Affordable Housing In Oklahoma County
Oklahoma
40 Low Income Apartment Communities In Oklahoma County
Roscoe Dunjee Senior Living Center I & II
The Reserve at West 10th
Bent Oak Village
Housing Authorities that serve Oklahoma County
| Housing Authority | Programs |
|---|---|
| Oklahoma Housing Finance Agency | Section 8 Housing Choice Voucher (HCV) |
Other Housing Authorities located in Oklahoma County
| Housing Authority | Programs |
|---|---|
| Oklahoma City Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing; Rental Assistance Demonstration (RAD) |
| Housing Authority of the City of Del City | Public Housing |
Guide To Affordable Housing in Oklahoma County, Oklahoma
According to federal housing data and AffordableHousingOnline.com research, there are 40 low income housing apartment communities offering 3,487 affordable apartments for rent in Oklahoma County, Oklahoma. Oklahoma County features 1,144 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 2,289 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Oklahoma County.
Oklahoma County, OK Affordable Housing Snapshot
| Total Affordable Apartment Properties | 40 |
|---|---|
| Total Low Income Apartments | 3,487 |
| Total Housing Units with Rental Assistance | 1,144 |
| Percentage of Housing Units Occupied By Renters | 41.31% |
| Average Renter Household Size | 2.43 |
| Average Household Size | 2.53 |
| Median Household Income | $47,437 ±$488 |
| Median Rent | $780 ±$6 |
| Percentage Of Renters Overburdened | 45.93% ± 1.18pp |
| Total Population | 754,480 |
Population and Household Demographics
Oklahoma County is a County in Oklahoma with a population of 754,480. There are 291,390 households in the county with an average household size of 2.53 persons. 41.31% of households in Oklahoma County are renters.
Income and Rent Overburden in Oklahoma County
The median gross income for households in Oklahoma County is $47,437 a year, or $3,953 a month. The median rent for the county is $780 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Oklahoma County, a household making less than $2,600 a month would be considered overburdened when renting an apartment at or above the median rent. 45.93% of households who rent are overburdened in Oklahoma County.1
Area Median Income In Oklahoma 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 Oklahoma County, HUD calculates the Area Median Income for a family of four as $73,800
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 Oklahoma 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 Oklahoma County HUD Rental Assistance in Oklahoma County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% of Median | $15,550 | $17,750 | $21,330 | $25,750 | $30,170 | $34,590 | $39,010 | $43,430 |
| 50% of Median | $25,850 | $29,550 | $33,250 | $36,900 | $39,900 | $42,850 | $45,800 | $48,750 |
| 80% of Median | $41,350 | $47,250 | $53,150 | $59,050 | $63,800 | $68,500 | $73,250 | $77,950 |
Low Income Housing Tax Credits in Oklahoma County
The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.
From 1992 to 2009, 11 low income apartment communities containing 1,155 rental apartments have been constructed and made affordable to low income persons in Oklahoma County 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 Oklahoma County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 50% of Median | $25,850 | $29,550 | $33,250 | $36,900 | $39,900 | $42,850 | $45,800 | $48,750 |
| 60% of Median | $31,020 | $35,460 | $39,900 | $44,280 | $47,880 | $51,420 | $54,960 | $58,500 |
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 Oklahoma County is $39,900 a year, or $3,325 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,325 by 30% to get a maximum rent of $998 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% | $646 | $693 | $831 | $960 | $1,071 | $1,182 |
| 60% | $776 | $831 | $998 | $1,152 | $1,286 | $1,418 |
Fair Market Rents in Oklahoma County
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 |
|---|---|---|---|---|
| $684 | $724 | $906 | $1,231 | $1,506 |
Cities In Oklahoma County
Select A City to View its Apartment Communities and Waiting Lists.
| City | Listings | Served By |
|---|---|---|
| Edmond | 11 | The HUD funded Public Housing Agency that serves Edmond is the Oklahoma Housing Finance Agency. |
| Choctaw | 2 | The HUD funded Public Housing Agency that serves Choctaw is the Oklahoma Housing Finance Agency. |
| Midwest City | 5 | The HUD funded Public Housing Agency that serves Midwest City is the Oklahoma Housing Finance Agency. |
| Jones | 2 | The HUD funded Public Housing Agency that serves Jones is the Oklahoma Housing Finance Agency. |
| Spencer | 4 | The HUD funded Public Housing Agency that serves Spencer is the Oklahoma Housing Finance Agency. |
| Harrah | 2 | The HUD funded Public Housing Agency that serves Harrah is the Oklahoma Housing Finance Agency. |
| Del City | 3 | The HUD funded Public Housing Agencies that serve Del City are the Housing Authority of the City of Del City and Oklahoma Housing Finance Agency. |
| Warr Acres | 2 | The HUD funded Public Housing Agency that serves Warr Acres is the Oklahoma Housing Finance Agency. |
| Bethany | 0 | The HUD funded Public Housing Agency that serves Bethany is the Oklahoma Housing Finance Agency. |
| Arcadia | 0 | The HUD funded Public Housing Agency that serves Arcadia is the Oklahoma Housing Finance Agency. |
| Forest Park | 0 | The HUD funded Public Housing Agency that serves Forest Park is the Oklahoma Housing Finance Agency. |
| Lake Aluma | 0 | The HUD funded Public Housing Agency that serves Lake Aluma is the Oklahoma Housing Finance Agency. |
| Luther | 0 | The HUD funded Public Housing Agency that serves Luther is the Oklahoma Housing Finance Agency. |
| Nichols Hills | 0 | The HUD funded Public Housing Agency that serves Nichols Hills is the Oklahoma Housing Finance Agency. |
| Nicoma Park | 0 | The HUD funded Public Housing Agency that serves Nicoma Park is the Oklahoma Housing Finance Agency. |
| Smith Village | 0 | The HUD funded Public Housing Agency that serves Smith Village is the Oklahoma Housing Finance Agency. |
| The Village | 0 | The HUD funded Public Housing Agency that serves The Village is the Oklahoma Housing Finance Agency. |
| Valley Brook | 0 | The HUD funded Public Housing Agency that serves Valley Brook is the Oklahoma Housing Finance Agency. |
| Woodlawn Park | 0 | The HUD funded Public Housing Agency that serves Woodlawn Park is the Oklahoma Housing Finance Agency. |
| Oklahoma City | 81 | The HUD funded Public Housing Agencies that serve Oklahoma City are the Oklahoma City Housing Authority and Oklahoma Housing Finance Agency. |
