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Affordable Housing In Ovid
Clinton County, Michigan

3 Low Income Apartment Communities In Ovid

Knollview Apartments

514 W High St
Ovid, Michigan
Call For Rent
1-2 BR

Carriage Towne Place Apartments II

204 E Williams St
Ovid, Michigan

Mf - Dev 007r Carriage Town

218 E Williams St
Ovid, Michigan
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Housing Authorities that serve Ovid

Housing Authority Programs
Michigan State Housing Development Authority Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)
Housing Services Mid Michigan Section 8 Housing Choice Voucher (HCV); Mainstream Voucher

Guide To Affordable Housing in Ovid, Michigan

There are 3 low income housing apartment communities offering 52 affordable apartments for rent in Ovid, Michigan.

Income Based Apartments in Ovid, Michigan

Ovid 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 Ovid, Michigan

There are 52 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ovid.

Housing Choice Vouchers in Ovid, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Ovid, Michigan for a two-bedroom apartment is between $818 and $1,000.

2021 Ovid, Michigan Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $710 $740 $909 $1,171 $1,264
Payment Standard Range $639 to $781 $666 to $814 $818 to $1,000 $1,054 to $1,288 $1,138 to $1,390

Sourced from federal housing data and research.

Ovid, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 52
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 29.25%
Average Renter Household Size 2.82
Average Household Size 2.65
Median Household Income $43,384 ±$6,081
Median Rent $576 ±$83
Percentage Of Renters Overburdened 41.92% ± 11.83pp
Total Population 1,596

Population and Household Demographics

Ovid is a city in Clinton County, Michigan with a population of 1,596. There are 571 households in the city with an average household size of 2.65 persons. 29.25% of households in Ovid are renters.

Income and Rent Overburden in Ovid

The median gross income for households in Ovid is $43,384 a year, or $3,615 a month. The median rent for the city is $576 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ovid, a household making less than $1,920 a month would be considered overburdened when renting an apartment at or above the median rent. 41.92% of households who rent are overburdened in Ovid.

Area Median Income In Ovid

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Ovid, the AMI is calculated from all households within Clinton County.

In Ovid, HUD calculates the Area Median Income for a family of four as $80,700

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Ovid

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Ovid

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,850 $19,250 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $28,100 $32,100 $36,100 $40,100 $43,350 $46,550 $49,750 $52,950
80% of Median $44,950 $51,350 $57,750 $64,150 $69,300 $74,450 $79,550 $84,700