Affordable Housing In Chippewa Lake
Medina County, Ohio

Housing Authorities that serve Chippewa Lake

Housing Authority Programs
Medina Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Chippewa Lake, Ohio

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Chippewa Lake, Ohio. Chippewa Lake features 0 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Chippewa Lake.

Sourced from federal housing data and AffordableHousingOnline.com research.

Chippewa Lake, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 26.23%
Average Renter Household Size 2.70
Average Household Size 2.33
Median Household Income $51,354 ±$7,906
Median Rent $900 ±$80
Percentage Of Renters Overburdened 31.25% ± 15.2pp
Total Population 711

Population and Household Demographics

Chippewa Lake is a City in Medina County, Ohio with a population of 711. There are 305 households in the city with an average household size of 2.33 persons. 26.23% of households in Chippewa Lake are renters.

Income and Rent Overburden in Chippewa Lake

The median gross income for households in Chippewa Lake is $51,354 a year, or $4,280 a month. The median rent for the city is $900 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Chippewa Lake, a household making less than $3,000 a month would be considered overburdened when renting an apartment at or above the median rent. 31.25% of households who rent are overburdened in Chippewa Lake.1

Area Median Income In Chippewa Lake

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 Chippewa Lake, the AMI is calculated from all households within Medina County.

In Chippewa Lake, HUD calculates the Area Median Income for a family of four as $73,700

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 Chippewa Lake

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 Chippewa Lake HUD Rental Assistance in Chippewa Lake

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,500 $17,700 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,800 $29,500 $33,200 $36,850 $39,800 $42,750 $45,700 $48,650
80% of Median $41,300 $47,200 $53,100 $58,950 $63,700 $68,400 $73,100 $77,850
Fair Market Rents in Chippewa Lake

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$585 $691 $849 $1,119 $1,174