Affordable Housing In Chickasha
Grady County, Oklahoma

7 Low Income Apartment Communities In Chickasha

Country Park Apartments

1601 Henderson St
Chickasha, OK
Income Based
2-4 BR

Chickasha Villa

100 E Country Club Rd
Chickasha, OK
Income Based
1-3 BR
HCV Welcome

Chickasha Senior Apartments

199 E Almar Dr
Chickasha, OK
Income Based
1-2 BR
HCV Welcome

Nowata Gardens Apartments

2501 S 9th St
Chickasha, OK
Elderly Supportive Housing

Avalon Park

2702 Valley View Dr
Chickasha, OK
Disabled Supportive Housing

Autumn Brooke Apartments

2727 Valley View Dr
Chickasha, OK
HCV Welcome

Lillie Mae Retirement Village

180 E Almar Dr
Chickasha, OK
HCV Welcome
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Housing Authorities that serve Chickasha

Housing Authority Programs
Oklahoma Housing Finance Agency Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Chickasha, Oklahoma

According to federal housing data and research, there are 7 low income housing apartment communities offering 399 affordable apartments for rent in Chickasha, Oklahoma. Chickasha features 180 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 219 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Chickasha.

Chickasha, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 399
Total Housing Units with Rental Assistance 180
Percentage of Housing Units Occupied By Renters 40.65%
Average Renter Household Size 2.45
Average Household Size 2.45
Median Household Income $40,811 ±$2,513
Median Rent $664 ±$24
Percentage Of Renters Overburdened 36.42% ± 5.18pp
Total Population 16,284

Population and Household Demographics

Chickasha is a City in Grady County, Oklahoma with a population of 16,284. There are 6,384 households in the city with an average household size of 2.45 persons. 40.65% of households in Chickasha are renters.

Income and Rent Overburden in Chickasha

The median gross income for households in Chickasha is $40,811 a year, or $3,401 a month. The median rent for the city is $664 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Chickasha, a household making less than $2,213 a month would be considered overburdened when renting an apartment at or above the median rent. 36.42% of households who rent are overburdened in Chickasha.1

Area Median Income In Chickasha

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 Chickasha, the AMI is calculated from all households within Grady County.

In Chickasha, HUD calculates the Area Median Income for a family of four as $67,500

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 Chickasha

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 Chickasha HUD Rental Assistance in Chickasha

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,200 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,650 $27,000 $30,400 $33,750 $36,450 $39,150 $41,850 $44,550
80% of Median $37,800 $43,200 $48,600 $54,000 $58,350 $62,650 $67,000 $71,300
Low Income Housing Tax Credits in Chickasha

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2003 to 2007, 3 low income apartment communities containing 202 rental apartments have been constructed and made affordable to low income persons in Chickasha by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Chickasha

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,650 $27,000 $30,400 $33,750 $36,450 $39,150 $41,850 $44,550
60% of Median $28,380 $32,400 $36,480 $40,500 $43,740 $46,980 $50,220 $53,460

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Chickasha is $36,480 a year, or $3,040 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,040 by 30% to get a maximum rent of $912 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $591 $633 $760 $878 $979 $1,080
60% $710 $760 $912 $1,053 $1,175 $1,296
Fair Market Rents in Chickasha

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
$526 $530 $698 $978 $1,009