What HUD offices serve The Village, 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 The Village.
How many renters live in The Village, Oklahoma?
The City of The Village has 9,479 people living in 4,749 households.
There are 4,324 renters living in 1,932 renter households in this City. Renters make up 45.62 percent of the population living in The Village.
What is the rental market like in The Village, Oklahoma?
There are an estimated 5,085 housing units in the The Village area. Of these, 2,013 units are rental homes, making up 40 percent of the housing market. For every renter household in The Village, Oklahoma, there are 1 rental units.
What is the vacancy rate for rentals in The Village?
The rental vacancy rate in The Village is 4 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 The Village for each bedroom size?
Occupied Rental Units by Size in The Village
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 12 | 169 | 549 | 1,148 | 54 |
Occupied Rental Units by Size in The Village
A large number of apartments in The Village have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in The Village are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 24 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in The Village
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $824 to $1,605. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $824 |
| One BR | $884 |
| Two BR | $1,091 |
| Three BR | $1,454 |
| Four BR | $1,605 |
2024 Fair Market Rents in The Village, Oklahoma
How many units are rented at Fair Market Rent (FMR) in The Village?
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 |
| Studio | 12 | 100 percent |
| One BR | 15 | 9 percent |
| Two BR | 216 | 39 percent |
Rental Units Below FMR in The Village, Oklahoma
How many affordable rental units are in The Village?
Income Based Apartments in The Village, Oklahoma
The Village 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 The Village, Oklahoma
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in The Village.
Housing Choice Vouchers in The Village, Oklahoma
On average, Section 8 Housing Choice vouchers pay The Village landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in The Village.
The maximum amount a voucher would pay on behalf of a low-income tenant in The Village, Oklahoma for a two-bedroom apartment is between $982 and $1,200.
Sourced from federal housing data and AffordableHousingOnline.com research.
