Affordable Housing In Madison County
Ohio

17 Low Income Apartment Communities In Madison County

Devonshire I & II

198 Elm St
London, OH
Call For Rent
1-2 BR
HCV Welcome
Subsidized

Bristol Square Apartments

111 Bristol Sq
West Jefferson, OH
Call For Rent
1 BR
62+
Accessible
Subsidized

Devonshire West

97 S Twin St
West Jefferson, OH
Call For Rent
1-2 BR
Subsidized

Madison Square

445 Fairfield Dr
Plain City, OH

London Apartments

1052M Sheffield Blvd
London, OH
Call For Rent
2-3 BR
HCV Welcome

Londonerry Apartments

269 Bowman Ct
London, OH
HCV Welcome

New Surrey Square III

291 Surrey Ln
London, OH
Subsidized

Devonshire West

89 N Twin St
West Jefferson, OH
HCV Welcome

Pleasant Valley Colony

390 Allgyer Dr
Plain City, OH
62+
Accessible
Elderly Supportive Housing
Subsidized

Meadowview Senior Housing Lp

338 W Main St
Mount Sterling, OH
62+
Accessible
Elderly Supportive Housing
Subsidized

There are 17 low income housing apartment complexes which contain 780 affordable apartments for rent in Madison County. Many of these rental apartments are income based housing with 487 apartments that set rent based on your income. In Madison County, HUD housing programs support 45 rental assistance apartments through programs like Project-based Section 8. There are 293 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Other Housing Authorities located in Madison County

Housing Authority Programs
London Metropolitan Housing Authority Public Housing

Guide To Affordable Housing in Madison County, Ohio

Madison County, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 780
Total Rent Assisted Apartments 487
Percentage of Housing Units Occupied By Renters 29.68%
Average Renter Household Size 2.43
Total Population 43,456
Housing Units 14,906
Average Household Size 2.57
Median Household Income $57,406 ±$2,610
Median Rent $734 ±$43
Percentage Of Renters Overburdened 31.89% ± 4.54pp

Population and Household Demographics

Madison County is a County in Ohio with a population of 43,456. There are 14,906 households in the county with an average household size of 2.57 persons. 29.68% of households in Madison County are renters.

Income and Rent Overburden in Madison County

The median gross income for households in Madison County is $57,406 a year, or $4,784 a month. The median rent for the county is $734 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Madison County, a household making less than $2,447 a month would be considered overburdened when renting an apartment at or above the median rent. 31.89% of households who rent are overburdened in Madison County.1

Area Median Income In Madison 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 Madison County, HUD calculates the Area Median Income for a family of four as $78,000

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 Madison 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 Madison County HUD Rental Assistance in Madison County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,400 $18,750 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $27,300 $31,200 $35,100 $39,000 $42,150 $45,250 $48,400 $51,500
80% of Median $43,700 $49,950 $56,200 $62,400 $67,400 $72,400 $77,400 $82,400
Low Income Housing Tax Credits in Madison County

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

From 1987 to 2007, 11 low income apartment communities containing 355 rental apartments have been constructed and made affordable to low income persons in Madison 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 Madison County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $27,300 $31,200 $35,100 $39,000 $42,150 $45,250 $48,400 $51,500
60% of Median $32,760 $37,440 $42,120 $46,800 $50,580 $54,300 $58,080 $61,800

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 Madison County is $42,120 a year, or $3,510 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,510 by 30% to get a maximum rent of $1,053 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% $683 $731 $878 $1,014 $1,131 $1,249
60% $819 $878 $1,053 $1,217 $1,358 $1,499
Fair Market Rents in Madison 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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$643 $761 $957 $1,225 $1,424

Cities In Madison County

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

City Listings Served By
London 8 The HUD funded Public Housing Agency that serves London is the London Metropolitan Housing Authority.
Plain City 4
West Jefferson 3
Choctaw Lake 0
Midway 0
Mount Sterling 2
Plumwood 0
South Solon 0
Lafayette 0