How many renters live in Lore City, Ohio?
The City of Lore City has people living in households.
There are renters living in renter households in this City. Renters make up 47.31 percent of the population living in Lore City.
What is the rental market like in Lore City, Ohio?
There are an estimated housing units in the Lore City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lore City, Ohio, there are 1.23 rental units.
What is the vacancy rate for rentals in Lore City?
The rental vacancy rate in Lore City is 19 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 Lore City for each bedroom size?
Occupied Rental Units by Size in Lore City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 24 | 31 | 2 |
Occupied Rental Units by Size in Lore City
A large number of apartments in Lore 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 Lore City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $639 to $1,315. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $639 |
| One BR | $655 |
| Two BR | $860 |
| Three BR | $1,090 |
| Four BR | $1,315 |
2024 Fair Market Rents in Lore City, Ohio
How many units are rented at Fair Market Rent (FMR) in Lore 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 |
| Two BR | 10 | 42 percent |
Rental Units Below FMR in Lore City, Ohio
How many affordable rental units are in Lore City?
Income Based Apartments in Lore City, Ohio
Lore City 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 Lore City, Ohio
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lore City.
Housing Choice Vouchers in Lore City, Ohio
On average, Section 8 Housing Choice vouchers pay Lore City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lore City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lore City, Ohio for a two-bedroom apartment is between $774 and $946.
Sourced from federal housing data and AffordableHousingOnline.com research.