What HUD offices serve Locust Grove, Oklahoma?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Oklahoma Public Housing and Low-Income Apartments Waiting Lists page for openings near Locust Grove.
How many renters live in Locust Grove, Oklahoma?
The City of Locust Grove has 1,424 people living in 557 households.
There are 596 renters living in 237 renter households in this City. Renters make up 41.85 percent of the population living in Locust Grove.
What is the rental market like in Locust Grove, Oklahoma?
There are an estimated 612 housing units in the Locust Grove area. Of these, 241 units are rental homes, making up 39 percent of the housing market. For every renter household in Locust Grove, Oklahoma, there are 1 rental units.
What is the vacancy rate for rentals in Locust Grove?
The rental vacancy rate in Locust Grove is 2 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Locust Grove for each bedroom size?
Occupied Rental Units by Size in Locust Grove
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 4 | 57 | 90 | 50 | 36 |
Occupied Rental Units by Size in Locust Grove
A large number of apartments in Locust Grove have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Locust Grove are overburdened by housing costs?
Among renter households in this market, 37 percent have housing cost burden. Further, 16 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Locust Grove
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $677 to $1,340. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $677 |
| One BR | $678 |
| Two BR | $891 |
| Three BR | $1,150 |
| Four BR | $1,340 |
2024 Fair Market Rents in Locust Grove, Oklahoma
How many units are rented at Fair Market Rent (FMR) in Locust Grove?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 3 | 75 percent |
| One BR | 57 | 100 percent |
| Two BR | 67 | 74 percent |
Rental Units Below FMR in Locust Grove, Oklahoma
How many affordable rental units are in Locust Grove?
There are a variety of federal affordable housing programs serving households in Locust Grove, Oklahoma including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 25 |
Tracked Units by Federal Program in Locust Grove, Oklahoma
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Locust Grove, Oklahoma
Locust Grove features 38 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Locust Grove, Oklahoma
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Locust Grove.
Housing Choice Vouchers in Locust Grove, Oklahoma
On average, Section 8 Housing Choice vouchers pay Locust Grove landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Locust Grove.
The maximum amount a voucher would pay on behalf of a low-income tenant in Locust Grove, Oklahoma for a two-bedroom apartment is between $802 and $980.
Sourced from federal housing data and AffordableHousingOnline.com research.
