Affordable Housing In Cuyahoga Falls
18 Low Income Apartment Communities In Cuyahoga Falls
Housing Authorities that serve Cuyahoga Falls
|Akron Metropolitan Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Cuyahoga Falls, Ohio
There are 18 low income housing apartment communities offering 1,164 affordable apartments for rent in Cuyahoga Falls, Ohio.
Income Based Apartments in Cuyahoga Falls, Ohio
Cuyahoga Falls features 974 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 Cuyahoga Falls, Ohio
There are 190 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cuyahoga Falls.
Housing Choice Vouchers in Cuyahoga Falls, Ohio
On average, Section 8 Housing Choice vouchers pay Cuyahoga Falls landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Cuyahoga Falls.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cuyahoga Falls, Ohio for a two-bedroom apartment is between $762 and $932.
2020 Cuyahoga Falls, Ohio 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||$557||$659||$847||$1,065||$1,147|
|Payment Standard Range||$501 to $613||$593 to $725||$762 to $932||$959 to $1,172||$1,032 to $1,262|
Sourced from federal housing data and AffordableHousingOnline.com research.
Cuyahoga Falls, OH Affordable Housing Snapshot
|Total Affordable Apartment Properties||18|
|Total Low Income Apartments||1,164|
|Total Housing Units with Rental Assistance||974|
|Percentage of Housing Units Occupied By Renters||38.96%|
|Average Renter Household Size||2.06|
|Average Household Size||2.25|
|Median Household Income||$50,832 ±$1,858|
|Median Rent||$777 ±$30|
|Percentage Of Renters Overburdened||39.14% ± 4.08pp|
Population and Household Demographics
Cuyahoga Falls is a city in Summit County, Ohio with a population of 49,287. There are 21,654 households in the city with an average household size of 2.25 persons. 38.96% of households in Cuyahoga Falls are renters.
Income and Rent Overburden in Cuyahoga Falls
The median gross income for households in Cuyahoga Falls is $50,832 a year, or $4,236 a month. The median rent for the city is $777 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cuyahoga Falls, a household making less than $2,590 a month would be considered overburdened when renting an apartment at or above the median rent. 39.14% of households who rent are overburdened in Cuyahoga Falls.
Area Median Income In Cuyahoga Falls
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 Cuyahoga Falls, the AMI is calculated from all households within Summit County.
In Cuyahoga Falls, HUD calculates the Area Median Income for a family of four as $76,300
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 Cuyahoga Falls
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 Cuyahoga Falls
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$16,050||$18,350||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$26,750||$30,550||$34,350||$38,150||$41,250||$44,300||$47,350||$50,400|
|80% of Median||$42,750||$48,850||$54,950||$61,050||$65,950||$70,850||$75,750||$80,600|