Affordable Housing In Miami
Ottawa County, Oklahoma

5 Low Income Apartment Communities In Miami

Route 66 Landing

36 N Main St
Miami, OK
Call For Rent
2-3 BR
55+
HCV Welcome

Pine Place Apartments ( Formerly Miami Senior )

1100 Pine St
Miami, OK
Subsidized

Twin Springs Estates ( Aka Miami Apartments )

1700 Redwood Ln
Miami, OK
HCV Welcome

Neosho Ridge Addition

1802 18th Pl SW
Miami, OK
HCV Welcome

Nine Tribes Towers

205 B St NE
Miami, OK
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Housing Authorities that serve Miami

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

Guide To Affordable Housing in Miami, Oklahoma

According to federal housing data and AffordableHousingOnline.com research, there are 5 low income housing apartment communities offering 395 affordable apartments for rent in Miami, Oklahoma. Miami features 305 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 90 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Miami.

Miami, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 395
Total Housing Units with Rental Assistance 305
Percentage of Housing Units Occupied By Renters 40.23%
Average Renter Household Size 2.54
Average Household Size 2.46
Median Household Income $34,387 ±$1,514
Median Rent $642 ±$15
Percentage Of Renters Overburdened 47.01% ± 3.45pp
Total Population 13,666

Population and Household Demographics

Miami is a City in Ottawa County, Oklahoma with a population of 13,666. There are 5,197 households in the city with an average household size of 2.46 persons. 40.23% of households in Miami are renters.

Income and Rent Overburden in Miami

The median gross income for households in Miami is $34,387 a year, or $2,866 a month. The median rent for the city is $642 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Miami, a household making less than $2,140 a month would be considered overburdened when renting an apartment at or above the median rent. 47.01% of households who rent are overburdened in Miami.1

Area Median Income In Miami

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 Miami, the AMI is calculated from all households within Ottawa County.

In Miami, HUD calculates the Area Median Income for a family of four as $48,300

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 Miami

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 Miami HUD Rental Assistance in Miami

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 Miami

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

From 2002 to 2011, 2 low income apartment communities containing 48 rental apartments have been constructed and made affordable to low income persons in Miami 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 Miami

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 Miami 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 Miami

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
$469 $544 $717 $893 $993