About This Property
Duncan Terrace offers 48 two-bedroom units in Duncan, Oklahoma, designed to serve elderly residents with low incomes. The property has been in service since 2019 and is managed to provide affordable housing options in Stephens County.
Property Details
Fair Market Rent - Stephens 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 | $734 |
| 1 Bedroom | $739 |
| 2 Bedroom | $891 |
| 3 Bedroom | $1,256 |
| 4 Bedroom | $1,437 |
Income Limits - Stephens County, OK
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,900
- Very Low (50%)
- $21,500
- Low (80%)
- $34,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,550
- Low (80%)
- $39,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,600
- Low (80%)
- $44,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,650
- Low (80%)
- $49,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,150
- Low (80%)
- $53,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $35,600
- Low (80%)
- $56,900
- Extremely Low (30%)
- $38,050
- Very Low (50%)
- $38,050
- Low (80%)
- $60,850
- Extremely Low (30%)
- $40,500
- Very Low (50%)
- $40,500
- Low (80%)
- $64,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,900 | $21,500 | $34,350 |
| 2 Persons | $17,420 | $24,550 | $39,250 |
| 3 Persons | $21,960 | $27,600 | $44,150 |
| 4 Persons | $26,500 | $30,650 | $49,050 |
| 5 Persons | $31,040 | $33,150 | $53,000 |
| 6 Persons | $35,580 | $35,600 | $56,900 |
| 7 Persons | $38,050 | $38,050 | $60,850 |
| 8 Persons | $40,500 | $40,500 | $64,750 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Duncan, OK?+
The Fair Market Rent (FMR) for Stephens County, OK is: $734 (Studio), $739 (1BR), $891 (2BR), $1256 (3BR), $1437 (4BR). Actual rent at subsidized properties like Duncan Terrace is typically 30% of household income or less.
What size apartments are available at Duncan Terrace?+
Duncan Terrace offers the following unit types: 48 Two-Bedroom units, for a total of 48 units.
How do I apply for housing at Duncan Terrace?+
Duncan Terrace 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.
Who is eligible to live at Duncan Terrace?+
Duncan Terrace primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Stephens County, OK?+
For a 4-person household in Stephens County, OK, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,650, Low Income (80% AMI): $49,050. These limits are set by HUD and updated annually.
Who manages Duncan Terrace?+
Duncan Terrace is managed by . You can reach them at .
What is the price range for apartments in Duncan, OK?+
Based on Fair Market Rent for Stephens County, the estimated price range is: 2-bedroom: $891. Actual rent at Duncan Terrace may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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