What HUD offices serve Panama, 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 Panama.
How many renters live in Panama, Oklahoma?
The City of Panama has people living in households.
There are renters living in renter households in this City. Renters make up 49.61 percent of the population living in Panama.
What is the rental market like in Panama, Oklahoma?
There are an estimated housing units in the Panama area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Panama, Oklahoma, there are 1.05 rental units.
What is the vacancy rate for rentals in Panama?
The rental vacancy rate in Panama is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Panama for each bedroom size?
Occupied Rental Units by Size in Panama
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 28 | 74 | 83 | 19 |
Occupied Rental Units by Size in Panama
A large number of apartments in Panama 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 Panama
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $706 to $1,264. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $706 |
| One BR | $711 |
| Two BR | $891 |
| Three BR | $1,215 |
| Four BR | $1,264 |
2024 Fair Market Rents in Panama, Oklahoma
How many units are rented at Fair Market Rent (FMR) in Panama?
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 |
| One BR | 25 | 89 percent |
| Two BR | 56 | 76 percent |
Rental Units Below FMR in Panama, Oklahoma
How many affordable rental units are in Panama?
There are a variety of federal affordable housing programs serving households in Panama, Oklahoma including the following:
| Federal Program | Unit Count |
| Public Housing | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Panama, Oklahoma
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Panama, Oklahoma
Panama 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 Panama, Oklahoma
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Panama.
Housing Choice Vouchers in Panama, Oklahoma
On average, Section 8 Housing Choice vouchers pay Panama landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Panama.
The maximum amount a voucher would pay on behalf of a low-income tenant in Panama, Oklahoma for a two-bedroom apartment is between $802 and $980.
Sourced from federal housing data and AffordableHousingOnline.com research.