Affordable Rental Housing in Rural Texas
Affordability Challenges for Rural Renters in Texas
While housing-cost-burden rates for renters in rural Texas are favorable relative to the nation, the sheer size of the state means it still had the second-highest number of such renters of any state (112,441 in 2017), behind only North Carolina. More than 60 percent of those cost-burdened households are renter households with income of less than $20,000 a year.
Households with annual income of less than $20,000 represent the precise target population and current resident makeup of the USDA RD Section 515 program, discussed in detail in the next section.
- Andrew Dumont
Senior Community Development Analyst, Federal Reserve Board of Governors
- Emily Ryder Perlmeter
Community Development Advisor, Federal Reserve Bank of Dallas
- Julie Gunter
Senior Community Development Advisor, Federal Reserve Bank of Dallas
The full report can be found at https://www.dallasfed.org/cd/pubs/rural.aspx.
The views expressed in this framework are the author’s and do not necessarily reflect official positions of the Federal Reserve Bank of Dallas or Federal Reserve System.