Affordable Housing In Lakemore
Summit County, Ohio

Affordable Housing programs support 0 income based apartments in Lakemore where households pay rent based on how much they earn.

There are 0 affordable apartments in Lakemore that offer reduced rents to low-income households.

Waiting Lists in Lakemore, Ohio

There is one Section 8 Housing Choice Voucher waiting list open in Lakemore.

  • is currently open for new Section 8 applications.

Go to the Ohio Section 8 Waiting Lists page for more openings near Lakemore.

Affordable Housing Near Lakemore

View affordable apartments and waiting lists in cities near Lakemore

City Apartments
Affordable Housing In Akron, OH Affordable Housing programs support 103 apartment communities in Akron.
Affordable Housing In Barberton, OH Affordable Housing programs support 14 apartment communities in Barberton.
Affordable Housing In Cuyahoga Falls, OH Affordable Housing programs support 18 apartment communities in Cuyahoga Falls.
Affordable Housing In Stow, OH Affordable Housing programs support 5 apartment communities in Stow.
Affordable Housing In Twinsburg, OH Affordable Housing programs support 2 apartment communities in Twinsburg.

Public Housing Agencies Serving Lakemore, Ohio

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Akron Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Ohio Public Housing and Low-Income Apartments Waiting Lists page for openings near Lakemore.

Lakemore, Ohio Affordable Housing Data

Income Based Apartments in Lakemore, Ohio

Lakemore features 0 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 Lakemore, Ohio

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lakemore.

Housing Choice Vouchers in Lakemore, Ohio

On average, Section 8 Housing Choice vouchers pay Lakemore landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lakemore.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lakemore, Ohio for a two-bedroom apartment is between $924 and $1,130.

2023 Lakemore, 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
Lakemore, Ohio Fair Market Rent $712 $809 $1,027 $1,297 $1,380
Lakemore, Ohio Payment Standard Range $641 to $783 $728 to $890 $924 to $1,130 $1,167 to $1,427 $1,242 to $1,518

Sourced from federal housing data and AffordableHousingOnline.com research.

Lakemore, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 20.62%
Average Renter Household Size 2.39
Average Household Size 2.49
Median Household Income $43,827 ±$9,575
Median Rent $810 ±$149
Percentage Of Renters Overburdened 78.17% ± 24.65pp
Total Population 3,051

Population and Household Demographics

Lakemore is a city in Summit County, Ohio with a population of 3,051. There are 1,222 households in the city with an average household size of 2.49 persons. 20.62% of households in Lakemore are renters.

Income and Rent Overburden in Lakemore

The median gross income for households in Lakemore is $43,827 a year, or $3,652 a month. The median rent for the city is $810 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lakemore, a household making less than $2,700 a month would be considered overburdened when renting an apartment at or above the median rent. 78.17% of households who rent are overburdened in Lakemore.

Area Median Income In Lakemore

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 Lakemore, the AMI is calculated from all households within Summit County.

In Lakemore, HUD calculates the Area Median Income for a family of four as $82,000

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 Lakemore

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 Lakemore

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Lakemore AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,250 $19,700 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Lakemore AMI may qualify for rental assistance programs that target Very Low Income households.
$28,700 $32,800 $36,900 $41,000 $44,300 $47,600 $50,850 $54,150
80% AMI Income Limits
Renters earning up to 80% of the Lakemore AMI may qualify for rental assistance programs that target Low Income households.
$45,950 $52,500 $59,050 $65,600 $70,850 $76,100 $81,350 $86,600