Affordable Housing In Billings
Noble County, Oklahoma

Waiting List Openings In Billings

Emergency Housing Voucher

How to Apply for the Waiting List.

2 Low Income Apartment Communities In Billings

Billings Pioneer Village

216 S Broadway St
Billings, Oklahoma
Call For Rent
1-2 BR

Noble Ridge Apt

1255 S Broadway St
Billings, Oklahoma
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Section 8 Vouchers, Apartments, and Waiting Lists in Billings, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Billings, Oklahoma

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

Guide To Affordable Housing in Billings, Oklahoma

There are 2 low income housing apartment communities offering 18 affordable apartments for rent in Billings, Oklahoma.

Income Based Apartments in Billings, Oklahoma

Billings features 6 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 Billings, Oklahoma

There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Billings.

Housing Choice Vouchers in Billings, Oklahoma

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Billings, Oklahoma for a two-bedroom apartment is between $666 and $814.

2022 Billings, 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
Billings, Oklahoma Fair Market Rent $581 $649 $740 $1,051 $1,267
Billings, Oklahoma Payment Standard Range $523 to $639 $584 to $714 $666 to $814 $946 to $1,156 $1,140 to $1,394

Sourced from federal housing data and research.

Billings, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 18
Total Housing Units with Rental Assistance 6
Percentage of Housing Units Occupied By Renters 43.93%
Average Renter Household Size 2.13
Average Household Size 2.07
Median Household Income $26,875 ±$13,032
Median Rent $458 ±$197
Percentage Of Renters Overburdened 34.21% ± 17.44pp
Total Population 519

Population and Household Demographics

Billings is a city in Noble County, Oklahoma with a population of 519. There are 173 households in the city with an average household size of 2.07 persons. 43.93% of households in Billings are renters.

Income and Rent Overburden in Billings

The median gross income for households in Billings is $26,875 a year, or $2,240 a month. The median rent for the city is $458 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Billings, a household making less than $1,527 a month would be considered overburdened when renting an apartment at or above the median rent. 34.21% of households who rent are overburdened in Billings.

Area Median Income In Billings

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 Billings, the AMI is calculated from all households within Noble County.

In Billings, HUD calculates the Area Median Income for a family of four as $68,200

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 Billings

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 Billings

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Billings AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,350 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Billings AMI may qualify for rental assistance programs that target Very Low Income households.
$23,900 $27,300 $30,700 $34,100 $36,850 $39,600 $42,300 $45,050
80% AMI Income Limits
Renters earning up to 80% of the Billings AMI may qualify for rental assistance programs that target Low Income households.
$38,200 $43,650 $49,100 $54,550 $58,950 $63,300 $67,650 $72,050