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

Discover affordable housing in Sycamore 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.

Essex Place North

210 S Sycamore Ave, Sycamore, Ohio 44882

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Sycamore, 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 Sycamore, Ohio Affordable Housing ↓

What HUD offices serve Sycamore, 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), Family Self-Sufficiency programs for Sycamore, Ohio.

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

How many renters live in Sycamore, Ohio?

The City of Sycamore has 733 people living in 339 households.

There are 195 renters living in 94 renter households in this City. Renters make up 26.6 percent of the population living in Sycamore.

What is the rental market like in Sycamore, Ohio?

There are an estimated 394 housing units in the Sycamore area. Of these, 94 units are rental homes, making up 24 percent of the housing market. For every renter household in Sycamore, Ohio, there are 1 rental units.

What is the vacancy rate for rentals in Sycamore?

The rental vacancy rate in Sycamore 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 Sycamore for each bedroom size?

Occupied Rental Units by Size in Sycamore
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 7 34 41 10
Occupied Rental Units by Size in Sycamore

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

Among renter households in this market, 24 percent have housing cost burden. Further, 21 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 Sycamore

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $639 to $1,355. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $639
One BR $712
Two BR $860
Three BR $1,040
Four BR $1,355
2024 Fair Market Rents in Sycamore, Ohio

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

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 6 86 percent
Two BR 17 50 percent
Rental Units Below FMR in Sycamore, Ohio

How many affordable rental units are in Sycamore?

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

Federal Program Unit Count
Low Income Housing Tax Credit 10
Tracked Units by Federal Program in Sycamore, Ohio

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

Income Based Apartments in Sycamore, Ohio

Sycamore 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 Sycamore, Ohio

There are 10 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sycamore.

Housing Choice Vouchers in Sycamore, Ohio

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.