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Affordable Housing In Morrison
Noble County, Oklahoma

1 Low Income Apartment Communities In Morrison

Morrison Village Apartments, Lp

1001 7th St
Morrison, Oklahoma
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Housing Authorities that serve Morrison

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

Guide To Affordable Housing in Morrison, Oklahoma

There are 1 low income housing apartment communities offering 24 affordable apartments for rent in Morrison, Oklahoma.

Income Based Apartments in Morrison, Oklahoma

Morrison features 0 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 Morrison, Oklahoma

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Morrison.

Housing Choice Vouchers in Morrison, Oklahoma

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

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

2021 Morrison, 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
Morrison, Oklahoma Fair Market Rent $561 $639 $728 $1,042 $1,260
Morrison, Oklahoma Payment Standard Range $505 to $617 $575 to $703 $655 to $801 $938 to $1,146 $1,134 to $1,386

Sourced from federal housing data and research.

Morrison, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 24
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 23.43%
Average Renter Household Size 2.89
Average Household Size 2.55
Median Household Income $50,313 ±$10,337
Median Rent $596 ±$213
Percentage Of Renters Overburdened 42.25% ± 33.19pp
Total Population 773

Population and Household Demographics

Morrison is a city in Noble County, Oklahoma with a population of 773. There are 303 households in the city with an average household size of 2.55 persons. 23.43% of households in Morrison are renters.

Income and Rent Overburden in Morrison

The median gross income for households in Morrison is $50,313 a year, or $4,193 a month. The median rent for the city is $596 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Morrison, a household making less than $1,987 a month would be considered overburdened when renting an apartment at or above the median rent. 42.25% of households who rent are overburdened in Morrison.

Area Median Income In Morrison

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 Morrison, the AMI is calculated from all households within Noble County.

In Morrison, HUD calculates the Area Median Income for a family of four as $68,000

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 Morrison

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 Morrison

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 Morrison AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,300 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% AMI Income Limits
Renters earning up to 50% of the Morrison AMI may qualify for rental assistance programs that target Very Low Income households.
$23,800 $27,200 $30,600 $34,000 $36,750 $39,450 $42,200 $44,900
80% AMI Income Limits
Renters earning up to 80% of the Morrison AMI may qualify for rental assistance programs that target Low Income households.
$38,100 $43,550 $49,000 $54,400 $58,800 $63,150 $67,500 $71,850