Low Income (LIHTC)

Milton Terrace

1201 N Fretz Ave, Edmond, OK, 73003

Information verified April 17, 2026·We re-check waiting list status daily

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About This Property

Milton Terrace comprises 112 units designated for low-income residents in Edmond, Oklahoma. The property has been in service since 1992 and is located in Oklahoma County. Interested parties may contact the property management office for additional information regarding availability and application procedures.

Property Details

Total Units

112

Fair Market Rent - Oklahoma County, OK

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

Bedrooms	FMR
Studio/Efficiency	$824
1 Bedroom	$884
2 Bedroom	$1,091
3 Bedroom	$1,454
4 Bedroom	$1,605

Income Limits - Oklahoma County, OK

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $15,400
Very Low (50%): $25,650
Low (80%): $41,000

2 Persons

Extremely Low (30%): $17,600
Very Low (50%): $29,300
Low (80%): $46,850

3 Persons

Extremely Low (30%): $21,960
Very Low (50%): $32,950
Low (80%): $52,700

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $36,600
Low (80%): $58,550

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $39,550
Low (80%): $63,250

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $42,500
Low (80%): $67,950

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $45,400
Low (80%): $72,650

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $48,350
Low (80%): $77,300

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$15,400	$25,650	$41,000
2 Persons	$17,600	$29,300	$46,850
3 Persons	$21,960	$32,950	$52,700
4 Persons	$26,500	$36,600	$58,550
5 Persons	$31,040	$39,550	$63,250
6 Persons	$35,580	$42,500	$67,950
7 Persons	$40,120	$45,400	$72,650
8 Persons	$44,660	$48,350	$77,300

Tax Credit Program Details

Year Placed in Service

1992

LIHTC Credit Type

Low-Income Units

112 / 112

Frequently Asked Questions

What is the average rent for affordable housing in Edmond, OK?+

The Fair Market Rent (FMR) for Oklahoma County, OK is: $824 (Studio), $884 (1BR), $1091 (2BR), $1454 (3BR), $1605 (4BR). Actual rent at subsidized properties like Milton Terrace is typically 30% of household income or less.

What are the income limits for affordable housing in Oklahoma County, OK?+

For a 4-person household in Oklahoma County, OK, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,600, Low Income (80% AMI): $58,550. These limits are set by HUD and updated annually.

How do I apply for housing at Milton Terrace?+

Milton Terrace is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.

Who manages Milton Terrace?+

Milton Terrace is managed by . You can reach them at . Visit their website for more information.

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