Affordable Housing In Canadian County
92 Low Income Apartment Communities In Canadian County
Housing Authorities that serve Canadian County
|Oklahoma Housing Finance Agency||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Canadian County, Oklahoma
There are 92 low income housing apartment communities offering 8,940 affordable apartments for rent in Canadian County, Oklahoma.
Income Based Apartments in Canadian County, Oklahoma
Canadian County features 4,211 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 Canadian County, Oklahoma
There are 4,669 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Canadian County.
Housing Choice Vouchers in Canadian County, Oklahoma
On average, Section 8 Housing Choice vouchers pay Canadian County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Canadian County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Canadian County, Oklahoma for a two-bedroom apartment is between $815 and $997.
2020 Canadian County, 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 AffordableHousingOnline.com research.
Canadian County, OK Affordable Housing Snapshot
|Total Affordable Apartment Properties||92|
|Total Low Income Apartments||8,940|
|Total Housing Units with Rental Assistance||4,211|
|Percentage of Housing Units Occupied By Renters||23.07%|
|Average Renter Household Size||2.75|
|Average Household Size||2.88|
|Median Household Income||$64,505 ±$1,511|
|Median Rent||$886 ±$41|
|Percentage Of Renters Overburdened||34.22% ± 3.43pp|
Population and Household Demographics
Canadian County is a county in Oklahoma with a population of 126,193. There are 43,063 households in the county with an average household size of 2.88 persons. 23.07% of households in Canadian County are renters.
Income and Rent Overburden in Canadian County
The median gross income for households in Canadian County is $64,505 a year, or $5,375 a month. The median rent for the county is $886 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Canadian County, a household making less than $2,953 a month would be considered overburdened when renting an apartment at or above the median rent. 34.22% of households who rent are overburdened in Canadian County.
Area Median Income In Canadian County
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.
In Canadian County, HUD calculates the Area Median Income for a family of four as $74,400
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 Canadian County
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 Canadian County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$15,650||$17,850||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$26,050||$29,800||$33,500||$37,200||$40,200||$43,200||$46,150||$49,150|
|80% of Median||$41,650||$47,600||$53,550||$59,500||$64,300||$69,050||$73,800||$78,550|
Cities In Canadian County
Select A City to View its Apartment Communities and Waiting Lists.
|Calumet||The HUD funded Public Housing Agency that serves Calumet is the Oklahoma Housing Finance Agency.|
|El Reno||The HUD funded Public Housing Agency that serves El Reno is the Oklahoma Housing Finance Agency.|
|Mustang||The HUD funded Public Housing Agency that serves Mustang is the Oklahoma Housing Finance Agency.|
|Okarche||The HUD funded Public Housing Agency that serves Okarche is the Oklahoma Housing Finance Agency.|
|Piedmont||The HUD funded Public Housing Agency that serves Piedmont is the Oklahoma Housing Finance Agency.|
|Union City||The HUD funded Public Housing Agency that serves Union City is the Oklahoma Housing Finance Agency.|
|Yukon||The HUD funded Public Housing Agency that serves Yukon is the Oklahoma Housing Finance Agency.|