What HUD offices serve Broken Arrow, 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.
Go to the Oklahoma Public Housing and Low-Income Apartments Waiting Lists page for openings near Broken Arrow.
How many renters live in Broken Arrow, Oklahoma?
The City of Broken Arrow has people living in households.
There are renters living in renter households in this City. Renters make up 23.06 percent of the population living in Broken Arrow.
What is the rental market like in Broken Arrow, Oklahoma?
There are an estimated housing units in the Broken Arrow area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Broken Arrow, Oklahoma, there are 1.06 rental units.
What is the vacancy rate for rentals in Broken Arrow?
The rental vacancy rate in Broken Arrow is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Broken Arrow for each bedroom size?
Occupied Rental Units by Size in Broken Arrow
Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
---|---|---|---|---|
456 | 2,181 | 3,769 | 3,651 | 899 |
Occupied Rental Units by Size in Broken Arrow
A large number of apartments in Broken Arrow have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Broken Arrow
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $834 to $1,733. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size | 2024 Fair Market Rents |
Studio | $834 |
One BR | $900 |
Two BR | $1,128 |
Three BR | $1,489 |
Four BR | $1,733 |
2024 Fair Market Rents in Broken Arrow, Oklahoma
How many units are rented at Fair Market Rent (FMR) in Broken Arrow?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
Studio | 82 | 18 percent |
One BR | 866 | 40 percent |
Two BR | 1,701 | 45 percent |
Rental Units Below FMR in Broken Arrow, Oklahoma
How many affordable rental units are in Broken Arrow?
There are a variety of federal affordable housing programs serving households in Broken Arrow, Oklahoma including the following:
Federal Program | Unit Count |
Low Income Housing Tax Credit | |
Section 8 Project-Based Rental Assistance | |
Section 202 Supportive Housing for the Elderly | |
Section 811 Supportive Housing for Persons with Disabilities |
Tracked Units by Federal Program in Broken Arrow, Oklahoma
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Broken Arrow, Oklahoma
Broken Arrow features 415 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 Broken Arrow, Oklahoma
There are 264 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Broken Arrow.
Housing Choice Vouchers in Broken Arrow, Oklahoma
On average, Section 8 Housing Choice vouchers pay Broken Arrow landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Broken Arrow.
The maximum amount a voucher would pay on behalf of a low-income tenant in Broken Arrow, Oklahoma for a two-bedroom apartment is between $1,015 and $1,241.
Sourced from federal housing data and AffordableHousingOnline.com research.