Low Income Apartments and Affordable Housing For Rent in Powhatan Point, OH

Discover affordable housing in Powhatan Point where there are 3+ 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.

Woda Apartments

109 Christine Dr, Powhatan Point, Ohio 43942

Capeview Apartments

247 Belt St, Powhatan Point, Ohio 43942

Parkview Villa

151 Allen Ave, Powhatan Point, Ohio 43942

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Powhatan Point, Ohio
$16.95/hour
$9.95 (+142%) more than Ohio minimum wage and $9.70 (+134%) more than the Federal minimum wage.
Learn More About Powhatan Point, Ohio Affordable Housing ↓

What HUD offices serve Powhatan Point, 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 Powhatan Point, Ohio.

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

How many renters live in Powhatan Point, Ohio?

The City of Powhatan Point has 1,493 people living in 659 households.

There are 447 renters living in 236 renter households in this City. Renters make up 29.94 percent of the population living in Powhatan Point.

What is the rental market like in Powhatan Point, Ohio?

There are an estimated 782 housing units in the Powhatan Point area. Of these, 247 units are rental homes, making up 32 percent of the housing market. For every renter household in Powhatan Point, Ohio, there are 1 rental units.

What is the vacancy rate for rentals in Powhatan Point?

The rental vacancy rate in Powhatan Point is 4 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 Powhatan Point for each bedroom size?

Occupied Rental Units by Size in Powhatan Point
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
5 33 132 53 13
Occupied Rental Units by Size in Powhatan Point

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

Among renter households in this market, 26 percent have housing cost burden. Further, 11 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 Powhatan Point

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 Powhatan Point, Ohio

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

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 5 100 percent
One BR 27 82 percent
Two BR 115 87 percent
Rental Units Below FMR in Powhatan Point, Ohio

How many affordable rental units are in Powhatan Point?

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

Federal Program Unit Count
Low Income Housing Tax Credit 84
USDA Section 515 Rural Rental Housing 84
Tracked Units by Federal Program in Powhatan Point, Ohio

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

Income Based Apartments in Powhatan Point, Ohio

Powhatan Point features 36 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 Powhatan Point, Ohio

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Powhatan Point.

Housing Choice Vouchers in Powhatan Point, Ohio

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Powhatan Point, Ohio for a two-bedroom apartment is between $806 and $985.

Sourced from federal housing data and AffordableHousingOnline.com research.