What HUD offices serve New Cordell, Oklahoma?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Oklahoma Public Housing and Low-Income Apartments Waiting Lists page for openings near New Cordell.
How many renters live in New Cordell, Oklahoma?
The City of New Cordell has people living in households.
There are renters living in renter households in this City. Renters make up 20.87 percent of the population living in New Cordell.
What is the rental market like in New Cordell, Oklahoma?
There are an estimated housing units in the New Cordell area. Of these, units are rental homes, making up percent of the housing market. For every renter household in New Cordell, Oklahoma, there are 1.26 rental units.
What is the vacancy rate for rentals in New Cordell?
The rental vacancy rate in New Cordell is 20 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in New Cordell for each bedroom size?
Occupied Rental Units by Size in New Cordell
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 1 | 49 | 109 | 48 | 15 |
Occupied Rental Units by Size in New Cordell
A large number of apartments in New Cordell have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in New Cordell
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $677 to $1,357. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $677 |
| One BR | $794 |
| Two BR | $891 |
| Three BR | $1,114 |
| Four BR | $1,357 |
2024 Fair Market Rents in New Cordell, Oklahoma
How many units are rented at Fair Market Rent (FMR) in New Cordell?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 1 | 100 percent |
| One BR | 40 | 82 percent |
| Two BR | 86 | 79 percent |
Rental Units Below FMR in New Cordell, Oklahoma
How many affordable rental units are in New Cordell?
There are a variety of federal affordable housing programs serving households in New Cordell, Oklahoma including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in New Cordell, Oklahoma
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in New Cordell, Oklahoma
New Cordell 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 New Cordell, Oklahoma
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Cordell.
Housing Choice Vouchers in New Cordell, Oklahoma
On average, Section 8 Housing Choice vouchers pay New Cordell landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in New Cordell.
The maximum amount a voucher would pay on behalf of a low-income tenant in New Cordell, Oklahoma for a two-bedroom apartment is between $802 and $980.
Sourced from federal housing data and AffordableHousingOnline.com research.