How many renters live in Grove City, Ohio?
The City of Grove City has people living in households.
There are renters living in renter households in this City. Renters make up 25.93 percent of the population living in Grove City.
What is the rental market like in Grove City, Ohio?
There are an estimated housing units in the Grove City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Grove City, Ohio, there are 1.11 rental units.
What is the vacancy rate for rentals in Grove City?
The rental vacancy rate in Grove City is 8 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 Grove City for each bedroom size?
Occupied Rental Units by Size in Grove City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 129 | 1,150 | 2,489 | 910 | 211 |
Occupied Rental Units by Size in Grove City
A large number of apartments in Grove City have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Grove City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $970 to $1,745. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $970 |
| One BR | $1,065 |
| Two BR | $1,302 |
| Three BR | $1,574 |
| Four BR | $1,745 |
2024 Fair Market Rents in Grove City, Ohio
How many units are rented at Fair Market Rent (FMR) in Grove City?
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 | 39 | 30 percent |
| One BR | 560 | 49 percent |
| Two BR | 1,445 | 58 percent |
Rental Units Below FMR in Grove City, Ohio
How many affordable rental units are in Grove City?
There are a variety of federal affordable housing programs serving households in Grove City, Ohio including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly |
Tracked Units by Federal Program in Grove City, Ohio
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Grove City, Ohio
Grove City features 174 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 Grove City, Ohio
There are 716 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grove City.
Housing Choice Vouchers in Grove City, Ohio
On average, Section 8 Housing Choice vouchers pay Grove City landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Grove City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Grove City, Ohio for a two-bedroom apartment is between $1,172 and $1,432.
Sourced from federal housing data and AffordableHousingOnline.com research.