What HUD offices serve Ada, 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 Ada.
How many renters live in Ada, Oklahoma?
The City of Ada has 16,537 people living in 6,530 households.
There are 8,283 renters living in 3,681 renter households in this City. Renters make up 50.09 percent of the population living in Ada.
What is the rental market like in Ada, Oklahoma?
There are an estimated 7,940 housing units in the Ada area. Of these, 4,276 units are rental homes, making up 54 percent of the housing market. For every renter household in Ada, Oklahoma, there are 1 rental units.
What is the vacancy rate for rentals in Ada?
The rental vacancy rate in Ada 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 Ada for each bedroom size?
Occupied Rental Units by Size in Ada
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 206 | 878 | 1,304 | 1,069 | 175 |
Occupied Rental Units by Size in Ada
A large number of apartments in Ada 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 Ada are overburdened by housing costs?
Among renter households in this market, 39 percent have housing cost burden. Further, 20 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 Ada
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $721 to $1,271. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $721 |
| One BR | $726 |
| Two BR | $954 |
| Three BR | $1,213 |
| Four BR | $1,271 |
2024 Fair Market Rents in Ada, Oklahoma
How many units are rented at Fair Market Rent (FMR) in Ada?
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 | 148 | 72 percent |
| One BR | 587 | 67 percent |
| Two BR | 866 | 66 percent |
Rental Units Below FMR in Ada, Oklahoma
How many affordable rental units are in Ada?
There are a variety of federal affordable housing programs serving households in Ada, Oklahoma including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 356 |
| Public Housing | 275 |
| Section 8 Project-Based Rental Assistance | 102 |
| Section 811 Supportive Housing for Persons with Disabilities | 47 |
| USDA Section 515 Rural Rental Housing | 152 |
Tracked Units by Federal Program in Ada, Oklahoma
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Ada, Oklahoma
Ada features 541 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 Ada, Oklahoma
There are 202 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ada.
Housing Choice Vouchers in Ada, Oklahoma
On average, Section 8 Housing Choice vouchers pay Ada landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Ada.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ada, Oklahoma for a two-bedroom apartment is between $859 and $1,049.
Sourced from federal housing data and AffordableHousingOnline.com research.
