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Affordable Housing In Cromwell
Seminole County, Oklahoma

Housing Authorities that serve Cromwell

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

Guide To Affordable Housing in Cromwell, Oklahoma

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Cromwell, Oklahoma.

Income Based Apartments in Cromwell, Oklahoma

Cromwell features 0 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 Cromwell, Oklahoma

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cromwell.

Housing Choice Vouchers in Cromwell, Oklahoma

On average, Section 8 Housing Choice vouchers pay Cromwell landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cromwell.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cromwell, Oklahoma for a two-bedroom apartment is between $655 and $801.

2021 Cromwell, 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
Cromwell, Oklahoma Fair Market Rent $485 $552 $728 $932 $1,128
Cromwell, Oklahoma Payment Standard Range $437 to $534 $497 to $607 $655 to $801 $839 to $1,025 $1,015 to $1,241

Sourced from federal housing data and research.

Cromwell, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 21.57%
Average Renter Household Size 3.05
Average Household Size 2.65
Median Household Income $33,333 ±$5,471
Median Rent $544 ±$125
Percentage Of Renters Overburdened 13.64% ± 60.73pp
Total Population 270

Population and Household Demographics

Cromwell is a city in Seminole County, Oklahoma with a population of 270. There are 102 households in the city with an average household size of 2.65 persons. 21.57% of households in Cromwell are renters.

Income and Rent Overburden in Cromwell

The median gross income for households in Cromwell is $33,333 a year, or $2,778 a month. The median rent for the city is $544 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cromwell, a household making less than $1,813 a month would be considered overburdened when renting an apartment at or above the median rent. 13.64% of households who rent are overburdened in Cromwell.

Area Median Income In Cromwell

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 Cromwell, the AMI is calculated from all households within Seminole County.

In Cromwell, HUD calculates the Area Median Income for a family of four as $51,600

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 Cromwell

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 Cromwell

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Cromwell AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $31,040 $34,400 $36,800 $39,150
50% AMI Income Limits
Renters earning up to 50% of the Cromwell AMI may qualify for rental assistance programs that target Very Low Income households.
$20,800 $23,750 $26,700 $29,650 $32,050 $34,400 $36,800 $39,150
80% AMI Income Limits
Renters earning up to 80% of the Cromwell AMI may qualify for rental assistance programs that target Low Income households.
$33,250 $38,000 $42,750 $47,450 $51,250 $55,050 $58,850 $62,650