About This Property
Villas of Sherman contains 124 units across a mix of 44 one-bedroom and 80 two-bedroom floor plans in Sherman, Texas. The property includes 93 low-income units and has been in service since 1999. The development is financed through 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Texoma Council of Governments
The Texoma Council of Governments (TCOG) Housing Authority is not currently accepting applications for the Housing Choice Voucher (HCV) program. Information regarding future openings is not available on the provided page.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Grayson County, TX
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $897 |
| 1 Bedroom | $1,045 |
| 2 Bedroom | $1,227 |
| 3 Bedroom | $1,678 |
| 4 Bedroom | $2,082 |
Income Limits - Grayson County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,850
- Very Low (50%)
- $24,700
- Low (80%)
- $39,500
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,200
- Low (80%)
- $45,150
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,750
- Low (80%)
- $50,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,250
- Low (80%)
- $56,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,100
- Low (80%)
- $60,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,900
- Low (80%)
- $65,450
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,750
- Low (80%)
- $69,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,550
- Low (80%)
- $74,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,850 | $24,700 | $39,500 |
| 2 Persons | $17,420 | $28,200 | $45,150 |
| 3 Persons | $21,960 | $31,750 | $50,800 |
| 4 Persons | $26,500 | $35,250 | $56,400 |
| 5 Persons | $31,040 | $38,100 | $60,950 |
| 6 Persons | $35,580 | $40,900 | $65,450 |
| 7 Persons | $40,120 | $43,750 | $69,950 |
| 8 Persons | $44,660 | $46,550 | $74,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Sherman, TX?+
The Fair Market Rent (FMR) for Grayson County, TX is: $897 (Studio), $1045 (1BR), $1227 (2BR), $1678 (3BR), $2082 (4BR). Actual rent at subsidized properties like Villas of Sherman is typically 30% of household income or less.
What size apartments are available at Villas of Sherman?+
Villas of Sherman offers the following unit types: 44 One-Bedroom, 80 Two-Bedroom units, for a total of 124 units.
Who manages Villas of Sherman?+
Villas of Sherman is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Villas of Sherman?+
Villas of Sherman is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the price range for apartments in Sherman, TX?+
Based on Fair Market Rent for Grayson County, the estimated price range is: 1-bedroom: $1045, 2-bedroom: $1227. Actual rent at Villas of Sherman may be lower for income-eligible households.
Is there a waitlist for Villas of Sherman?+
Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Grayson County, TX?+
For a 4-person household in Grayson County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,250, Low Income (80% AMI): $56,400. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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