFI, which account for about half the
local renting population, find even affordable-housing rates too costly,
while families above 50% MFI find prices more agreeable.
*As per HUD's affordability guidelines, this figure is one-third of monthly income.
+As available in tax-credit rental properties.
SOURCE: HUD, TEXAS CENTRAL MUTUAL HOUSING ASSN.
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