How many renters live in Baltic, Ohio?
The City of Baltic has 896 people living in 255 households.
There are 216 renters living in 72 renter households in this City. Renters make up 24.11 percent of the population living in Baltic.
What is the rental market like in Baltic, Ohio?
There are an estimated 274 housing units in the Baltic area. Of these, 78 units are rental homes, making up 28 percent of the housing market. For every renter household in Baltic, Ohio, there are 1 rental units.
What is the vacancy rate for rentals in Baltic?
The rental vacancy rate in Baltic is 8 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 Baltic for each bedroom size?
Occupied Rental Units by Size in Baltic
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 5 | 19 | 30 | 15 |
Occupied Rental Units by Size in Baltic
A large number of apartments in Baltic 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 Baltic are overburdened by housing costs?
Among renter households in this market, 14 percent have housing cost burden. Further, 8 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 Baltic
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $639 to $1,379. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $639 |
| One BR | $707 |
| Two BR | $860 |
| Three BR | $1,206 |
| Four BR | $1,379 |
2024 Fair Market Rents in Baltic, Ohio
How many units are rented at Fair Market Rent (FMR) in Baltic?
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 | 4 | 80 percent |
| Two BR | 15 | 79 percent |
Rental Units Below FMR in Baltic, Ohio
How many affordable rental units are in Baltic?
There are a variety of federal affordable housing programs serving households in Baltic, Ohio including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 40 |
| USDA Section 515 Rural Rental Housing | 40 |
Tracked Units by Federal Program in Baltic, Ohio
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Baltic, Ohio
Baltic features 40 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 Baltic, Ohio
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Baltic.
Housing Choice Vouchers in Baltic, Ohio
On average, Section 8 Housing Choice vouchers pay Baltic landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Baltic.
The maximum amount a voucher would pay on behalf of a low-income tenant in Baltic, Ohio for a two-bedroom apartment is between $819 and $1,001.
Sourced from federal housing data and AffordableHousingOnline.com research.
