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Affordable Housing In Paoli
Garvin County, Oklahoma

Housing Authorities that serve Paoli

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

Guide To Affordable Housing in Paoli, Oklahoma

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Paoli, Oklahoma.

Income Based Apartments in Paoli, Oklahoma

Paoli 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 Paoli, Oklahoma

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Paoli.

Housing Choice Vouchers in Paoli, Oklahoma

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

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

2021 Paoli, 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
Paoli, Oklahoma Fair Market Rent $553 $557 $728 $985 $1,208
Paoli, Oklahoma Payment Standard Range $498 to $608 $501 to $613 $655 to $801 $887 to $1,084 $1,087 to $1,329

Sourced from federal housing data and research.

Paoli, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 34.7%
Average Renter Household Size 2.86
Average Household Size 2.62
Median Household Income $29,583 ±$6,551
Median Rent $613 ±$67
Percentage Of Renters Overburdened 28.95% ± 15.5pp
Total Population 573

Population and Household Demographics

Paoli is a city in Garvin County, Oklahoma with a population of 573. There are 219 households in the city with an average household size of 2.62 persons. 34.7% of households in Paoli are renters.

Income and Rent Overburden in Paoli

The median gross income for households in Paoli is $29,583 a year, or $2,465 a month. The median rent for the city is $613 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Paoli, a household making less than $2,043 a month would be considered overburdened when renting an apartment at or above the median rent. 28.95% of households who rent are overburdened in Paoli.

Area Median Income In Paoli

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 Paoli, the AMI is calculated from all households within Garvin County.

In Paoli, HUD calculates the Area Median Income for a family of four as $57,400

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 Paoli

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 Paoli

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 Paoli AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $31,040 $34,400 $36,800 $39,150
50% AMI Income Limits
Renters earning up to 50% of the Paoli AMI may qualify for rental assistance programs that target Very Low Income households.
$20,800 $23,750 $26,700 $29,650 $32,050 $34,400 $36,800 $39,150
80% AMI Income Limits
Renters earning up to 80% of the Paoli AMI may qualify for rental assistance programs that target Low Income households.
$33,250 $38,000 $42,750 $47,450 $51,250 $55,050 $58,850 $62,650