Affordable Housing Options in Montgomery County, TX

Becca Ellis
6 days ago
3 min read

Finding affordable housing in Montgomery County, TX, can be challenging, but there are a variety of options and resources available for individuals and families seeking budget-friendly homes. Whether you’re looking to rent, buy, or access housing assistance programs, understanding your choices is the first step toward securing a stable place to live.

Current Housing Market Overview

The Montgomery County housing market has seen significant changes in recent years. As of April 2025, the median home sold price was $360,191, marking a 3.9% increase from the previous year. However, there’s good news for buyers: 58.5% of homes sold below asking price last month, and housing inventory is on the rise, with 5,833 homes for sale-a 20.8% increase from the previous month5. This growing inventory may help ease competition and present more affordable opportunities for homebuyers.

Despite these trends, affordability remains a concern. A 2022 report indicated that homes in Montgomery County were 23% less affordable than the previous year, largely due to rising prices and lagging wage growth8. This means many residents are spending a larger portion of their income on housing, making affordable options even more critical.

Rental Options: Low-Income and Subsidized Housing

Montgomery County offers a range of affordable rental options, including:

Low-Income Apartments: There are over 100 low-income apartment communities throughout the county, including cities like Conroe, The Woodlands, Spring, and Magnolia. These properties often have income restrictions and may participate in federal or state subsidy programs to keep rents affordable6.
Section 8 and Subsidized Housing: Renting a subsidized or Section 8 apartment is a common way to find affordable housing. These programs limit the amount tenants pay based on their income, making rent more manageable for low-income households6.

Some notable affordable apartment communities include:

Tanglewood Apartments (Conroe)
Bellshire Apartments (Conroe, Section 8 project-based)
Tall Timbers Apartments (Conroe, income restrictions)
Fawn Ridge Apartments (The Woodlands, HUD Section 236 property)7

You can browse available affordable rentals and filter by city or amenities on platforms like AffordableHousing.com and Apartments.com1 6.

Housing Assistance Programs

For those who need additional support, several assistance programs are available:

Housing Choice Voucher Program (Section 8): Managed by the Montgomery County Housing Authority, this federally funded program helps very low-income families, the elderly, and disabled individuals afford decent, safe, and sanitary housing. The voucher can be used for single-family homes, townhouses, or apartments from participating landlords2 3 7.
- Note: As of now, the waiting list for vouchers is closed, but you can subscribe for notifications when it reopens2.
Project-Based Vouchers: These are tied to specific buildings, and tenants must live in those buildings to receive assistance3.
Tenant-Based Vouchers: These allow recipients to choose any qualifying rental property in the private market3.

Eligibility for these programs typically depends on household income, which must not exceed 50% of the area median income (AMI), with priority often given to those below 30% of AMI3 4.

Tips for Finding Affordable Housing

Start Early: Affordable units and voucher programs often have waiting lists, so begin your search as soon as possible.
Check Multiple Sources: Use online platforms like AffordableHousing.com and Apartments.com to compare options and availability1 6.
Contact Local Housing Authorities: Reach out directly to the Montgomery County Housing Authority for the latest information on programs, eligibility, and waiting lists2 7.
Explore Special Programs: Some properties offer additional support for seniors, people with disabilities, or those needing accessible units7.

Key Takeaways

Montgomery County’s housing market is competitive, but increased inventory may present more affordable buying opportunities5.
Numerous low-income and subsidized rental options exist across the county, with many properties participating in federal assistance programs6 7.
Housing Choice Vouchers and other assistance programs can significantly reduce housing costs for eligible residents, though demand often exceeds supply2 3.
Proactive searching and utilizing multiple resources can improve your chances of finding an affordable home.

Affordable housing is a vital resource for many in Montgomery County, and while challenges persist, a variety of options and programs can help make stable, budget-friendly housing a reality.