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Affordable Housing In Madill
Marshall County, Oklahoma

3 Low Income Apartment Communities In Madill

Ridgeview Drive Apartments

1036 Ridgeview Dr
Madill, Oklahoma
Subsidized

Madill Affordable Housing II

Carilyn St
Madill, Oklahoma
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Housing Authorities that serve Madill

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

Guide To Affordable Housing in Madill, Oklahoma

There are 3 low income housing apartment communities offering 140 affordable apartments for rent in Madill, Oklahoma.

Income Based Apartments in Madill, Oklahoma

Madill features 44 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 Madill, Oklahoma

There are 96 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Madill.

Housing Choice Vouchers in Madill, Oklahoma

On average, Section 8 Housing Choice vouchers pay Madill landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Madill.

The maximum amount a voucher would pay on behalf of a low-income tenant in Madill, Oklahoma for a two-bedroom apartment is between $655 and $801.

2021 Madill, 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 $480 $552 $728 $905 $1,157
Payment Standard Range $432 to $528 $497 to $607 $655 to $801 $815 to $996 $1,041 to $1,273

Sourced from federal housing data and AffordableHousingOnline.com research.

Madill, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 140
Total Housing Units with Rental Assistance 44
Percentage of Housing Units Occupied By Renters 34.65%
Average Renter Household Size 2.64
Average Household Size 2.66
Median Household Income $40,082 ±$3,712
Median Rent $586 ±$28
Percentage Of Renters Overburdened 40.96% ± 14.39pp
Total Population 3,839

Population and Household Demographics

Madill is a city in Marshall County, Oklahoma with a population of 3,839. There are 1,388 households in the city with an average household size of 2.66 persons. 34.65% of households in Madill are renters.

Income and Rent Overburden in Madill

The median gross income for households in Madill is $40,082 a year, or $3,340 a month. The median rent for the city is $586 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Madill, a household making less than $1,953 a month would be considered overburdened when renting an apartment at or above the median rent. 40.96% of households who rent are overburdened in Madill.

Area Median Income In Madill

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Madill, the AMI is calculated from all households within Marshall County.

In Madill, HUD calculates the Area Median Income for a family of four as $56,800

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 Madill

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 Madill

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,760 $17,240 $21,720 $26,200 $30,680 $33,200 $35,500 $37,800
50% of Median $20,050 $22,900 $25,750 $28,600 $30,900 $33,200 $35,500 $37,800
80% of Median $32,050 $36,600 $41,200 $45,750 $49,450 $53,100 $56,750 $60,400