What HUD offices serve Madeira, 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.
Go to the Ohio Public Housing and Low-Income Apartments Waiting Lists page for openings near Madeira.
How many renters live in Madeira, Ohio?
The City of Madeira has 9,426 people living in 3,324 households.
There are 860 renters living in 367 renter households in this City. Renters make up 9.12 percent of the population living in Madeira.
What is the rental market like in Madeira, Ohio?
There are an estimated 3,574 housing units in the Madeira area. Of these, 473 units are rental homes, making up 13 percent of the housing market. For every renter household in Madeira, Ohio, there are 1 rental units.
What is the vacancy rate for rentals in Madeira?
The rental vacancy rate in Madeira is 15 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 Madeira for each bedroom size?
Occupied Rental Units by Size in Madeira
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 92 | 65 | 123 | 87 |
Occupied Rental Units by Size in Madeira
A large number of apartments in Madeira 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 Madeira are overburdened by housing costs?
Among renter households in this market, 20 percent have housing cost burden. Further, 7 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 Madeira
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $810 to $1,766. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $810 |
| One BR | $919 |
| Two BR | $1,195 |
| Three BR | $1,588 |
| Four BR | $1,766 |
2024 Fair Market Rents in Madeira, Ohio
How many units are rented at Fair Market Rent (FMR) in Madeira?
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 |
| One BR | 63 | 68 percent |
| Two BR | 36 | 55 percent |
Rental Units Below FMR in Madeira, Ohio
How many affordable rental units are in Madeira?
There are a variety of federal affordable housing programs serving households in Madeira, Ohio including the following:
| Federal Program | Unit Count |
| Public Housing | 9 |
| Section 8 Project-Based Rental Assistance | 1 |
| Section 202 Supportive Housing for the Elderly | 1 |
Tracked Units by Federal Program in Madeira, Ohio
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Madeira, Ohio
Madeira features 30 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 Madeira, Ohio
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Madeira.
Housing Choice Vouchers in Madeira, Ohio
On average, Section 8 Housing Choice vouchers pay Madeira landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Madeira.
The maximum amount a voucher would pay on behalf of a low-income tenant in Madeira, Ohio for a two-bedroom apartment is between $1,076 and $1,315.
Sourced from federal housing data and AffordableHousingOnline.com research.
