Affordable Housing In Latimer County
3 Low Income Apartment Communities In Latimer County
Housing Authorities that serve Latimer County
|Oklahoma Housing Finance Agency||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Latimer County, Oklahoma
There are 3 low income housing apartment communities offering 90 affordable apartments for rent in Latimer County, Oklahoma.
Income Based Apartments in Latimer County, Oklahoma
Latimer County features 90 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 Latimer County, Oklahoma
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Latimer County.
Housing Choice Vouchers in Latimer County, Oklahoma
On average, Section 8 Housing Choice vouchers pay Latimer County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Latimer County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Latimer County, Oklahoma for a two-bedroom apartment is between $655 and $801.
2021 Latimer 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|
|Latimer County, Oklahoma Fair Market Rent||$567||$571||$728||$947||$1,056|
|Latimer County, Oklahoma Payment Standard Range||$510 to $624||$514 to $628||$655 to $801||$852 to $1,042||$950 to $1,162|
Sourced from federal housing data and AffordableHousingOnline.com research.
Latimer County, OK Affordable Housing Snapshot
|Total Affordable Apartment Properties||3|
|Total Low Income Apartments||90|
|Total Housing Units with Rental Assistance||90|
|Percentage of Housing Units Occupied By Renters||31.49%|
|Average Renter Household Size||2.45|
|Average Household Size||2.50|
|Median Household Income||$39,205 ±$2,991|
|Median Rent||$506 ±$20|
|Percentage Of Renters Overburdened||32.87% ± 6.5pp|
Population and Household Demographics
Latimer County is a county in Oklahoma with a population of 10,774. There are 4,135 households in the county with an average household size of 2.50 persons. 31.49% of households in Latimer County are renters.
Income and Rent Overburden in Latimer County
The median gross income for households in Latimer County is $39,205 a year, or $3,267 a month. The median rent for the county is $506 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Latimer County, a household making less than $1,687 a month would be considered overburdened when renting an apartment at or above the median rent. 32.87% of households who rent are overburdened in Latimer County.
Area Median Income In Latimer 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 Latimer County, HUD calculates the Area Median Income for a family of four as $53,600
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 Latimer 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 Latimer 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 Latimer 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 Latimer 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 Latimer County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Latimer County
Select A City to View its Apartment Communities and Waiting Lists.
|Fanshawe||The HUD funded Public Housing Agency that serves Fanshawe is the Oklahoma Housing Finance Agency.|
|Red Oak||The HUD funded Public Housing Agency that serves Red Oak is the Oklahoma Housing Finance Agency.|
|Wilburton||The HUD funded Public Housing Agencies that serve Wilburton are the Wilburton Housing Authority and Oklahoma Housing Finance Agency.|