Affordable Housing In Carter County
14 Low Income Apartment Communities In Carter County
Housing Authorities that serve Carter County
|Oklahoma Housing Finance Agency||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Carter County, Oklahoma
There are 14 low income housing apartment communities offering 760 affordable apartments for rent in Carter County, Oklahoma. Carter County features 371 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 389 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Carter County.
Sourced from federal housing data and AffordableHousingOnline.com research.
Carter County, OK Affordable Housing Snapshot
|Total Affordable Apartment Properties||14|
|Total Low Income Apartments||760|
|Total Housing Units with Rental Assistance||371|
|Percentage of Housing Units Occupied By Renters||30.08%|
|Average Renter Household Size||2.65|
|Average Household Size||2.67|
|Median Household Income||$44,531 ±$2,099|
|Median Rent||$676 ±$23|
|Percentage Of Renters Overburdened||34.05% ± 3.51pp|
Population and Household Demographics
Carter County is a County in Oklahoma with a population of 48,442. There are 17,867 households in the county with an average household size of 2.67 persons. 30.08% of households in Carter County are renters.
Income and Rent Overburden in Carter County
The median gross income for households in Carter County is $44,531 a year, or $3,711 a month. The median rent for the county is $676 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Carter County, a household making less than $2,253 a month would be considered overburdened when renting an apartment at or above the median rent. 34.05% of households who rent are overburdened in Carter County.1
Area Median Income In Carter 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 Carter County, HUD calculates the Area Median Income for a family of four as $62,800
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 Carter 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 Carter County HUD Rental Assistance in Carter County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$13,200||$16,910||$21,330||$25,750||$30,170||$34,590||$38,950||$41,450|
|50% of Median||$22,000||$25,150||$28,300||$31,400||$33,950||$36,450||$38,950||$41,450|
|80% of Median||$35,200||$40,200||$45,250||$50,250||$54,300||$58,300||$62,350||$66,350|
Fair Market Rents in Carter County
Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.
2020 Fair Market Rents
|Studio||One BR||Two BR||Three BR||Four BR|
Cities In Carter County
Select A City to View its Apartment Communities and Waiting Lists.
|Ardmore||10||The HUD funded Public Housing Agency that serves Ardmore is the Oklahoma Housing Finance Agency.|
|Lone Grove||1||The HUD funded Public Housing Agency that serves Lone Grove is the Oklahoma Housing Finance Agency.|
|Healdton||2||The HUD funded Public Housing Agency that serves Healdton is the Oklahoma Housing Finance Agency.|
|Wilson||1||The HUD funded Public Housing Agency that serves Wilson is the Oklahoma Housing Finance Agency.|
|Dickson||0||The HUD funded Public Housing Agency that serves Dickson is the Oklahoma Housing Finance Agency.|
|Gene Autry||0||The HUD funded Public Housing Agency that serves Gene Autry is the Oklahoma Housing Finance Agency.|
|Ratliff City||0||The HUD funded Public Housing Agency that serves Ratliff City is the Oklahoma Housing Finance Agency.|
|Springer||0||The HUD funded Public Housing Agency that serves Springer is the Oklahoma Housing Finance Agency.|
|Tatums||0||The HUD funded Public Housing Agency that serves Tatums is the Oklahoma Housing Finance Agency.|