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Affordable Housing In Thomas
Custer County, Oklahoma

1 Low Income Apartment Communities In Thomas

Mkm Apartments

400 South 10th Street
Thomas, Oklahoma
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Housing Authorities that serve Thomas

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

Guide To Affordable Housing in Thomas, Oklahoma

There are 1 low income housing apartment communities offering 12 affordable apartments for rent in Thomas, Oklahoma.

Income Based Apartments in Thomas, Oklahoma

Thomas features 12 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 Thomas, Oklahoma

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

Housing Choice Vouchers in Thomas, Oklahoma

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Thomas, Oklahoma for a two-bedroom apartment is between $662 and $809.

2021 Thomas, 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
Thomas, Oklahoma Fair Market Rent $566 $602 $735 $1,048 $1,205
Thomas, Oklahoma Payment Standard Range $509 to $623 $542 to $662 $662 to $809 $943 to $1,153 $1,085 to $1,326

Sourced from federal housing data and research.

Thomas, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 12
Total Housing Units with Rental Assistance 12
Percentage of Housing Units Occupied By Renters 19.59%
Average Renter Household Size 2.14
Average Household Size 2.42
Median Household Income $52,700 ±$13,055
Median Rent $630 ±$82
Percentage Of Renters Overburdened 27.08% ± 25.5pp
Total Population 1,220

Population and Household Demographics

Thomas is a city in Custer County, Oklahoma with a population of 1,220. There are 490 households in the city with an average household size of 2.42 persons. 19.59% of households in Thomas are renters.

Income and Rent Overburden in Thomas

The median gross income for households in Thomas is $52,700 a year, or $4,392 a month. The median rent for the city is $630 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Thomas, a household making less than $2,100 a month would be considered overburdened when renting an apartment at or above the median rent. 27.08% of households who rent are overburdened in Thomas.

Area Median Income In Thomas

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 Thomas, the AMI is calculated from all households within Custer County.

In Thomas, HUD calculates the Area Median Income for a family of four as $60,800

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 Thomas

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 Thomas

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 Thomas AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $31,040 $35,300 $37,700 $40,150
50% AMI Income Limits
Renters earning up to 50% of the Thomas AMI may qualify for rental assistance programs that target Very Low Income households.
$21,300 $24,350 $27,400 $30,400 $32,850 $35,300 $37,700 $40,150
80% AMI Income Limits
Renters earning up to 80% of the Thomas AMI may qualify for rental assistance programs that target Low Income households.
$34,100 $38,950 $43,800 $48,650 $52,550 $56,450 $60,350 $64,250