How many renters live in Conneaut, Ohio?
The City of Conneaut has 12,372 people living in 4,686 households.
There are 2,963 renters living in 1,307 renter households in this City. Renters make up 23.95 percent of the population living in Conneaut.
What is the rental market like in Conneaut, Ohio?
There are an estimated 5,574 housing units in the Conneaut area. Of these, 1,409 units are rental homes, making up 25 percent of the housing market. For every renter household in Conneaut, Ohio, there are 1 rental units.
What is the vacancy rate for rentals in Conneaut?
The rental vacancy rate in Conneaut is 7 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 Conneaut for each bedroom size?
Occupied Rental Units by Size in Conneaut
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 88 | 170 | 562 | 403 | 84 |
Occupied Rental Units by Size in Conneaut
A large number of apartments in Conneaut 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 Conneaut are overburdened by housing costs?
Among renter households in this market, 60 percent have housing cost burden. Further, 25 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 Conneaut
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $583 to $1,212. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $583 |
| One BR | $692 |
| Two BR | $860 |
| Three BR | $1,085 |
| Four BR | $1,212 |
2024 Fair Market Rents in Conneaut, Ohio
How many units are rented at Fair Market Rent (FMR) in Conneaut?
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 |
| Studio | 35 | 40 percent |
| One BR | 122 | 72 percent |
| Two BR | 382 | 68 percent |
Rental Units Below FMR in Conneaut, Ohio
How many affordable rental units are in Conneaut?
There are a variety of federal affordable housing programs serving households in Conneaut, Ohio including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 160 |
| Public Housing | 36 |
| Section 8 Project-Based Rental Assistance | 170 |
| USDA Section 515 Rural Rental Housing | 40 |
Tracked Units by Federal Program in Conneaut, Ohio
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Conneaut, Ohio
Conneaut features 213 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 Conneaut, Ohio
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Conneaut.
Housing Choice Vouchers in Conneaut, Ohio
On average, Section 8 Housing Choice vouchers pay Conneaut landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Conneaut.
The maximum amount a voucher would pay on behalf of a low-income tenant in Conneaut, Ohio for a two-bedroom apartment is between $774 and $946.
Sourced from federal housing data and AffordableHousingOnline.com research.
