Affordable Housing In Kay County
15 Low Income Apartment Communities In Kay County
Housing Authorities that serve Kay County
|Oklahoma Housing Finance Agency||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Kay County, Oklahoma
There are 15 low income housing apartment communities offering 749 affordable apartments for rent in Kay County, Oklahoma.
Income Based Apartments in Kay County, Oklahoma
Kay County features 491 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 Kay County, Oklahoma
There are 258 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kay County.
Housing Choice Vouchers in Kay County, Oklahoma
On average, Section 8 Housing Choice vouchers pay Kay County landlords $300 per month towards rent. The average voucher holder contributes $400 towards rent in Kay County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Kay County, Oklahoma for a two-bedroom apartment is between $655 and $801.
2021 Kay 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|
|Kay County, Oklahoma Fair Market Rent||$549||$552||$728||$972||$1,059|
|Kay County, Oklahoma Payment Standard Range||$494 to $604||$497 to $607||$655 to $801||$875 to $1,069||$953 to $1,165|
Sourced from federal housing data and AffordableHousingOnline.com research.
Kay County, OK Affordable Housing Snapshot
|Total Affordable Apartment Properties||15|
|Total Low Income Apartments||749|
|Total Housing Units with Rental Assistance||491|
|Percentage of Housing Units Occupied By Renters||31.06%|
|Average Renter Household Size||2.49|
|Average Household Size||2.46|
|Median Household Income||$42,134 ±$1,434|
|Median Rent||$620 ±$18|
|Percentage Of Renters Overburdened||36.34% ± 3.19pp|
Population and Household Demographics
Kay County is a county in Oklahoma with a population of 45,587. There are 18,115 households in the county with an average household size of 2.46 persons. 31.06% of households in Kay County are renters.
Income and Rent Overburden in Kay County
The median gross income for households in Kay County is $42,134 a year, or $3,511 a month. The median rent for the county is $620 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Kay County, a household making less than $2,067 a month would be considered overburdened when renting an apartment at or above the median rent. 36.34% of households who rent are overburdened in Kay County.
Area Median Income In Kay 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 Kay County, HUD calculates the Area Median Income for a family of four as $58,600
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 Kay 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 Kay 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 Kay County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Kay County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Kay County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Kay County
Select A City to View its Apartment Communities and Waiting Lists.
|Blackwell||The HUD funded Public Housing Agency that serves Blackwell is the Oklahoma Housing Finance Agency.|
|Braman||The HUD funded Public Housing Agency that serves Braman is the Oklahoma Housing Finance Agency.|
|Kaw City||The HUD funded Public Housing Agency that serves Kaw City is the Oklahoma Housing Finance Agency.|
|Kildare||The HUD funded Public Housing Agency that serves Kildare is the Oklahoma Housing Finance Agency.|
|Nardin||The HUD funded Public Housing Agency that serves Nardin is the Oklahoma Housing Finance Agency.|
|Newkirk||The HUD funded Public Housing Agencies that serve Newkirk are the Housing Authority of the City of Newkirk and Oklahoma Housing Finance Agency.|
|Ponca City||The HUD funded Public Housing Agencies that serve Ponca City are the Ponca City Housing Authority and Oklahoma Housing Finance Agency.|
|Tonkawa||The HUD funded Public Housing Agency that serves Tonkawa is the Oklahoma Housing Finance Agency.|