Affordable Housing In Columbus Grove
Putnam County, Ohio

1 Low Income Apartment Communities In Columbus Grove

Old Farm Village Apartments

631 W. Sycamore Street
Columbus Grove, OH
$451-677
1-3 BR
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Housing Authorities that serve Columbus Grove

Housing Authority Programs
Hancock Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV); Family Self-sufficiency

Guide To Affordable Housing in Columbus Grove, Ohio

There are 1 low income housing apartment communities offering 42 affordable apartments for rent in Columbus Grove, Ohio. Columbus Grove 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 Columbus Grove.

Sourced from federal housing data and AffordableHousingOnline.com research.

Columbus Grove, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 42
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 15.4%
Average Renter Household Size 2.00
Average Household Size 2.30
Median Household Income $46,354 ±$9,129
Median Rent $634 ±$191
Percentage Of Renters Overburdened 12.12% ± 13.63pp
Total Population 1,971

Population and Household Demographics

Columbus Grove is a City in Putnam County, Ohio with a population of 1,971. There are 857 households in the city with an average household size of 2.30 persons. 15.4% of households in Columbus Grove are renters.

Income and Rent Overburden in Columbus Grove

The median gross income for households in Columbus Grove is $46,354 a year, or $3,863 a month. The median rent for the city is $634 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Columbus Grove, a household making less than $2,113 a month would be considered overburdened when renting an apartment at or above the median rent. 12.12% of households who rent are overburdened in Columbus Grove.1

Area Median Income In Columbus Grove

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 Columbus Grove, the AMI is calculated from all households within Putnam County.

In Columbus Grove, HUD calculates the Area Median Income for a family of four as $76,000

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 Columbus Grove

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 Columbus Grove HUD Rental Assistance in Columbus Grove

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,000 $18,250 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,600 $30,400 $34,200 $38,000 $41,050 $44,100 $47,150 $50,200
80% of Median $42,600 $48,650 $54,750 $60,800 $65,700 $70,550 $75,400 $80,300

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Columbus Grove

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,600 $30,400 $34,200 $38,000 $41,050 $44,100 $47,150 $50,200
60% of Median $31,920 $36,480 $41,040 $45,600 $49,260 $52,920 $56,580 $60,240

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Columbus Grove is $41,040 a year, or $3,420 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,420 by 30% to get a maximum rent of $1,026 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $665 $713 $855 $988 $1,103 $1,217
60% $798 $855 $1,026 $1,186 $1,323 $1,460
Fair Market Rents in Columbus Grove

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
$517 $586 $696 $885 $967