Affordable Housing In Bethany
Oklahoma County, Oklahoma

Housing Authorities that serve Bethany

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

Guide To Affordable Housing in Bethany, Oklahoma

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Bethany, Oklahoma.

Income Based Apartments in Bethany, Oklahoma

Bethany 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 Bethany, Oklahoma

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

Housing Choice Vouchers in Bethany, Oklahoma

On average, Section 8 Housing Choice vouchers pay Bethany landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Bethany.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bethany, Oklahoma for a two-bedroom apartment is between $815 and $997.

2020 Bethany, 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 $684 $724 $906 $1,231 $1,506
Payment Standard Range $616 to $752 $652 to $796 $815 to $997 $1,108 to $1,354 $1,355 to $1,657

Sourced from federal housing data and research.

Bethany, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 43.43%
Average Renter Household Size 2.44
Average Household Size 2.55
Median Household Income $42,644 ±$2,351
Median Rent $756 ±$31
Percentage Of Renters Overburdened 46.59% ± 7.26pp
Total Population 19,478

Population and Household Demographics

Bethany is a City in Oklahoma County, Oklahoma with a population of 19,478. There are 7,384 households in the city with an average household size of 2.55 persons. 43.43% of households in Bethany are renters.

Income and Rent Overburden in Bethany

The median gross income for households in Bethany is $42,644 a year, or $3,554 a month. The median rent for the city is $756 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bethany, a household making less than $2,520 a month would be considered overburdened when renting an apartment at or above the median rent. 46.59% of households who rent are overburdened in Bethany.1

Area Median Income In Bethany

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 Bethany, the AMI is calculated from all households within Oklahoma County.

In Bethany, HUD calculates the Area Median Income for a family of four as $73,800

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 Bethany

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 Bethany

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,550 $17,750 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,850 $29,550 $33,250 $36,900 $39,900 $42,850 $45,800 $48,750
80% of Median $41,350 $47,250 $53,150 $59,050 $63,800 $68,500 $73,250 $77,950