About This Property
Costa Esmeralda consists of 112 low-income units in Waco, Texas and has been in service since 2011. The property offers a unit mix of eight 1-bedroom, 56 2-bedroom, 40 3-bedroom, and eight 4-bedroom apartments. The community is located in McLennan County.
Waitlist Information
Waitlist managed by Housing Authority of the City of Waco
The Public Housing Waitlist is closed.
The Section 8 Housing Choice Voucher waiting list for McLennan County is currently closed, with applications last accepted on January 8, 2020. The waitlist for Hill and Somervell County was last open from June 5, 2023, to June 8, 2023, and is now closed. General preferences for HCV and Public Housing applicants include veteran status, employment (20 hours/week for Section 8), and head of household/spouse age 62 or older.
Waitlist data provided by section8waitlist.org
Updated May 29, 2026
Property Details
Fair Market Rent - McLennan 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 | $875 |
| 1 Bedroom | $1,011 |
| 2 Bedroom | $1,266 |
| 3 Bedroom | $1,632 |
| 4 Bedroom | $1,686 |
Income Limits - McLennan County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,150
- Very Low (50%)
- $21,900
- Low (80%)
- $35,000
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,000
- Low (80%)
- $40,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,150
- Low (80%)
- $45,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,250
- Low (80%)
- $50,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,750
- Low (80%)
- $54,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,250
- Low (80%)
- $58,000
- Extremely Low (30%)
- $38,750
- Very Low (50%)
- $38,750
- Low (80%)
- $62,000
- Extremely Low (30%)
- $41,250
- Very Low (50%)
- $41,250
- Low (80%)
- $66,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,150 | $21,900 | $35,000 |
| 2 Persons | $17,420 | $25,000 | $40,000 |
| 3 Persons | $21,960 | $28,150 | $45,000 |
| 4 Persons | $26,500 | $31,250 | $50,000 |
| 5 Persons | $31,040 | $33,750 | $54,000 |
| 6 Persons | $35,580 | $36,250 | $58,000 |
| 7 Persons | $38,750 | $38,750 | $62,000 |
| 8 Persons | $41,250 | $41,250 | $66,000 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Waco, TX?+
The Fair Market Rent (FMR) for McLennan County, TX is: $875 (Studio), $1011 (1BR), $1266 (2BR), $1632 (3BR), $1686 (4BR). Actual rent at subsidized properties like Costa Esmeralda is typically 30% of household income or less.
What size apartments are available at Costa Esmeralda?+
Costa Esmeralda offers the following unit types: 8 One-Bedroom, 56 Two-Bedroom, 40 Three-Bedroom, 8 Four-Bedroom units, for a total of 112 units.
What are the income limits for affordable housing in McLennan County, TX?+
For a 4-person household in McLennan County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,250, Low Income (80% AMI): $50,000. These limits are set by HUD and updated annually.
What is the price range for apartments in Waco, TX?+
Based on Fair Market Rent for McLennan County, the estimated price range is: 1-bedroom: $1011, 2-bedroom: $1266, 3-bedroom: $1632. Actual rent at Costa Esmeralda may be lower for income-eligible households.
Who manages Costa Esmeralda?+
Costa Esmeralda is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Costa Esmeralda?+
Public Housing waitlist is currently Closed. 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.
How do I apply for housing at Costa Esmeralda?+
Costa Esmeralda 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.
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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