What HUD offices serve Pauls Valley, 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 Pauls Valley.
How many renters live in Pauls Valley, Oklahoma?
The City of Pauls Valley has 6,031 people living in 2,412 households.
There are 2,793 renters living in 1,139 renter households in this City. Renters make up 46.31 percent of the population living in Pauls Valley.
What is the rental market like in Pauls Valley, Oklahoma?
There are an estimated 3,066 housing units in the Pauls Valley area. Of these, 1,207 units are rental homes, making up 39 percent of the housing market. For every renter household in Pauls Valley, Oklahoma, there are 1 rental units.
What is the vacancy rate for rentals in Pauls Valley?
The rental vacancy rate in Pauls Valley 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 Pauls Valley for each bedroom size?
Occupied Rental Units by Size in Pauls Valley
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 18 | 141 | 440 | 504 | 36 |
Occupied Rental Units by Size in Pauls Valley
A large number of apartments in Pauls Valley 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 Pauls Valley are overburdened by housing costs?
Among renter households in this market, 39 percent have housing cost burden. Further, 17 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 Pauls Valley
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $674 to $1,465. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $674 |
| One BR | $678 |
| Two BR | $891 |
| Three BR | $1,159 |
| Four BR | $1,465 |
2024 Fair Market Rents in Pauls Valley, Oklahoma
How many units are rented at Fair Market Rent (FMR) in Pauls Valley?
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 | 6 | 33 percent |
| One BR | 115 | 82 percent |
| Two BR | 359 | 82 percent |
Rental Units Below FMR in Pauls Valley, Oklahoma
How many affordable rental units are in Pauls Valley?
There are a variety of federal affordable housing programs serving households in Pauls Valley, Oklahoma including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 134 |
| Public Housing | 61 |
| Section 202 Supportive Housing for the Elderly | 2 |
| USDA Section 515 Rural Rental Housing | 28 |
Tracked Units by Federal Program in Pauls Valley, Oklahoma
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Pauls Valley, Oklahoma
Pauls Valley features 118 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 Pauls Valley, Oklahoma
There are 117 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pauls Valley.
Housing Choice Vouchers in Pauls Valley, Oklahoma
On average, Section 8 Housing Choice vouchers pay Pauls Valley landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Pauls Valley.
The maximum amount a voucher would pay on behalf of a low-income tenant in Pauls Valley, Oklahoma for a two-bedroom apartment is between $802 and $980.
Sourced from federal housing data and AffordableHousingOnline.com research.
