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There are 202 low-income apartments in Pontotoc County that offer reduced rents to eligible households. Low-income rents in Pontotoc County, Oklahoma can range from $331 to $780 depending on the number of bedrooms.
Rental assistance programs support 541 low-income homes in Pontotoc County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $286 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Pontotoc 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) |
Pontotoc County, Oklahoma Affordable Housing Data
Income Based Apartments in Pontotoc County, Oklahoma
Pontotoc County features 541 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 Pontotoc County, Oklahoma
There are 202 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pontotoc County.
Housing Choice Vouchers in Pontotoc County, Oklahoma
On average, Section 8 Housing Choice vouchers pay Pontotoc County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Pontotoc County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Pontotoc County, Oklahoma for a two-bedroom apartment is between $859 and $1,049.
2024 Pontotoc 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 | |
|---|---|---|---|---|---|
| Pontotoc County, Oklahoma Fair Market Rent | $721 | $726 | $954 | $1,213 | $1,271 |
| Pontotoc County, Oklahoma Payment Standard Range | $649 to $793 | $653 to $799 | $859 to $1,049 | $1,092 to $1,334 | $1,144 to $1,398 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Pontotoc County, OK Affordable Housing Snapshot
| Total Affordable Apartment Properties | 32 |
|---|---|
| Total Low Income Apartments | 761 |
| Total Housing Units with Rental Assistance | 541 |
| Percentage of Housing Units Occupied By Renters | 35.89% |
| Average Renter Household Size | 2.31 |
| Average Household Size | 2.52 |
| Median Household Income | $43,261 ±$1,340 |
| Median Rent | $638 ±$15 |
| Percentage Of Renters Overburdened | 41.23% ± 3.31pp |
| Total Population | 38,055 |
Population and Household Demographics
Pontotoc County is a county in Oklahoma with a population of 38,055. There are 14,591 households in the county with an average household size of 2.52 persons. 35.89% of households in Pontotoc County are renters.
Income and Rent Overburden in Pontotoc County
The median gross income for households in Pontotoc County is $43,261 a year, or $3,605 a month. The median rent for the county is $638 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pontotoc County, a household making less than $2,127 a month would be considered overburdened when renting an apartment at or above the median rent. 41.23% of households who rent are overburdened in Pontotoc County.
Area Median Income In Pontotoc 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 Pontotoc County, HUD calculates the Area Median Income for a family of four as $78,300
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 Pontotoc 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 Pontotoc 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 Pontotoc County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$15,700 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $49,250 |
| 50% AMI Income Limits Renters earning up to 50% of the Pontotoc County AMI may qualify for rental assistance programs that target Very Low Income households. |
$26,150 | $29,850 | $33,600 | $37,300 | $40,300 | $43,300 | $46,300 | $49,250 |
| 80% AMI Income Limits Renters earning up to 80% of the Pontotoc County AMI may qualify for rental assistance programs that target Low Income households. |
$41,800 | $47,800 | $53,750 | $59,700 | $64,500 | $69,300 | $74,050 | $78,850 |
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