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Affordable Housing In Arkoma
Le Flore County, Oklahoma

1 Low Income Apartment Communities In Arkoma

Archwood Apartments

1006 Highway 9A
Arkoma, Oklahoma
Call For Rent
1-3 BR
Accepts Vouchers
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Housing Authorities that serve Arkoma

Housing Authority Programs
Oklahoma Housing Finance Agency Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Arkoma, Oklahoma

There are 1 low income housing apartment communities offering 24 affordable apartments for rent in Arkoma, Oklahoma.

Income Based Apartments in Arkoma, Oklahoma

Arkoma features 24 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 Arkoma, Oklahoma

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

Housing Choice Vouchers in Arkoma, Oklahoma

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Arkoma, Oklahoma for a two-bedroom apartment is between $617 and $755.

2020 Arkoma, Oklahoma Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $541 $545 $686 $894 $994
Payment Standard Range $487 to $595 $491 to $600 $617 to $755 $805 to $983 $895 to $1,093

Sourced from federal housing data and research.

Arkoma, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 24
Total Housing Units with Rental Assistance 24
Percentage of Housing Units Occupied By Renters 27.9%
Average Renter Household Size 2.21
Average Household Size 2.32
Median Household Income $26,454 ±$2,970
Median Rent $532 ±$20
Percentage Of Renters Overburdened 46.43% ± 12.61pp
Total Population 1,915

Population and Household Demographics

Arkoma is a City in Le Flore County, Oklahoma with a population of 1,915. There are 803 households in the city with an average household size of 2.32 persons. 27.9% of households in Arkoma are renters.

Income and Rent Overburden in Arkoma

The median gross income for households in Arkoma is $26,454 a year, or $2,205 a month. The median rent for the city is $532 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Arkoma, a household making less than $1,773 a month would be considered overburdened when renting an apartment at or above the median rent. 46.43% of households who rent are overburdened in Arkoma.1

Area Median Income In Arkoma

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Arkoma, the AMI is calculated from all households within Le Flore County.

In Arkoma, HUD calculates the Area Median Income for a family of four as $49,200

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Arkoma

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Arkoma

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $33,100 $35,350 $37,650
50% of Median $19,950 $22,800 $25,650 $28,500 $30,800 $33,100 $35,350 $37,650
80% of Median $31,950 $36,500 $41,050 $45,600 $49,250 $52,900 $56,550 $60,200