Affordable Housing In Kay County
Oklahoma

14 Low Income Apartment Communities In Kay County

Waverly Estates Apartments

601 N Waverly St
Ponca City, OK
62+
HCV Welcome

Jefferson Park Apartments

1012 S 10th St
Blackwell, OK
Subsidized

Community Place Apartments

202 4th Street
Ponca City, OK
62+
Accessible
HCV Welcome

Paradise Corner Apartments

3501 N Union St
Ponca City, OK
Subsidized

Quail Run Apartments

1500 Queens Ave
Ponca City, OK
Accessible
Disabled Supportive Housing
Subsidized

East Terrace Apartments

1501 Bradley Avenue
Ponca City, OK
Subsidized

Larkin Hotel Apartments

201 N Main Street
Blackwell, OK
55+
HCV Welcome

Willowcreek Apartments

1501 Princeton Ave
Ponca City, OK
HCV Welcome

Lakewood Apartments, Lp

501 Hickory
Kaw City, OK
HCV Welcome

Lakewood Apartments

201 Hickory Dr
Kaw City, OK

Housing Authorities that serve Kay County

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

Other Housing Authorities located in Kay County

Housing Authority Programs
Housing Authority of the City of Newkirk Public Housing
Ponca City Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Kay County, Oklahoma

There are 14 low income housing apartment communities offering 712 affordable apartments for rent in Kay County, Oklahoma. Kay County features 454 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 258 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Kay County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Kay County, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 712
Total Housing Units with Rental Assistance 454
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
Total Population 45,587

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.1

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 $55,400

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 Kay County HUD Rental Assistance in Kay 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 Kay County

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

From 1992 to 2011, 6 low income apartment communities containing 230 rental apartments have been constructed and made affordable to low income persons in Kay 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 Kay 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 Kay 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 Kay 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
$517 $521 $686 $949 $1,033

Cities In Kay County

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

City Listings Served By
Blackwell 4 The HUD funded Public Housing Agency that serves Blackwell is the Oklahoma Housing Finance Agency.
Ponca City 8 The HUD funded Public Housing Agencies that serve Ponca City are the Ponca City Housing Authority and Oklahoma Housing Finance Agency.
Kaw City 2 The HUD funded Public Housing Agency that serves Kaw City is the Oklahoma Housing Finance Agency.
Newkirk 0 The HUD funded Public Housing Agencies that serve Newkirk are the Housing Authority of the City of Newkirk and Oklahoma Housing Finance Agency.
Tonkawa 0 The HUD funded Public Housing Agency that serves Tonkawa is the Oklahoma Housing Finance Agency.
Braman 0 The HUD funded Public Housing Agency that serves Braman is the Oklahoma Housing Finance Agency.
Kildare 0 The HUD funded Public Housing Agency that serves Kildare is the Oklahoma Housing Finance Agency.
Nardin 0 The HUD funded Public Housing Agency that serves Nardin is the Oklahoma Housing Finance Agency.