What HUD offices serve Wetumka, 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 Wetumka.
How many renters live in Wetumka, Oklahoma?
The City of Wetumka has 1,498 people living in 468 households.
There are 478 renters living in 179 renter households in this City. Renters make up 31.91 percent of the population living in Wetumka.
What is the rental market like in Wetumka, Oklahoma?
There are an estimated 641 housing units in the Wetumka area. Of these, 193 units are rental homes, making up 30 percent of the housing market. For every renter household in Wetumka, Oklahoma, there are 1 rental units.
What is the vacancy rate for rentals in Wetumka?
The rental vacancy rate in Wetumka is 7 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 Wetumka for each bedroom size?
Occupied Rental Units by Size in Wetumka
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 4 | 46 | 76 | 53 | 0 |
Occupied Rental Units by Size in Wetumka
A large number of apartments in Wetumka 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 Wetumka are overburdened by housing costs?
Among renter households in this market, 36 percent have housing cost burden. Further, 12 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 Wetumka
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $677 to $1,482. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $677 |
| One BR | $680 |
| Two BR | $891 |
| Three BR | $1,151 |
| Four BR | $1,482 |
2024 Fair Market Rents in Wetumka, Oklahoma
How many units are rented at Fair Market Rent (FMR) in Wetumka?
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 | 4 | 100 percent |
| One BR | 39 | 85 percent |
| Two BR | 47 | 62 percent |
Rental Units Below FMR in Wetumka, Oklahoma
How many affordable rental units are in Wetumka?
There are a variety of federal affordable housing programs serving households in Wetumka, Oklahoma including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 23 |
| Public Housing | 59 |
Tracked Units by Federal Program in Wetumka, Oklahoma
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Wetumka, Oklahoma
Wetumka features 83 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 Wetumka, Oklahoma
There are 23 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wetumka.
Housing Choice Vouchers in Wetumka, Oklahoma
On average, Section 8 Housing Choice vouchers pay Wetumka landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Wetumka.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wetumka, Oklahoma for a two-bedroom apartment is between $802 and $980.
Sourced from federal housing data and AffordableHousingOnline.com research.
