Affordable Senior Apartments · Hempstead, TX
Affordable Senior Apartments
Income-restricted (affordable)USDA Section 515
Rent is limited to households under income caps that vary by area. Check with the property.
Waller CO Shady Oak
506 Ellen Powell Dr · Hempstead, TX 77445 · USDA Section 515 property ID S515-000021011 · 40 units
This number identifies the property in USDA Section 515, the housing program that funds it and sets its rent rules. It is not a care license, and it does not mean a state agency inspects care here. About this housing program (opens in a new tab).
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About Waller CO Shady Oak
Waller CO Shady Oak is an affordable senior apartment property in Hempstead, Texas. Rent is income-restricted through USDA Section 515, which caps rent but does not license or inspect care. The housing program lists 40 units. It is one of 4 affordable senior apartment properties listed in Hempstead. Its public records were last updated in June 2026.
Public record
Inspection history
We don't have inspection reports for this provider yet. The state licensing agency can share its latest ones.
Ownership
Managed by Megan Properties Management INC
Rent range for this county
HUD fair market rent · FY2026
This is HUD’s fair market rent for Waller County, not a quoted rent for this property. Income-restricted properties usually charge a share of income instead.
$1,323 to $1,573per month
The low end is HUD’s one-bedroom figure and the high end is the two-bedroom figure for the same county. HUD’s very low income threshold for a one-person household in this county is about $36,400 a year, roughly 50 percent of area median income. That is the line most Section 8 and income-restricted senior housing programs use. It is a figure for the county, not this property’s cutoff, because each program sets its own limit. Ask the property which one applies. This is a rent for the area, not a price for care, and it does not include any care services.
Source: HUD Fair Market Rents (opens in a new tab), updated FY2026Source: HUD Income Limits (opens in a new tab), updated FY2026
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Deciding between options? Texas Medicaid for Long-Term Care: 2026 Guide
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