Affordable Housing In Lake County
Ohio

19 Low Income Apartment Communities In Lake County

Seneca Grove

707 Argonne Dr
Painesville, OH
Income Based
2-3 BR
Subsidized

Andrews Place

7766 Salida Rd
Mentor on the Lake, OH
$800-894
1-2 BR
Subsidized

Abbott's Manor

34251 Ridge Road
Willoughby, OH
$981-1,064
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Mil Lake

5714 Andrews Rd
Mentor on the Lake, OH
Accessible
Disabled Supportive Housing
Subsidized

Breckenridge Village

36855 Ridge Rd
Willoughby, OH
62+
Accessible
Elderly Supportive Housing
Subsidized

Mcnaughton Apartments Aka Extended Housing

608 Liberty St
Painesville, OH
62+
Accessible
Elderly Supportive Housing
Subsidized

Mary Rose Estates Apartments

Maple Grove And Private Dr
Willoughby Hills, OH
62+
Accessible
Elderly Supportive Housing
Subsidized

Andrews Place Apartments

7766 Salida Rd
Mentor on the Lake, OH
Subsidized

Hilltop

9113 Chillicorthe Road
Kirtland, OH
Market Rate

Oak Hill Village Apartments

38380 Oak Hill Ln
Willoughby, OH
HCV Welcome

Housing Authorities that serve Lake County

Housing Authority Programs
Lake Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Lake County, Ohio

According to federal housing data and AffordableHousingOnline.com research, there are 19 low income housing apartment communities offering 1,551 affordable apartments for rent in Lake County, Ohio. Lake County features 800 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 675 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Lake County.

Lake County, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 19
Total Low Income Apartments 1,551
Total Housing Units with Rental Assistance 800
Percentage of Housing Units Occupied By Renters 26.06%
Average Renter Household Size 2.14
Average Household Size 2.39
Median Household Income $58,029 ±$1,380
Median Rent $814 ±$15
Percentage Of Renters Overburdened 44.34% ± 2.82pp
Total Population 229,437

Population and Household Demographics

Lake County is a County in Ohio with a population of 229,437. There are 94,815 households in the county with an average household size of 2.39 persons. 26.06% of households in Lake County are renters.

Income and Rent Overburden in Lake County

The median gross income for households in Lake County is $58,029 a year, or $4,836 a month. The median rent for the county is $814 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lake County, a household making less than $2,713 a month would be considered overburdened when renting an apartment at or above the median rent. 44.34% of households who rent are overburdened in Lake County.1

Area Median Income In Lake County

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.

In Lake County, HUD calculates the Area Median Income for a family of four as $73,700

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 Lake County

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 Lake County HUD Rental Assistance in Lake County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,500 $17,700 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,800 $29,500 $33,200 $36,850 $39,800 $42,750 $45,700 $48,650
80% of Median $41,300 $47,200 $53,100 $58,950 $63,700 $68,400 $73,100 $77,850
Low Income Housing Tax Credits in Lake County

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

From 1989 to 2002, 6 low income apartment communities containing 865 rental apartments have been constructed and made affordable to low income persons in Lake County 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 Lake County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,800 $29,500 $33,200 $36,850 $39,800 $42,750 $45,700 $48,650
60% of Median $30,960 $35,400 $39,840 $44,220 $47,760 $51,300 $54,840 $58,380

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 Lake County is $39,840 a year, or $3,320 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,320 by 30% to get a maximum rent of $996 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% $645 $691 $830 $958 $1,069 $1,179
60% $774 $830 $996 $1,150 $1,283 $1,415
Fair Market Rents in Lake County

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
$585 $691 $849 $1,119 $1,174

Cities In Lake County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Painesville 9 The HUD funded Public Housing Agency that serves Painesville is the Lake Metropolitan Housing Authority.
Madison 1 The HUD funded Public Housing Agency that serves Madison is the Lake Metropolitan Housing Authority.
Willoughby 3 The HUD funded Public Housing Agency that serves Willoughby is the Lake Metropolitan Housing Authority.
Willoughby Hills 1 The HUD funded Public Housing Agency that serves Willoughby Hills is the Lake Metropolitan Housing Authority.
Mentor 1 The HUD funded Public Housing Agency that serves Mentor is the Lake Metropolitan Housing Authority.
Wickliffe 0 The HUD funded Public Housing Agency that serves Wickliffe is the Lake Metropolitan Housing Authority.
Eastlake 0 The HUD funded Public Housing Agency that serves Eastlake is the Lake Metropolitan Housing Authority.
Fairport Harbor 0 The HUD funded Public Housing Agency that serves Fairport Harbor is the Lake Metropolitan Housing Authority.
Grand River 0 The HUD funded Public Housing Agency that serves Grand River is the Lake Metropolitan Housing Authority.
Kirtland 1 The HUD funded Public Housing Agency that serves Kirtland is the Lake Metropolitan Housing Authority.
Kirtland Hills 0 The HUD funded Public Housing Agency that serves Kirtland Hills is the Lake Metropolitan Housing Authority.
Lakeline 0 The HUD funded Public Housing Agency that serves Lakeline is the Lake Metropolitan Housing Authority.
North Madison 0 The HUD funded Public Housing Agency that serves North Madison is the Lake Metropolitan Housing Authority.
Perry 0 The HUD funded Public Housing Agency that serves Perry is the Lake Metropolitan Housing Authority.
Timberlake 0 The HUD funded Public Housing Agency that serves Timberlake is the Lake Metropolitan Housing Authority.
Waite Hill 0 The HUD funded Public Housing Agency that serves Waite Hill is the Lake Metropolitan Housing Authority.
Willowick 0 The HUD funded Public Housing Agency that serves Willowick is the Lake Metropolitan Housing Authority.
Mentor on the Lake 3 The HUD funded Public Housing Agency that serves Mentor on the Lake is the Lake Metropolitan Housing Authority.
North Perry 0 The HUD funded Public Housing Agency that serves North Perry is the Lake Metropolitan Housing Authority.
Mentor-on-the-Lake 0 The HUD funded Public Housing Agency that serves Mentor-on-the-Lake is the Lake Metropolitan Housing Authority.