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.

This article appears in August 21 • 1998 and August 21 • 1998 (Cover).

A note to readers: Bold and uncensored, The Austin Chronicle has been Austin’s independent news source for over 40 years, expressing the community’s political and environmental concerns and supporting its active cultural scene. Now more than ever, we need your support to continue supplying Austin with independent, free press. If real news is important to you, please consider making a donation of $5, $10 or whatever you can afford, to help keep our journalism on stands.

SUPPORT US