Low Income Apartments and Affordable Housing For Rent in Hopedale, OH

Discover affordable housing in Hopedale where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Gable Estates

301 Lahm Dr, Hopedale, Ohio 43976

calendar_today Opened: Oct 1
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hopedale, Ohio
$16.29/hour
$9.29 (+133%) more than Ohio minimum wage and $9.04 (+125%) more than the Federal minimum wage.
Learn More About Hopedale, Ohio Affordable Housing ↓

What HUD offices serve Hopedale, Ohio?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Hopedale, Ohio.

Go to the Ohio Public Housing and Low-Income Apartments Waiting Lists page for openings near Hopedale.

How many renters live in Hopedale, Ohio?

The City of Hopedale has 1,086 people living in 410 households.

There are 191 renters living in 85 renter households in this City. Renters make up 17.59 percent of the population living in Hopedale.

What is the rental market like in Hopedale, Ohio?

There are an estimated 469 housing units in the Hopedale area. Of these, 101 units are rental homes, making up 22 percent of the housing market. For every renter household in Hopedale, Ohio, there are 1 rental units.

What is the vacancy rate for rentals in Hopedale?

The rental vacancy rate in Hopedale is 16 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Hopedale for each bedroom size?

Occupied Rental Units by Size in Hopedale
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 10 23 49 3
Occupied Rental Units by Size in Hopedale

A large number of apartments in Hopedale 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 Hopedale are overburdened by housing costs?

Among renter households in this market, 45 percent have housing cost burden. Further, 19 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 Hopedale

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $639 to $1,145. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $639
One BR $655
Two BR $860
Three BR $1,141
Four BR $1,145
2024 Fair Market Rents in Hopedale, Ohio

How many units are rented at Fair Market Rent (FMR) in Hopedale?

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
One BR 9 90 percent
Two BR 12 52 percent
Rental Units Below FMR in Hopedale, Ohio

How many affordable rental units are in Hopedale?

There are a variety of federal affordable housing programs serving households in Hopedale, Ohio including the following:

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Hopedale, Ohio

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Hopedale, Ohio

Hopedale features 16 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 Hopedale, Ohio

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hopedale.

Housing Choice Vouchers in Hopedale, Ohio

On average, Section 8 Housing Choice vouchers pay Hopedale landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hopedale.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hopedale, Ohio for a two-bedroom apartment is between $774 and $946.

Sourced from federal housing data and AffordableHousingOnline.com research.