How many renters live in Lakeside, Ohio?
The City of Lakeside has 588 people living in 314 households.
There are 59 renters living in 45 renter households in this City. Renters make up 10.03 percent of the population living in Lakeside.
What is the rental market like in Lakeside, Ohio?
There are an estimated 1,409 housing units in the Lakeside area. Of these, 117 units are rental homes, making up 8 percent of the housing market. For every renter household in Lakeside, Ohio, there are 3 rental units.
What is the vacancy rate for rentals in Lakeside?
The rental vacancy rate in Lakeside is 32 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 Lakeside for each bedroom size?
Occupied Rental Units by Size in Lakeside
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 20 | 9 | 9 | 7 | 0 |
Occupied Rental Units by Size in Lakeside
A large number of apartments in Lakeside have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Lakeside are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 44 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Lakeside
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $641 to $1,308. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $641 |
| One BR | $719 |
| Two BR | $945 |
| Three BR | $1,143 |
| Four BR | $1,308 |
2024 Fair Market Rents in Lakeside, Ohio
How many units are rented at Fair Market Rent (FMR) in Lakeside?
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 | 11 | 55 percent |
| One BR | 8 | 89 percent |
| Two BR | 0 | 100 percent |
Rental Units Below FMR in Lakeside, Ohio
How many affordable rental units are in Lakeside?
Income Based Apartments in Lakeside, Ohio
Lakeside 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 Lakeside, Ohio
There are 142 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lakeside.
Housing Choice Vouchers in Lakeside, Ohio
On average, Section 8 Housing Choice vouchers pay Lakeside landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lakeside.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lakeside, Ohio for a two-bedroom apartment is between $851 and $1,040.
Sourced from federal housing data and AffordableHousingOnline.com research.
