Affordable Housing In Eaton
Preble County, Ohio

11 Low Income Apartment Communities In Eaton

Residences at Eagles Point

307 N Cherry St
Eaton, OH
$507-599
1-3 BR

Eaton Senior Villas

99 Hampshire Drive
Eaton, OH
$699-755
1.5 BR
55+

Towne Park Apartments

347 Eaton-Lewisburg Rd
Eaton, OH
$485-585
1-2 BR

Woodview Common Apartments

345 Eaton Lewisburg Rd
Eaton, OH
Subsidized

Village South

111 Village Dr S
Eaton, OH
Subsidized

Mapleview Apartments

301 Eaton Lewisburg Rd
Eaton, OH
Subsidized

Prebleway II

729 E High St
Eaton, OH
Accessible
Disabled Supportive Housing
Subsidized

Prebleway I

162 Eaton Lewisburg Rd
Eaton, OH
62+
Accessible
Elderly Supportive Housing
Subsidized

Eagles Nest

500 South St
Eaton, OH
HCV Welcome

Prestwick Square of Eaton

910 S Barron St
Eaton, OH
HCV Welcome

There are 11 low income housing apartment complexes which contain 324 affordable apartments for rent in Eaton. Many of these rental apartments are income based housing with 133 apartments that set rent based on your income. In Eaton, HUD housing programs support 67 rental assistance apartments through programs like Project-based Section 8. There are 107 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Eaton

Housing Authority Programs
Preble Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Eaton, Ohio

Eaton, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 324
Total Rent Assisted Apartments 133
Percentage of Housing Units Occupied By Renters 40.98%
Average Renter Household Size 2.38
Total Population 8,294
Housing Units 3,353
Average Household Size 2.38
Median Household Income $32,423 ±$3,728
Median Rent $634 ±$54
Percentage Of Renters Overburdened 52.26% ± 13.77pp

Population and Household Demographics

Eaton is a City in Preble County, Ohio with a population of 8,294. There are 3,353 households in the city with an average household size of 2.38 persons. 40.98% of households in Eaton are renters.

Income and Rent Overburden in Eaton

The median gross income for households in Eaton is $32,423 a year, or $2,702 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 Eaton, a household making less than $2,113 a month would be considered overburdened when renting an apartment at or above the median rent. 52.26% of households who rent are overburdened in Eaton.1

Area Median Income In Eaton

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 Eaton, the AMI is calculated from all households within Preble County.

In Eaton, HUD calculates the Area Median Income for a family of four as $64,100

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 Eaton

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 Eaton HUD Rental Assistance in Eaton

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,750 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,200
50% of Median $22,900 $26,200 $29,450 $32,700 $35,350 $37,950 $40,550 $43,200
80% of Median $36,650 $41,850 $47,100 $52,300 $56,500 $60,700 $64,900 $69,050
Low Income Housing Tax Credits in Eaton

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1993 to 2010, 3 low income apartment communities containing 107 rental apartments have been constructed and made affordable to low income persons in Eaton by the Low Income Housing Tax Credit Program.

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 Eaton

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,900 $26,200 $29,450 $32,700 $35,350 $37,950 $40,550 $43,200
60% of Median $27,480 $31,440 $35,340 $39,240 $42,420 $45,540 $48,660 $51,840

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 Eaton is $35,340 a year, or $2,945 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,945 by 30% to get a maximum rent of $884 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% $573 $614 $736 $851 $949 $1,047
60% $687 $737 $884 $1,021 $1,139 $1,256
Fair Market Rents in Eaton

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$464 $522 $691 $931 $934