What HUD offices serve Canute, 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 Canute.
How many renters live in Canute, Oklahoma?
The City of Canute has 498 people living in 155 households.
There are 98 renters living in 38 renter households in this City. Renters make up 19.68 percent of the population living in Canute.
What is the rental market like in Canute, Oklahoma?
There are an estimated 199 housing units in the Canute area. Of these, 45 units are rental homes, making up 23 percent of the housing market. For every renter household in Canute, Oklahoma, there are 1 rental units.
What is the vacancy rate for rentals in Canute?
The rental vacancy rate in Canute is 13 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Canute for each bedroom size?
Occupied Rental Units by Size in Canute
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 10 | 28 | 0 |
Occupied Rental Units by Size in Canute
A large number of apartments in Canute have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Canute are overburdened by housing costs?
Among renter households in this market, 34 percent have housing cost burden. Further, 29 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Canute
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $677 to $1,357. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $677 |
| One BR | $794 |
| Two BR | $891 |
| Three BR | $1,114 |
| Four BR | $1,357 |
2024 Fair Market Rents in Canute, Oklahoma
How many units are rented at Fair Market Rent (FMR) in Canute?
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 |
| Two BR | 5 | 50 percent |
Rental Units Below FMR in Canute, Oklahoma
How many affordable rental units are in Canute?
There are a variety of federal affordable housing programs serving households in Canute, Oklahoma including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 6 |
| USDA Section 515 Rural Rental Housing | 6 |
Tracked Units by Federal Program in Canute, Oklahoma
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Canute, Oklahoma
Canute 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 Canute, Oklahoma
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Canute.
Housing Choice Vouchers in Canute, Oklahoma
On average, Section 8 Housing Choice vouchers pay Canute landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Canute.
The maximum amount a voucher would pay on behalf of a low-income tenant in Canute, Oklahoma for a two-bedroom apartment is between $802 and $980.
Sourced from federal housing data and AffordableHousingOnline.com research.
