Affordable Housing In Kingfisher County
4 Low Income Apartment Communities In Kingfisher County
Housing Authorities that serve Kingfisher County
|Oklahoma Housing Finance Agency||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Kingfisher County, Oklahoma
There are 4 low income housing apartment communities offering 86 affordable apartments for rent in Kingfisher County, Oklahoma.
Income Based Apartments in Kingfisher County, Oklahoma
Kingfisher County features 86 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 Kingfisher County, Oklahoma
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kingfisher County.
Housing Choice Vouchers in Kingfisher County, Oklahoma
On average, Section 8 Housing Choice vouchers pay Kingfisher County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Kingfisher County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Kingfisher County, Oklahoma for a two-bedroom apartment is between $638 and $780.
2020 Kingfisher 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|
|Fair Market Rent||$528||$623||$709||$963||$966|
|Payment Standard Range||$475 to $581||$561 to $685||$638 to $780||$867 to $1,059||$869 to $1,063|
Sourced from federal housing data and AffordableHousingOnline.com research.
Kingfisher County, OK Affordable Housing Snapshot
|Total Affordable Apartment Properties||4|
|Total Low Income Apartments||86|
|Total Housing Units with Rental Assistance||86|
|Percentage of Housing Units Occupied By Renters||23.64%|
|Average Renter Household Size||2.58|
|Average Household Size||2.64|
|Median Household Income||$60,034 ±$3,603|
|Median Rent||$708 ±$33|
|Percentage Of Renters Overburdened||28.45% ± 8.45pp|
Population and Household Demographics
Kingfisher County is a county in Oklahoma with a population of 15,302. There are 5,741 households in the county with an average household size of 2.64 persons. 23.64% of households in Kingfisher County are renters.
Income and Rent Overburden in Kingfisher County
The median gross income for households in Kingfisher County is $60,034 a year, or $5,003 a month. The median rent for the county is $708 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Kingfisher County, a household making less than $2,360 a month would be considered overburdened when renting an apartment at or above the median rent. 28.45% of households who rent are overburdened in Kingfisher County.
Area Median Income In Kingfisher 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 Kingfisher County, HUD calculates the Area Median Income for a family of four as $75,500
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 Kingfisher 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 Kingfisher County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$15,900||$18,150||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$26,450||$30,200||$34,000||$37,750||$40,800||$43,800||$46,850||$49,850|
|80% of Median||$42,300||$48,350||$54,400||$60,400||$65,250||$70,100||$74,900||$79,750|
Cities In Kingfisher County
Select A City to View its Apartment Communities and Waiting Lists.
|Cashion||The HUD funded Public Housing Agency that serves Cashion is the Oklahoma Housing Finance Agency.|
|Dover||The HUD funded Public Housing Agency that serves Dover is the Oklahoma Housing Finance Agency.|
|Hennessey||The HUD funded Public Housing Agency that serves Hennessey is the Oklahoma Housing Finance Agency.|
|Kingfisher||The HUD funded Public Housing Agency that serves Kingfisher is the Oklahoma Housing Finance Agency.|
|Loyal||The HUD funded Public Housing Agency that serves Loyal is the Oklahoma Housing Finance Agency.|