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Lake Ridge Apts. — Income-Restricted Housing in Mabank, TX 75147

401 North Third Street, Mabank, TX 75147

Tax creditHUD 811 (disability)USDA ruralSeniors

32 units · 1–2 BR

Leasing office: (903) 887-6988Directions

How to apply

  1. Call the leasing office at (903) 887-6988 to ask about applying, vacancies, and waiting lists.
  2. These records do not show openings — call to confirm vacancies and waiting lists.

At this building

Opened
1989
Income limit
60% AMI
Bedrooms
8 1 bedroom · 2 2 bedrooms
USDA rental assistance
39 units (tenant pays about 30% of income)

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This buildingNearby

Nearby income-restricted buildings

Rents and income limits in 75147

Fair market rent, 2 bedrooms
$1,070/mo
Income needed to pay it at 30% of income
$42,800/yr
Renters in 75147 paying 30% or more of income on rent
65%

Income limits (2026)

Van Zandt County, TX area · median family income $86,700. Your household's yearly income before taxes must be at or below the limit.

PeopleExtremely low 30%Very low 50%Low 80%
1$18,200$30,350$48,550
2$21,640$34,700$55,500
3$27,320$39,050$62,450
4$33,000$43,350$69,350
5$38,680$46,850$74,900
6$44,360$50,300$80,450
7$50,040$53,800$86,000
8$55,720$57,250$91,550

Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.

Fair market rents (2027)

HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.

Size75147Wider area
Studio$850$899
1 bedroom$880$905
2 bedrooms$1,070$1,184
3 bedrooms$1,360$1,534
4 bedrooms$1,610$1,556

Wider area = Van Zandt County, TX. Two-bedroom fair market rents in 4 nearby ZIPs range from $1,070 (75156) to $1,340 (75143).

Census figures for 75147 (2020–2024 average): median rent $1,002. Median household income $56,940. 37% of homes are rented. 65% of renters pay 30% or more of their income on rent, and 27% pay half or more.

Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.

Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.

Estimate your Section 8 rent share

Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 75147's fair market rent.

Estimate your Section 8 rent share for 75147

Frequently Asked Questions

How do I apply to Lake Ridge Apts.?

Call (903) 887-6988 and ask about applying, vacancies, and waiting lists at Lake Ridge Apts. in Mabank, TX 75147. These records do not show openings.

Is Lake Ridge Apts. Section 8 housing?

Lake Ridge Apts. is listed with a HUD-assisted or project-based Section 8 contract. The subsidy stays with the apartment. A Housing Choice Voucher is different — you apply with the housing authority. Confirm the program when you call.

How many units are at Lake Ridge Apts.?

Public records list 32 units at Lake Ridge Apts. in Mabank, TX 75147. That is a building size, not a count of open apartments.

Are there other affordable apartments near Lake Ridge Apts.?

Yes — this page lists other income-restricted buildings in 75147 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.

People Also Ask

How do I get into Lake Ridge Apts.?

Call the number on this page and ask about the waiting list or how to apply at Lake Ridge Apts. in Mabank, TX 75147. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.

How do I qualify for affordable housing in Mabank, TX 75147?

Most income-restricted buildings in Mabank, TX 75147 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $30,350, and $43,350 for a 4-person household. Public housing can go up to 80% ($48,550 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.

What is the income limit for low-income housing in Mabank, TX 75147?

For many programs in Mabank, TX 75147, the 2026 HUD very low-income (50%) limit is $30,350 a year for 1 person and $43,350 for 4 people. The low-income (80%) limit is $48,550 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.

How much rent do you pay for low-income housing in Mabank, TX 75147?

In public housing and most Section 8 in Mabank, TX 75147, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Mabank, TX 75147 is $1,070 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.

Does Lake Ridge Apts. take Section 8 vouchers?

Lake Ridge Apts. is listed with project-based Section 8 or HUD assistance — the subsidy is on the unit, so you usually apply at the building rather than bringing a tenant voucher. Ask when you call whether they also accept Housing Choice Vouchers.

Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction.