About This Property
Elm Terrace Apts comprises 87 units in Duncan, Oklahoma and has been in service since 1992. The property participates in the 9% Low-Income Housing Tax Credit program. Stephens County residents can inquire about availability and lease terms through the property management office.
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 Elm Terrace Apts is typically 30% of household income or less.
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 Elm Terrace Apts?+
Elm Terrace Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Elm Terrace Apts?+
Elm Terrace Apts 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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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