How many renters live in Oak Harbor, Ohio?
The City of Oak Harbor has 2,521 people living in 1,239 households.
There are 688 renters living in 411 renter households in this City. Renters make up 27.29 percent of the population living in Oak Harbor.
What is the rental market like in Oak Harbor, Ohio?
There are an estimated 1,258 housing units in the Oak Harbor area. Of these, 411 units are rental homes, making up 33 percent of the housing market. For every renter household in Oak Harbor, Ohio, there are 1 rental units.
What is the vacancy rate for rentals in Oak Harbor?
The rental vacancy rate in Oak Harbor 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 Oak Harbor for each bedroom size?
Occupied Rental Units by Size in Oak Harbor
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 10 | 88 | 182 | 107 | 24 |
Occupied Rental Units by Size in Oak Harbor
A large number of apartments in Oak Harbor 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 Oak Harbor are overburdened by housing costs?
Among renter households in this market, 60 percent have housing cost burden. Further, 9 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 Oak Harbor
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $641 to $1,308. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $641 |
| One BR | $719 |
| Two BR | $945 |
| Three BR | $1,143 |
| Four BR | $1,308 |
2024 Fair Market Rents in Oak Harbor, Ohio
How many units are rented at Fair Market Rent (FMR) in Oak Harbor?
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 | 10 | 100 percent |
| One BR | 84 | 95 percent |
| Two BR | 131 | 72 percent |
Rental Units Below FMR in Oak Harbor, Ohio
How many affordable rental units are in Oak Harbor?
There are a variety of federal affordable housing programs serving households in Oak Harbor, Ohio including the following:
| Federal Program | Unit Count |
| Section 202 Supportive Housing for the Elderly | 38 |
| USDA Section 515 Rural Rental Housing | 24 |
Tracked Units by Federal Program in Oak Harbor, Ohio
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Oak Harbor, Ohio
Oak Harbor features 74 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 Oak Harbor, Ohio
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oak Harbor.
Housing Choice Vouchers in Oak Harbor, Ohio
On average, Section 8 Housing Choice vouchers pay Oak Harbor landlords $400 per month towards rent. The average voucher holder contributes $400 towards rent in Oak Harbor.
The maximum amount a voucher would pay on behalf of a low-income tenant in Oak Harbor, Ohio for a two-bedroom apartment is between $851 and $1,040.
Sourced from federal housing data and AffordableHousingOnline.com research.
