What HUD offices serve Martins Ferry, 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.
Go to the Ohio Public Housing and Low-Income Apartments Waiting Lists page for openings near Martins Ferry.
How many renters live in Martins Ferry, Ohio?
The City of Martins Ferry has 6,283 people living in 2,768 households.
There are 2,852 renters living in 1,280 renter households in this City. Renters make up 45.39 percent of the population living in Martins Ferry.
What is the rental market like in Martins Ferry, Ohio?
There are an estimated 3,423 housing units in the Martins Ferry area. Of these, 1,528 units are rental homes, making up 45 percent of the housing market. For every renter household in Martins Ferry, Ohio, there are 1 rental units.
What is the vacancy rate for rentals in Martins Ferry?
The rental vacancy rate in Martins Ferry is 15 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 Martins Ferry for each bedroom size?
Occupied Rental Units by Size in Martins Ferry
Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
---|---|---|---|---|
80 | 481 | 292 | 394 | 11 |
Occupied Rental Units by Size in Martins Ferry
A large number of apartments in Martins Ferry 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 Martins Ferry are overburdened by housing costs?
Among renter households in this market, 38 percent have housing cost burden. Further, 17 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 Martins Ferry
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $607 to $1,329. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size | 2024 Fair Market Rents |
Studio | $607 |
One BR | $714 |
Two BR | $895 |
Three BR | $1,163 |
Four BR | $1,329 |
2024 Fair Market Rents in Martins Ferry, Ohio
How many units are rented at Fair Market Rent (FMR) in Martins Ferry?
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 | 49 | 61 percent |
One BR | 268 | 56 percent |
Two BR | 198 | 68 percent |
Rental Units Below FMR in Martins Ferry, Ohio
How many affordable rental units are in Martins Ferry?
There are a variety of federal affordable housing programs serving households in Martins Ferry, Ohio including the following:
Federal Program | Unit Count |
Public Housing | 384 |
Section 8 Project-Based Rental Assistance | 79 |
Tracked Units by Federal Program in Martins Ferry, Ohio
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Martins Ferry, Ohio
Martins Ferry features 464 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 Martins Ferry, Ohio
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Martins Ferry.
Housing Choice Vouchers in Martins Ferry, Ohio
On average, Section 8 Housing Choice vouchers pay Martins Ferry landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Martins Ferry.
The maximum amount a voucher would pay on behalf of a low-income tenant in Martins Ferry, Ohio for a two-bedroom apartment is between $806 and $985.
Sourced from federal housing data and AffordableHousingOnline.com research.