Low Income Apartments and Affordable Housing For Rent in Walters, OK

Discover affordable housing in Walters where there are 2+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

504 E California St

504 E California St, Walters, Oklahoma 73572

Heritage Village CO Western Prop

406 W Indiana St, Walters, Oklahoma 73572

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Walters, Oklahoma
$16.88/hour
$9.63 (+133%) more than Oklahoma minimum wage and $9.63 (+133%) more than the Federal minimum wage.
Learn More About Walters, Oklahoma Affordable Housing ↓

What HUD offices serve Walters, 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.

Operates the Public Housing programs for Walters, Oklahoma.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Walters, Oklahoma.

Go to the Oklahoma Public Housing and Low-Income Apartments Waiting Lists page for openings near Walters.

How many renters live in Walters, Oklahoma?

The City of Walters has 2,281 people living in 838 households.

There are 574 renters living in 253 renter households in this City. Renters make up 25.16 percent of the population living in Walters.

What is the rental market like in Walters, Oklahoma?

There are an estimated 1,146 housing units in the Walters area. Of these, 293 units are rental homes, making up 26 percent of the housing market. For every renter household in Walters, Oklahoma, there are 1 rental units.

What is the vacancy rate for rentals in Walters?

The rental vacancy rate in Walters is 14 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Walters for each bedroom size?

Occupied Rental Units by Size in Walters
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4 23 134 88 0
Occupied Rental Units by Size in Walters

A large number of apartments in Walters 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 Walters are overburdened by housing costs?

Among renter households in this market, 43 percent have housing cost burden. Further, 24 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 Walters

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $690 to $1,187. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $690
One BR $694
Two BR $891
Three BR $1,077
Four BR $1,187
2024 Fair Market Rents in Walters, Oklahoma

How many units are rented at Fair Market Rent (FMR) in Walters?

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 4 100 percent
One BR 22 96 percent
Two BR 90 67 percent
Rental Units Below FMR in Walters, Oklahoma

How many affordable rental units are in Walters?

There are a variety of federal affordable housing programs serving households in Walters, Oklahoma including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 24
Public Housing 32
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Walters, Oklahoma

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Walters, Oklahoma

Walters features 56 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 Walters, Oklahoma

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Walters.

Housing Choice Vouchers in Walters, Oklahoma

On average, Section 8 Housing Choice vouchers pay Walters landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Walters.

The maximum amount a voucher would pay on behalf of a low-income tenant in Walters, Oklahoma for a two-bedroom apartment is between $802 and $980.

Sourced from federal housing data and AffordableHousingOnline.com research.