Affordable Housing In Pontotoc County
14 Low Income Apartment Communities In Pontotoc County
Housing Authorities that serve Pontotoc County
|Oklahoma Housing Finance Agency||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Pontotoc County, Oklahoma
There are 14 low income housing apartment communities offering 735 affordable apartments for rent in Pontotoc County, Oklahoma.
Income Based Apartments in Pontotoc County, Oklahoma
Pontotoc County features 533 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 Pontotoc County, Oklahoma
There are 202 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pontotoc County.
Housing Choice Vouchers in Pontotoc County, Oklahoma
On average, Section 8 Housing Choice vouchers pay Pontotoc County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Pontotoc County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Pontotoc County, Oklahoma for a two-bedroom apartment is between $641 and $783.
2020 Pontotoc 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|
|Fair Market Rent||$481||$544||$712||$941||$976|
|Payment Standard Range||$433 to $529||$490 to $598||$641 to $783||$847 to $1,035||$878 to $1,074|
Sourced from federal housing data and AffordableHousingOnline.com research.
Pontotoc County, OK Affordable Housing Snapshot
|Total Affordable Apartment Properties||14|
|Total Low Income Apartments||735|
|Total Housing Units with Rental Assistance||533|
|Percentage of Housing Units Occupied By Renters||35.89%|
|Average Renter Household Size||2.31|
|Average Household Size||2.52|
|Median Household Income||$43,261 ±$1,340|
|Median Rent||$638 ±$15|
|Percentage Of Renters Overburdened||41.23% ± 3.31pp|
Population and Household Demographics
Pontotoc County is a county in Oklahoma with a population of 38,055. There are 14,591 households in the county with an average household size of 2.52 persons. 35.89% of households in Pontotoc County are renters.
Income and Rent Overburden in Pontotoc County
The median gross income for households in Pontotoc County is $43,261 a year, or $3,605 a month. The median rent for the county is $638 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pontotoc County, a household making less than $2,127 a month would be considered overburdened when renting an apartment at or above the median rent. 41.23% of households who rent are overburdened in Pontotoc County.
Area Median Income In Pontotoc 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 Pontotoc County, HUD calculates the Area Median Income for a family of four as $62,900
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 Pontotoc 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 Pontotoc County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$13,200||$17,240||$21,720||$26,200||$30,680||$35,160||$39,000||$41,550|
|50% of Median||$22,050||$25,200||$28,350||$31,450||$34,000||$36,500||$39,000||$41,550|
|80% of Median||$35,250||$40,250||$45,300||$50,300||$54,350||$58,350||$62,400||$66,400|
Cities In Pontotoc County
Select A City to View its Apartment Communities and Waiting Lists.
|Ada||The HUD funded Public Housing Agencies that serve Ada are the Housing Authority of the City of Ada and Oklahoma Housing Finance Agency.|
|Byng||The HUD funded Public Housing Agency that serves Byng is the Oklahoma Housing Finance Agency.|
|Fitzhugh||The HUD funded Public Housing Agency that serves Fitzhugh is the Oklahoma Housing Finance Agency.|
|Francis||The HUD funded Public Housing Agency that serves Francis is the Oklahoma Housing Finance Agency.|
|Roff||The HUD funded Public Housing Agency that serves Roff is the Oklahoma Housing Finance Agency.|
|Stonewall||The HUD funded Public Housing Agency that serves Stonewall is the Oklahoma Housing Finance Agency.|