How many renters live in Chauncey, Ohio?
The City of Chauncey has 874 people living in 381 households.
There are 371 renters living in 171 renter households in this City. Renters make up 42.45 percent of the population living in Chauncey.
What is the rental market like in Chauncey, Ohio?
There are an estimated 418 housing units in the Chauncey area. Of these, 177 units are rental homes, making up 42 percent of the housing market. For every renter household in Chauncey, Ohio, there are 1 rental units.
What is the vacancy rate for rentals in Chauncey?
The rental vacancy rate in Chauncey is 0 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 Chauncey for each bedroom size?
Occupied Rental Units by Size in Chauncey
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 6 | 11 | 76 | 74 | 4 |
Occupied Rental Units by Size in Chauncey
A large number of apartments in Chauncey 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 Chauncey are overburdened by housing costs?
Among renter households in this market, 37 percent have housing cost burden. Further, 25 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 Chauncey
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $804 to $1,491. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $804 |
| One BR | $809 |
| Two BR | $983 |
| Three BR | $1,189 |
| Four BR | $1,491 |
2024 Fair Market Rents in Chauncey, Ohio
How many units are rented at Fair Market Rent (FMR) in Chauncey?
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 | 6 | 100 percent |
| One BR | 0 | 100 percent |
| Two BR | 43 | 57 percent |
Rental Units Below FMR in Chauncey, Ohio
How many affordable rental units are in Chauncey?
There are a variety of federal affordable housing programs serving households in Chauncey, Ohio including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 32 |
| Public Housing | 4 |
| Section 8 Project-Based Rental Assistance | 1 |
Tracked Units by Federal Program in Chauncey, Ohio
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Chauncey, Ohio
Chauncey features 0 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 Chauncey, Ohio
There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chauncey.
Housing Choice Vouchers in Chauncey, Ohio
On average, Section 8 Housing Choice vouchers pay Chauncey landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Chauncey.
The maximum amount a voucher would pay on behalf of a low-income tenant in Chauncey, Ohio for a two-bedroom apartment is between $885 and $1,081.
Sourced from federal housing data and AffordableHousingOnline.com research.
