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Affordable Housing In Wellston
Lincoln County, Oklahoma

1 Low Income Apartment Communities In Wellston

Wellston Village Apartments

100 N Ash St
Wellston, Oklahoma
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Housing Authorities that serve Wellston

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

Guide To Affordable Housing in Wellston, Oklahoma

There are 1 low income housing apartment communities offering 28 affordable apartments for rent in Wellston, Oklahoma.

Income Based Apartments in Wellston, Oklahoma

Wellston 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 Wellston, Oklahoma

There are 28 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wellston.

Housing Choice Vouchers in Wellston, Oklahoma

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

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

2020 Wellston, 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 research.

Wellston, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 28
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 26.95%
Average Renter Household Size 2.43
Average Household Size 2.33
Median Household Income $47,667 ±$10,458
Median Rent $646 ±$91
Percentage Of Renters Overburdened 15.56% ± 14.28pp
Total Population 778

Population and Household Demographics

Wellston is a city in Lincoln County, Oklahoma with a population of 778. There are 334 households in the city with an average household size of 2.33 persons. 26.95% of households in Wellston are renters.

Income and Rent Overburden in Wellston

The median gross income for households in Wellston is $47,667 a year, or $3,972 a month. The median rent for the city is $646 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wellston, a household making less than $2,153 a month would be considered overburdened when renting an apartment at or above the median rent. 15.56% of households who rent are overburdened in Wellston.

Area Median Income In Wellston

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

In Wellston, 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 Wellston

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 Wellston

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