Affordable Housing In Broken Bow
McCurtain County, Oklahoma

Waiting List Openings In Broken Bow

Emergency Housing Voucher

How to Apply for the Waiting List.

7 Low Income Apartment Communities In Broken Bow

Garden Walk Of Broken Bow

100 Oakwood Dr
Broken Bow, Oklahoma
Call For Rent
1-4 BR

Pines

100 Abby Ln
Broken Bow, Oklahoma
Subsidized

Oakwood Village II Apartments

Oakwood Dr
Broken Bow, Oklahoma

Alpaca Ranch Retirement Center

201 Hoyt Gammon Dr
Broken Bow, Oklahoma

Quail Ridge Homes

700 Lexie St
Broken Bow, Oklahoma

Smith Farm Estate

1112 N Main St
Broken Bow, Oklahoma

Eastside Housing

304 Booker St
Broken Bow, Oklahoma
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Section 8 Vouchers, Apartments, and Waiting Lists in Broken Bow, 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 Broken Bow, Oklahoma

Housing Authority Programs
Broken Bow Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Oklahoma Housing Finance Agency Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Broken Bow, Oklahoma

There are 7 low income housing apartment communities offering 369 affordable apartments for rent in Broken Bow, Oklahoma.

Income Based Apartments in Broken Bow, Oklahoma

Broken Bow features 204 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 Bow, Oklahoma

There are 165 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Broken Bow.

Housing Choice Vouchers in Broken Bow, Oklahoma

On average, Section 8 Housing Choice vouchers pay Broken Bow landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Broken Bow.

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

2021 Broken Bow, 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
Broken Bow, Oklahoma Fair Market Rent $505 $556 $728 $972 $1,095
Broken Bow, Oklahoma Payment Standard Range $455 to $556 $500 to $612 $655 to $801 $875 to $1,069 $986 to $1,205

Sourced from federal housing data and AffordableHousingOnline.com research.

Broken Bow, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 369
Total Housing Units with Rental Assistance 204
Percentage of Housing Units Occupied By Renters 52.74%
Average Renter Household Size 2.80
Average Household Size 2.69
Median Household Income $27,201 ±$6,060
Median Rent $520 ±$52
Percentage Of Renters Overburdened 36.76% ± 10.94pp
Total Population 4,127

Population and Household Demographics

Broken Bow is a city in McCurtain County, Oklahoma with a population of 4,127. There are 1,496 households in the city with an average household size of 2.69 persons. 52.74% of households in Broken Bow are renters.

Income and Rent Overburden in Broken Bow

The median gross income for households in Broken Bow is $27,201 a year, or $2,267 a month. The median rent for the city is $520 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Broken Bow, a household making less than $1,733 a month would be considered overburdened when renting an apartment at or above the median rent. 36.76% of households who rent are overburdened in Broken Bow.

Area Median Income In Broken Bow

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 Broken Bow, the AMI is calculated from all households within McCurtain County.

In Broken Bow, HUD calculates the Area Median Income for a family of four as $46,300

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 Broken Bow

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 Broken Bow

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 Broken Bow AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $31,040 $34,400 $36,800 $39,150
50% AMI Income Limits
Renters earning up to 50% of the Broken Bow AMI may qualify for rental assistance programs that target Very Low Income households.
$20,800 $23,750 $26,700 $29,650 $32,050 $34,400 $36,800 $39,150
80% AMI Income Limits
Renters earning up to 80% of the Broken Bow AMI may qualify for rental assistance programs that target Low Income households.
$33,250 $38,000 $42,750 $47,450 $51,250 $55,050 $58,850 $62,650