How many renters live in Marysville, Ohio?
The City of Marysville has 25,806 people living in 9,395 households.
There are 5,444 renters living in 2,713 renter households in this City. Renters make up 21.1 percent of the population living in Marysville.
What is the rental market like in Marysville, Ohio?
There are an estimated 9,627 housing units in the Marysville area. Of these, 2,747 units are rental homes, making up 29 percent of the housing market. For every renter household in Marysville, Ohio, there are 1 rental units.
What is the vacancy rate for rentals in Marysville?
The rental vacancy rate in Marysville is 1 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Marysville for each bedroom size?
Occupied Rental Units by Size in Marysville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 104 | 443 | 1,390 | 684 | 68 |
Occupied Rental Units by Size in Marysville
A large number of apartments in Marysville have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Marysville are overburdened by housing costs?
Among renter households in this market, 34 percent have housing cost burden. Further, 14 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Marysville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $933 to $1,665. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $933 |
| One BR | $951 |
| Two BR | $1,250 |
| Three BR | $1,511 |
| Four BR | $1,665 |
2024 Fair Market Rents in Marysville, Ohio
How many units are rented at Fair Market Rent (FMR) in Marysville?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 73 | 70 percent |
| One BR | 214 | 48 percent |
| Two BR | 811 | 58 percent |
Rental Units Below FMR in Marysville, Ohio
How many affordable rental units are in Marysville?
There are a variety of federal affordable housing programs serving households in Marysville, Ohio including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 374 |
| Section 8 Project-Based Rental Assistance | 208 |
| Section 202 Supportive Housing for the Elderly | 48 |
| USDA Section 515 Rural Rental Housing | 48 |
Tracked Units by Federal Program in Marysville, Ohio
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Marysville, Ohio
Marysville features 238 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 Marysville, Ohio
There are 295 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marysville.
Housing Choice Vouchers in Marysville, Ohio
On average, Section 8 Housing Choice vouchers pay Marysville landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Marysville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Marysville, Ohio for a two-bedroom apartment is between $1,125 and $1,375.
Sourced from federal housing data and AffordableHousingOnline.com research.
