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Affordable Housing In Prague
Lincoln County, Oklahoma

4 Low Income Apartment Communities In Prague

Prague Village Apartments

2209 8th St
Prague, Oklahoma
Income Based
1-2 BR
Subsidized
Accepts Vouchers

Parkland Town Homes

1823 Sherry Ln
Prague, Oklahoma
$405
2 BR
Accepts Vouchers
62+

517 Mitacek Ave

517 Mitacek Ave
Prague, Oklahoma

Prague Terrace, Lp

622 and 626 Spitler Dr
Prague, Oklahoma
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Housing Authorities that serve Prague

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

Guide To Affordable Housing in Prague, Oklahoma

There are 4 low income housing apartment communities offering 112 affordable apartments for rent in Prague, Oklahoma.

Income Based Apartments in Prague, Oklahoma

Prague features 88 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 Prague, Oklahoma

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Prague.

Housing Choice Vouchers in Prague, Oklahoma

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Prague, Oklahoma for a two-bedroom apartment is between $617 and $755.

2020 Prague, 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 $524 $527 $686 $942 $945
Payment Standard Range $472 to $576 $474 to $580 $617 to $755 $848 to $1,036 $851 to $1,040

Sourced from federal housing data and AffordableHousingOnline.com research.

Prague, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 112
Total Housing Units with Rental Assistance 88
Percentage of Housing Units Occupied By Renters 43.58%
Average Renter Household Size 2.48
Average Household Size 2.58
Median Household Income $39,777 ±$6,589
Median Rent $599 ±$63
Percentage Of Renters Overburdened 38.97% ± 9.71pp
Total Population 2,389

Population and Household Demographics

Prague is a city in Lincoln County, Oklahoma with a population of 2,389. There are 895 households in the city with an average household size of 2.58 persons. 43.58% of households in Prague are renters.

Income and Rent Overburden in Prague

The median gross income for households in Prague is $39,777 a year, or $3,315 a month. The median rent for the city is $599 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Prague, a household making less than $1,997 a month would be considered overburdened when renting an apartment at or above the median rent. 38.97% of households who rent are overburdened in Prague.

Area Median Income In Prague

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 Prague, the AMI is calculated from all households within Lincoln County.

In Prague, HUD calculates the Area Median Income for a family of four as $61,600

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 Prague

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 Prague

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,950 $17,240 $21,720 $26,200 $30,680 $35,160 $38,200 $40,700
50% of Median $21,600 $24,650 $27,750 $30,800 $33,300 $35,750 $38,200 $40,700
80% of Median $34,550 $39,450 $44,400 $49,300 $53,250 $57,200 $61,150 $65,100