Affordable Housing In Choctaw
2 Low Income Apartment Communities In Choctaw
Housing Authorities that serve Choctaw
|Oklahoma Housing Finance Agency||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Choctaw, Oklahoma
There are 2 low income housing apartment communities offering 91 affordable apartments for rent in Choctaw, Oklahoma.
Income Based Apartments in Choctaw, Oklahoma
Choctaw features 31 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 Choctaw, Oklahoma
There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Choctaw.
Housing Choice Vouchers in Choctaw, Oklahoma
On average, Section 8 Housing Choice vouchers pay Choctaw landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Choctaw.
The maximum amount a voucher would pay on behalf of a low-income tenant in Choctaw, Oklahoma for a two-bedroom apartment is between $815 and $997.
2020 Choctaw, 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.
Choctaw, OK Affordable Housing Snapshot
|Total Affordable Apartment Properties||2|
|Total Low Income Apartments||91|
|Total Housing Units with Rental Assistance||31|
|Percentage of Housing Units Occupied By Renters||16.73%|
|Average Renter Household Size||2.70|
|Average Household Size||2.71|
|Median Household Income||$66,927 ±$2,996|
|Median Rent||$916 ±$65|
|Percentage Of Renters Overburdened||40.96% ± 11.26pp|
Population and Household Demographics
Choctaw is a City in Oklahoma County, Oklahoma with a population of 11,828. There are 4,363 households in the city with an average household size of 2.71 persons. 16.73% of households in Choctaw are renters.
Income and Rent Overburden in Choctaw
The median gross income for households in Choctaw is $66,927 a year, or $5,577 a month. The median rent for the city is $916 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Choctaw, a household making less than $3,053 a month would be considered overburdened when renting an apartment at or above the median rent. 40.96% of households who rent are overburdened in Choctaw.1
Area Median Income In Choctaw
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 Choctaw, the AMI is calculated from all households within Oklahoma County.
In Choctaw, HUD calculates the Area Median Income for a family of four as $73,800
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 Choctaw
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 Choctaw
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$15,550||$17,750||$21,330||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$25,850||$29,550||$33,250||$36,900||$39,900||$42,850||$45,800||$48,750|
|80% of Median||$41,350||$47,250||$53,150||$59,050||$63,800||$68,500||$73,250||$77,950|