What HUD offices serve Granite, 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 Granite.
How many renters live in Granite, Oklahoma?
The City of Granite has 1,473 people living in 340 households.
There are 149 renters living in 79 renter households in this City. Renters make up 10.12 percent of the population living in Granite.
What is the rental market like in Granite, Oklahoma?
There are an estimated 457 housing units in the Granite area. Of these, 84 units are rental homes, making up 18 percent of the housing market. For every renter household in Granite, Oklahoma, there are 1 rental units.
What is the vacancy rate for rentals in Granite?
The rental vacancy rate in Granite is 6 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 Granite for each bedroom size?
Occupied Rental Units by Size in Granite
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 26 | 32 | 19 | 2 |
Occupied Rental Units by Size in Granite
A large number of apartments in Granite 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 Granite are overburdened by housing costs?
Among renter households in this market, 41 percent have housing cost burden. Further, 29 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 Granite
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $677 to $1,297. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $677 |
| One BR | $684 |
| Two BR | $891 |
| Three BR | $1,256 |
| Four BR | $1,297 |
2024 Fair Market Rents in Granite, Oklahoma
How many units are rented at Fair Market Rent (FMR) in Granite?
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 |
| One BR | 11 | 42 percent |
| Two BR | 24 | 75 percent |
Rental Units Below FMR in Granite, Oklahoma
How many affordable rental units are in Granite?
There are a variety of federal affordable housing programs serving households in Granite, Oklahoma including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 16 |
| Public Housing | 23 |
| USDA Section 515 Rural Rental Housing | 16 |
Tracked Units by Federal Program in Granite, Oklahoma
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Granite, Oklahoma
Granite features 46 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 Granite, Oklahoma
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Granite.
Housing Choice Vouchers in Granite, Oklahoma
On average, Section 8 Housing Choice vouchers pay Granite landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Granite.
The maximum amount a voucher would pay on behalf of a low-income tenant in Granite, Oklahoma for a two-bedroom apartment is between $802 and $980.
Sourced from federal housing data and AffordableHousingOnline.com research.
