What HUD offices serve Wellston, 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 Wellston.
How many renters live in Wellston, Oklahoma?
The City of Wellston has 794 people living in 382 households.
There are 155 renters living in 78 renter households in this City. Renters make up 19.52 percent of the population living in Wellston.
What is the rental market like in Wellston, Oklahoma?
There are an estimated 436 housing units in the Wellston area. Of these, 95 units are rental homes, making up 22 percent of the housing market. For every renter household in Wellston, Oklahoma, there are 1 rental units.
What is the vacancy rate for rentals in Wellston?
The rental vacancy rate in Wellston is 15 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Wellston for each bedroom size?
Occupied Rental Units by Size in Wellston
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 5 | 42 | 31 | 0 |
Occupied Rental Units by Size in Wellston
A large number of apartments in Wellston 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 Wellston are overburdened by housing costs?
Among renter households in this market, 36 percent have housing cost burden. Further, 15 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 Wellston
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $766 to $1,201. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $766 |
| One BR | $771 |
| Two BR | $891 |
| Three BR | $1,197 |
| Four BR | $1,201 |
2024 Fair Market Rents in Wellston, Oklahoma
How many units are rented at Fair Market Rent (FMR) in Wellston?
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 |
| One BR | 2 | 40 percent |
| Two BR | 21 | 50 percent |
Rental Units Below FMR in Wellston, Oklahoma
How many affordable rental units are in Wellston?
Income Based Apartments in Wellston, Oklahoma
Wellston features 14 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 0 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 $802 and $980.
Sourced from federal housing data and AffordableHousingOnline.com research.
