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Affordable Housing In Bray
Stephens County, Oklahoma

Housing Authorities that serve Bray

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

Guide To Affordable Housing in Bray, Oklahoma

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

Income Based Apartments in Bray, Oklahoma

Bray 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 Bray, Oklahoma

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

Housing Choice Vouchers in Bray, Oklahoma

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Bray, Oklahoma for a two-bedroom apartment is between $655 and $801.

2021 Bray, 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
Bray, Oklahoma Fair Market Rent $561 $577 $728 $984 $1,076
Bray, Oklahoma Payment Standard Range $505 to $617 $519 to $635 $655 to $801 $886 to $1,082 $968 to $1,184

Sourced from federal housing data and research.

Bray, 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 17.67%
Average Renter Household Size 3.74
Average Household Size 2.78
Median Household Income $52,500 ±$6,145
Median Rent $596 ±$202
Percentage Of Renters Overburdened 35.37% ± 25.92pp
Total Population 1,291

Population and Household Demographics

Bray is a city in Stephens County, Oklahoma with a population of 1,291. There are 464 households in the city with an average household size of 2.78 persons. 17.67% of households in Bray are renters.

Income and Rent Overburden in Bray

The median gross income for households in Bray is $52,500 a year, or $4,375 a month. The median rent for the city is $596 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bray, a household making less than $1,987 a month would be considered overburdened when renting an apartment at or above the median rent. 35.37% of households who rent are overburdened in Bray.

Area Median Income In Bray

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 Bray, the AMI is calculated from all households within Stephens County.

In Bray, HUD calculates the Area Median Income for a family of four as $61,300

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 Bray

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 Bray

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 Bray AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,900 $17,420 $21,960 $26,500 $31,040 $35,580 $38,050 $40,500
50% AMI Income Limits
Renters earning up to 50% of the Bray AMI may qualify for rental assistance programs that target Very Low Income households.
$21,500 $24,550 $27,600 $30,650 $33,150 $35,600 $38,050 $40,500
80% AMI Income Limits
Renters earning up to 80% of the Bray AMI may qualify for rental assistance programs that target Low Income households.
$34,350 $39,250 $44,150 $49,050 $53,000 $56,900 $60,850 $64,750