About This Property
Sterling Park offers 32 low-income units in Perkins, Oklahoma, serving families and disabled residents. The property includes four 1-bedroom, sixteen 2-bedroom, and twelve 3-bedroom apartments and has been in service since 2006. Financing through HOME funds and 9% LIHTC credits supports this non-profit owned community.
Property Details
Fair Market Rent - Payne 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 | $744 |
| 1 Bedroom | $803 |
| 2 Bedroom | $976 |
| 3 Bedroom | $1,375 |
| 4 Bedroom | $1,521 |
Income Limits - Payne County, OK
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,750
- Very Low (50%)
- $22,900
- Low (80%)
- $36,550
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,150
- Low (80%)
- $41,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,400
- Low (80%)
- $47,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,650
- Low (80%)
- $52,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $35,300
- Low (80%)
- $56,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,900
- Low (80%)
- $60,600
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $40,500
- Low (80%)
- $64,750
- Extremely Low (30%)
- $43,100
- Very Low (50%)
- $43,100
- Low (80%)
- $68,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,750 | $22,900 | $36,550 |
| 2 Persons | $17,420 | $26,150 | $41,800 |
| 3 Persons | $21,960 | $29,400 | $47,000 |
| 4 Persons | $26,500 | $32,650 | $52,200 |
| 5 Persons | $31,040 | $35,300 | $56,400 |
| 6 Persons | $35,580 | $37,900 | $60,600 |
| 7 Persons | $40,120 | $40,500 | $64,750 |
| 8 Persons | $43,100 | $43,100 | $68,950 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Perkins, OK?+
The Fair Market Rent (FMR) for Payne County, OK is: $744 (Studio), $803 (1BR), $976 (2BR), $1375 (3BR), $1521 (4BR). Actual rent at subsidized properties like Sterling Park is typically 30% of household income or less.
What size apartments are available at Sterling Park?+
Sterling Park offers the following unit types: 4 One-Bedroom, 16 Two-Bedroom, 12 Three-Bedroom units, for a total of 32 units.
Who is eligible to live at Sterling Park?+
Sterling Park primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Perkins, OK?+
Based on Fair Market Rent for Payne County, the estimated price range is: 1-bedroom: $803, 2-bedroom: $976, 3-bedroom: $1375. Actual rent at Sterling Park may be lower for income-eligible households.
Who manages Sterling Park?+
Sterling Park is managed by . You can reach them at .
How do I apply for housing at Sterling Park?+
Sterling Park is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
What are the income limits for affordable housing in Payne County, OK?+
For a 4-person household in Payne County, OK, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,650, Low Income (80% AMI): $52,200. These limits are set by HUD and updated annually.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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