Affordable Housing In Craig County
Oklahoma

6 Low Income Apartment Communities In Craig County

Marlene Apartments

501 Ealum St
Ketchum, OK
Income Based
2 BR
Accessible
HCV Welcome

Willow Bend Village Apartments

1047 S Washington St
Welch, OK
Call For Rent
1-2 BR

Villa Lofts of Vinita

201 S Wilson St
Vinita, OK
62+
HCV Welcome

Hornet Apartments

817 N Elm St
Vinita, OK
Subsidized

Burroughs Manor

111 S Thompson St
Vinita, OK
62+
Accessible
Elderly Supportive Housing
Subsidized

Garden Walk of Vinita

1400 W Hope Ave
Vinita, OK
Subsidized
  • «
  • 1
  • »

Housing Authorities that serve Craig County

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

Guide To Affordable Housing in Craig County, Oklahoma

There are 6 low income housing apartment communities offering 266 affordable apartments for rent in Craig County, Oklahoma. Craig County features 143 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 123 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Craig County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Craig County, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 266
Total Housing Units with Rental Assistance 143
Percentage of Housing Units Occupied By Renters 24.49%
Average Renter Household Size 2.39
Average Household Size 2.52
Median Household Income $38,876 ±$2,457
Median Rent $621 ±$29
Percentage Of Renters Overburdened 39.41% ± 6.49pp
Total Population 14,744

Population and Household Demographics

Craig County is a County in Oklahoma with a population of 14,744. There are 5,418 households in the county with an average household size of 2.52 persons. 24.49% of households in Craig County are renters.

Income and Rent Overburden in Craig County

The median gross income for households in Craig County is $38,876 a year, or $3,240 a month. The median rent for the county is $621 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Craig County, a household making less than $2,070 a month would be considered overburdened when renting an apartment at or above the median rent. 39.41% of households who rent are overburdened in Craig County.1

Area Median Income In Craig 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 Craig County, HUD calculates the Area Median Income for a family of four as $50,500

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 Craig 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 Craig County HUD Rental Assistance in Craig County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $33,100 $35,350 $37,650
50% of Median $19,950 $22,800 $25,650 $28,500 $30,800 $33,100 $35,350 $37,650
80% of Median $31,950 $36,500 $41,050 $45,600 $49,250 $52,900 $56,550 $60,200
Low Income Housing Tax Credits in Craig County

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

From 2001 to 2001, 2 low income apartment communities containing 66 rental apartments have been constructed and made affordable to low income persons in Craig County 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 Craig County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $19,950 $22,800 $25,650 $28,500 $30,800 $33,100 $35,350 $37,650
60% of Median $23,940 $27,360 $30,780 $34,200 $36,960 $39,720 $42,420 $45,180

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 Craig County is $30,780 a year, or $2,565 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,565 by 30% to get a maximum rent of $770 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% $499 $534 $641 $741 $828 $913
60% $599 $641 $770 $890 $993 $1,095
Fair Market Rents in Craig 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
$513 $567 $706 $918 $956

Cities In Craig County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Welch 1 The HUD funded Public Housing Agency that serves Welch is the Oklahoma Housing Finance Agency.
Vinita 4 The HUD funded Public Housing Agency that serves Vinita is the Oklahoma Housing Finance Agency.
Ketchum 1 The HUD funded Public Housing Agency that serves Ketchum is the Oklahoma Housing Finance Agency.
Big Cabin 0 The HUD funded Public Housing Agency that serves Big Cabin is the Oklahoma Housing Finance Agency.
Bluejacket 0 The HUD funded Public Housing Agency that serves Bluejacket is the Oklahoma Housing Finance Agency.
Langley 0 The HUD funded Public Housing Agency that serves Langley is the Oklahoma Housing Finance Agency.
White Oak 0 The HUD funded Public Housing Agency that serves White Oak is the Oklahoma Housing Finance Agency.