Meadow Cliff Apartments I & II
London Square Village
Brooke Village Senior Apartments
Hillcrest Green Apartments
Woodcrest Apartments
Oak Apartments of Okarche
There are 4,015 low-income apartments in Canadian County that offer reduced rents to eligible households. Low-income rents in Canadian County, Oklahoma can range from $480 to $650 depending on the number of bedrooms.
Rental assistance programs support 4,749 low-income homes in Canadian County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $319 towards rent each month.
Affordable rent data for some communities last confirmed on July 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Canadian County, 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.
| Housing Authority | Programs |
|---|---|
| Oklahoma Housing Finance Agency | Section 8 Housing Choice Voucher (HCV) |
Canadian County, Oklahoma Affordable Housing Data
Income Based Apartments in Canadian County, Oklahoma
Canadian County features 4,749 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 Canadian County, Oklahoma
There are 4,015 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Canadian County.
Housing Choice Vouchers in Canadian County, Oklahoma
On average, Section 8 Housing Choice vouchers pay Canadian County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Canadian County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Canadian County, Oklahoma for a two-bedroom apartment is between $982 and $1,200.
2024 Canadian County, 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 | |
|---|---|---|---|---|---|
| Canadian County, Oklahoma Fair Market Rent | $824 | $884 | $1,091 | $1,454 | $1,605 |
| Canadian County, Oklahoma Payment Standard Range | $742 to $906 | $796 to $972 | $982 to $1,200 | $1,309 to $1,599 | $1,445 to $1,766 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Canadian County, OK Affordable Housing Snapshot
| Total Affordable Apartment Properties | 141 |
|---|---|
| Total Low Income Apartments | 8,815 |
| Total Housing Units with Rental Assistance | 4,749 |
| Percentage of Housing Units Occupied By Renters | 23.07% |
| Average Renter Household Size | 2.75 |
| Average Household Size | 2.88 |
| Median Household Income | $64,505 ±$1,511 |
| Median Rent | $886 ±$41 |
| Percentage Of Renters Overburdened | 34.22% ± 3.43pp |
| Total Population | 126,193 |
Population and Household Demographics
Canadian County is a county in Oklahoma with a population of 126,193. There are 43,063 households in the county with an average household size of 2.88 persons. 23.07% of households in Canadian County are renters.
Income and Rent Overburden in Canadian County
The median gross income for households in Canadian County is $64,505 a year, or $5,375 a month. The median rent for the county is $886 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Canadian County, a household making less than $2,953 a month would be considered overburdened when renting an apartment at or above the median rent. 34.22% of households who rent are overburdened in Canadian County.
Area Median Income In Canadian County
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.
In Canadian County, HUD calculates the Area Median Income for a family of four as $86,000
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 Canadian County
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 Canadian County
| 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 Canadian County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$18,100 | $20,650 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Canadian County AMI may qualify for rental assistance programs that target Very Low Income households. |
$30,100 | $34,400 | $38,700 | $43,000 | $46,450 | $49,900 | $53,350 | $56,800 |
| 80% AMI Income Limits Renters earning up to 80% of the Canadian County AMI may qualify for rental assistance programs that target Low Income households. |
$48,200 | $55,050 | $61,950 | $68,800 | $74,350 | $79,850 | $85,350 | $90,850 |
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