Affordable Housing In Kingfisher County

3 Low Income Apartment Communities In Kingfisher County

Autumn Trace Apartments

2305 Mitchell Drive
Kingfisher, OK
Call For Rent
1 BR
Elderly Supportive Housing
HCV Welcome

Kingfisher Village Apartments

1501 S 7th St
Kingfisher, OK
Income Based
1-2 BR

Meadow Glen Apartments Lp

801 W Kens Rd
Kingfisher, OK
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Housing Authorities that serve Kingfisher County

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

Guide To Affordable Housing in Kingfisher County, Oklahoma

There are 3 low income housing apartment communities offering 78 affordable apartments for rent in Kingfisher County, Oklahoma. Kingfisher County features 78 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Kingfisher County.

Sourced from federal housing data and research.

Kingfisher County, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 78
Total Housing Units with Rental Assistance 78
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
Total Population 15,302

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.1

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 $74,500

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 Kingfisher County 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 $15,650 $17,900 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $49,200
80% of Median $41,750 $47,700 $53,650 $59,600 $64,400 $69,150 $73,950 $78,700
Low Income Housing Tax Credits in Kingfisher County

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

From 2005 to 2005, 1 low income apartment communities containing 28 rental apartments have been constructed and made affordable to low income persons in Kingfisher 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 Kingfisher County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $49,200
60% of Median $31,320 $35,760 $40,260 $44,700 $48,300 $51,900 $55,440 $59,040

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 Kingfisher County is $40,260 a year, or $3,355 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,355 by 30% to get a maximum rent of $1,007 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% $653 $699 $839 $969 $1,081 $1,193
60% $783 $839 $1,007 $1,163 $1,298 $1,431
Fair Market Rents in Kingfisher 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
$528 $623 $709 $963 $966

Cities In Kingfisher County

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

City Listings Served By
Kingfisher 3 The HUD funded Public Housing Agency that serves Kingfisher is the Oklahoma Housing Finance Agency.
Cashion 0 The HUD funded Public Housing Agency that serves Cashion is the Oklahoma Housing Finance Agency.
Dover 0 The HUD funded Public Housing Agency that serves Dover is the Oklahoma Housing Finance Agency.
Hennessey 0 The HUD funded Public Housing Agency that serves Hennessey is the Oklahoma Housing Finance Agency.
Loyal 0 The HUD funded Public Housing Agency that serves Loyal is the Oklahoma Housing Finance Agency.