Affordable Housing In Payne County
26 Low Income Apartment Communities In Payne County
Housing Authorities that serve Payne County
|Oklahoma Housing Finance Agency||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Payne County, Oklahoma
There are 26 low income housing apartment communities offering 1,164 affordable apartments for rent in Payne County, Oklahoma.
Income Based Apartments in Payne County, Oklahoma
Payne County features 513 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 Payne County, Oklahoma
There are 651 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Payne County.
Housing Choice Vouchers in Payne County, Oklahoma
On average, Section 8 Housing Choice vouchers pay Payne County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Payne County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Payne County, Oklahoma for a two-bedroom apartment is between $743 and $908.
2021 Payne County, 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|
|Payne County, Oklahoma Fair Market Rent||$668||$688||$825||$1,150||$1,291|
|Payne County, Oklahoma Payment Standard Range||$601 to $735||$619 to $757||$743 to $908||$1,035 to $1,265||$1,162 to $1,420|
Sourced from federal housing data and AffordableHousingOnline.com research.
Payne County, OK Affordable Housing Snapshot
|Total Affordable Apartment Properties||26|
|Total Low Income Apartments||1,164|
|Total Housing Units with Rental Assistance||513|
|Percentage of Housing Units Occupied By Renters||49.77%|
|Average Renter Household Size||2.29|
|Average Household Size||2.36|
|Median Household Income||$37,667 ±$1,606|
|Median Rent||$735 ±$31|
|Percentage Of Renters Overburdened||54.12% ± 3.53pp|
Population and Household Demographics
Payne County is a county in Oklahoma with a population of 79,423. There are 30,164 households in the county with an average household size of 2.36 persons. 49.77% of households in Payne County are renters.
Income and Rent Overburden in Payne County
The median gross income for households in Payne County is $37,667 a year, or $3,139 a month. The median rent for the county is $735 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Payne County, a household making less than $2,450 a month would be considered overburdened when renting an apartment at or above the median rent. 54.12% of households who rent are overburdened in Payne County.
Area Median Income In Payne 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 Payne County, HUD calculates the Area Median Income for a family of four as $62,200
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 Payne 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 HUD Rental Assistance in Payne County
|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 Payne County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Payne County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Payne County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Payne County
Select A City to View its Apartment Communities and Waiting Lists.
|Cushing||The HUD funded Public Housing Agencies that serve Cushing are the Housing Authority of the Town of Cushing and Oklahoma Housing Finance Agency.|
|Glencoe||The HUD funded Public Housing Agency that serves Glencoe is the Oklahoma Housing Finance Agency.|
|Perkins||The HUD funded Public Housing Agency that serves Perkins is the Oklahoma Housing Finance Agency.|
|Ripley||The HUD funded Public Housing Agency that serves Ripley is the Oklahoma Housing Finance Agency.|
|Stillwater||The HUD funded Public Housing Agencies that serve Stillwater are the Stillwater Housing Authority and Oklahoma Housing Finance Agency.|
|Yale||The HUD funded Public Housing Agencies that serve Yale are the Housing Authority of the City of Yale and Oklahoma Housing Finance Agency.|