Affordable Housing In Grady County
Oklahoma
13 Low Income Apartment Communities In Grady County
Chickasha Senior Apartments
Nowata Gardens Apartments
Avalon Park
Housing Authorities that serve Grady County
| Housing Authority | Programs |
|---|---|
| Oklahoma Housing Finance Agency | Section 8 Housing Choice Voucher (HCV) |
Guide To Affordable Housing in Grady County, Oklahoma
There are 13 low income housing apartment communities offering 577 affordable apartments for rent in Grady County, Oklahoma.
Income Based Apartments in Grady County, Oklahoma
Grady County features 298 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 Grady County, Oklahoma
There are 279 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grady County.
Housing Choice Vouchers in Grady County, Oklahoma
On average, Section 8 Housing Choice vouchers pay Grady County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Grady County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Grady County, Oklahoma for a two-bedroom apartment is between $655 and $801.
2021 Grady County, 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 | |
|---|---|---|---|---|---|
| Grady County, Oklahoma Fair Market Rent | $555 | $559 | $728 | $1,009 | $1,034 |
| Grady County, Oklahoma Payment Standard Range | $500 to $611 | $503 to $615 | $655 to $801 | $908 to $1,110 | $931 to $1,137 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Grady County, OK Affordable Housing Snapshot
| Total Affordable Apartment Properties | 13 |
|---|---|
| Total Low Income Apartments | 577 |
| Total Housing Units with Rental Assistance | 298 |
| Percentage of Housing Units Occupied By Renters | 24.14% |
| Average Renter Household Size | 2.63 |
| Average Household Size | 2.70 |
| Median Household Income | $52,279 ±$1,873 |
| Median Rent | $663 ±$22 |
| Percentage Of Renters Overburdened | 31.17% ± 3.68pp |
| Total Population | 53,612 |
Population and Household Demographics
Grady County is a county in Oklahoma with a population of 53,612. There are 19,589 households in the county with an average household size of 2.70 persons. 24.14% of households in Grady County are renters.
Income and Rent Overburden in Grady County
The median gross income for households in Grady County is $52,279 a year, or $4,357 a month. The median rent for the county is $663 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grady County, a household making less than $2,210 a month would be considered overburdened when renting an apartment at or above the median rent. 31.17% of households who rent are overburdened in Grady County.
Area Median Income In Grady 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 Grady County, HUD calculates the Area Median Income for a family of four as $72,700
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 Grady 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 HUD Rental Assistance in Grady County
| 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 Grady County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$15,300 | $17,450 | $21,960 | $26,500 | $31,040 | $35,580 | $40,120 | $44,660 |
| 50% AMI Income Limits Renters earning up to 50% of the Grady County AMI may qualify for rental assistance programs that target Very Low Income households. |
$25,450 | $29,100 | $32,750 | $36,350 | $39,300 | $42,200 | $45,100 | $48,000 |
| 80% AMI Income Limits Renters earning up to 80% of the Grady County AMI may qualify for rental assistance programs that target Low Income households. |
$40,750 | $46,550 | $52,350 | $58,150 | $62,850 | $67,500 | $72,150 | $76,800 |
Cities In Grady County
Select A City to View its Apartment Communities and Waiting Lists.
| City | Served By |
|---|---|
| Alex | The HUD funded Public Housing Agency that serves Alex is the Oklahoma Housing Finance Agency. |
| Amber | The HUD funded Public Housing Agency that serves Amber is the Oklahoma Housing Finance Agency. |
| Blanchard | The HUD funded Public Housing Agency that serves Blanchard is the Oklahoma Housing Finance Agency. |
| Bradley | The HUD funded Public Housing Agency that serves Bradley is the Oklahoma Housing Finance Agency. |
| Bridge Creek | The HUD funded Public Housing Agency that serves Bridge Creek is the Oklahoma Housing Finance Agency. |
| Chickasha | The HUD funded Public Housing Agency that serves Chickasha is the Oklahoma Housing Finance Agency. |
| Minco | The HUD funded Public Housing Agency that serves Minco is the Oklahoma Housing Finance Agency. |
| Ninnekah | The HUD funded Public Housing Agency that serves Ninnekah is the Oklahoma Housing Finance Agency. |
| Norge | The HUD funded Public Housing Agency that serves Norge is the Oklahoma Housing Finance Agency. |
| Pocasset | The HUD funded Public Housing Agency that serves Pocasset is the Oklahoma Housing Finance Agency. |
| Rush Springs | The HUD funded Public Housing Agency that serves Rush Springs is the Oklahoma Housing Finance Agency. |
| Tuttle | The HUD funded Public Housing Agency that serves Tuttle is the Oklahoma Housing Finance Agency. |
| Verden | The HUD funded Public Housing Agency that serves Verden is the Oklahoma Housing Finance Agency. |
