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Affordable Housing In Tipton
Tillman County, Oklahoma

3 Low Income Apartment Communities In Tipton

Golden Groves

801 SE 5th St
Tipton, Oklahoma
Elderly Supportive Housing

Tipton Public Housing

411 Ventris Lane
Tipton, Oklahoma

Elm Grove Apts C/O Wpm

205 E Rosser
Tipton, Oklahoma
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Housing Authorities that serve Tipton

Housing Authority Programs
Housing Authority of the Town of Tipton Public Housing
Oklahoma Housing Finance Agency Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Tipton, Oklahoma

There are 3 low income housing apartment communities offering 61 affordable apartments for rent in Tipton, Oklahoma.

Income Based Apartments in Tipton, Oklahoma

Tipton features 61 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 Tipton, Oklahoma

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

Housing Choice Vouchers in Tipton, Oklahoma

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Tipton, Oklahoma for a two-bedroom apartment is between $655 and $801.

2021 Tipton, 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 $561 $639 $728 $913 $1,074
Payment Standard Range $505 to $617 $575 to $703 $655 to $801 $822 to $1,004 $967 to $1,181

Sourced from federal housing data and research.

Tipton, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 61
Total Housing Units with Rental Assistance 61
Percentage of Housing Units Occupied By Renters 32.98%
Average Renter Household Size 2.07
Average Household Size 2.32
Median Household Income $43,015 ±$14,341
Median Rent $521 ±$243
Percentage Of Renters Overburdened 23.58% ± 16.92pp
Total Population 867

Population and Household Demographics

Tipton is a city in Tillman County, Oklahoma with a population of 867. There are 373 households in the city with an average household size of 2.32 persons. 32.98% of households in Tipton are renters.

Income and Rent Overburden in Tipton

The median gross income for households in Tipton is $43,015 a year, or $3,585 a month. The median rent for the city is $521 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Tipton, a household making less than $1,737 a month would be considered overburdened when renting an apartment at or above the median rent. 23.58% of households who rent are overburdened in Tipton.

Area Median Income In Tipton

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 Tipton, the AMI is calculated from all households within Tillman County.

In Tipton, HUD calculates the Area Median Income for a family of four as $52,700

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 Tipton

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 Tipton

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,760 $17,240 $21,720 $26,200 $30,680 $33,200 $35,500 $37,800
50% of Median $20,050 $22,900 $25,750 $28,600 $30,900 $33,200 $35,500 $37,800
80% of Median $32,050 $36,600 $41,200 $45,750 $49,450 $53,100 $56,750 $60,400