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Affordable Housing In Beaver County

1 Low Income Apartment Communities In Beaver County

Beaver Valley Apartments Lp

602 Main St
Beaver, Oklahoma
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Housing Authorities that serve Beaver County

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

Guide To Affordable Housing in Beaver County, Oklahoma

There are 1 low income housing apartment communities offering 48 affordable apartments for rent in Beaver County, Oklahoma.

Income Based Apartments in Beaver County, Oklahoma

Beaver County features 0 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 Beaver County, Oklahoma

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Beaver County.

Housing Choice Vouchers in Beaver County, Oklahoma

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Beaver County, Oklahoma for a two-bedroom apartment is between $627 and $767.

2020 Beaver County, 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 $519 $547 $697 $869 $944
Payment Standard Range $467 to $571 $492 to $602 $627 to $767 $782 to $956 $850 to $1,038

Sourced from federal housing data and research.

Beaver County, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 48
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 20.97%
Average Renter Household Size 2.93
Average Household Size 2.70
Median Household Income $52,090 ±$3,703
Median Rent $682 ±$41
Percentage Of Renters Overburdened 17.73% ± 7.79pp
Total Population 5,530

Population and Household Demographics

Beaver County is a county in Oklahoma with a population of 5,530. There are 2,017 households in the county with an average household size of 2.70 persons. 20.97% of households in Beaver County are renters.

Income and Rent Overburden in Beaver County

The median gross income for households in Beaver County is $52,090 a year, or $4,341 a month. The median rent for the county is $682 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Beaver County, a household making less than $2,273 a month would be considered overburdened when renting an apartment at or above the median rent. 17.73% of households who rent are overburdened in Beaver County.

Area Median Income In Beaver County

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.

In Beaver County, HUD calculates the Area Median Income for a family of four as $64,100

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 Beaver County

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 Beaver County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,500 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $42,350
50% of Median $22,450 $25,650 $28,850 $32,050 $34,650 $37,200 $39,750 $42,350
80% of Median $35,950 $41,050 $46,200 $51,300 $55,450 $59,550 $63,650 $67,750

Cities In Beaver County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Beaver The HUD funded Public Housing Agency that serves Beaver is the Oklahoma Housing Finance Agency.
Forgan The HUD funded Public Housing Agency that serves Forgan is the Oklahoma Housing Finance Agency.
Gate The HUD funded Public Housing Agency that serves Gate is the Oklahoma Housing Finance Agency.
Knowles The HUD funded Public Housing Agency that serves Knowles is the Oklahoma Housing Finance Agency.
Turpin The HUD funded Public Housing Agency that serves Turpin is the Oklahoma Housing Finance Agency.