Affordable Housing In Mercer County
9 Low Income Apartment Communities In Mercer County
Housing Authorities that serve Mercer County
|Allen Metropolitan Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Mercer County, Ohio
There are 9 low income housing apartment communities offering 609 affordable apartments for rent in Mercer County, Ohio.
Income Based Apartments in Mercer County, Ohio
Mercer County features 435 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 Mercer County, Ohio
There are 174 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mercer County.
Housing Choice Vouchers in Mercer County, Ohio
On average, Section 8 Housing Choice vouchers pay Mercer County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Mercer County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mercer County, Ohio for a two-bedroom apartment is between $626 and $766.
2020 Mercer County, 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|
|Fair Market Rent||$525||$528||$696||$896||$944|
|Payment Standard Range||$473 to $578||$475 to $581||$626 to $766||$806 to $986||$850 to $1,038|
Sourced from federal housing data and AffordableHousingOnline.com research.
Mercer County, OH Affordable Housing Snapshot
|Total Affordable Apartment Properties||9|
|Total Low Income Apartments||609|
|Total Housing Units with Rental Assistance||435|
|Percentage of Housing Units Occupied By Renters||23.42%|
|Average Renter Household Size||2.19|
|Average Household Size||2.54|
|Median Household Income||$53,099 ±$2,186|
|Median Rent||$653 ±$25|
|Percentage Of Renters Overburdened||37.65% ± 5.12pp|
Population and Household Demographics
Mercer County is a county in Ohio with a population of 40,863. There are 15,919 households in the county with an average household size of 2.54 persons. 23.42% of households in Mercer County are renters.
Income and Rent Overburden in Mercer County
The median gross income for households in Mercer County is $53,099 a year, or $4,425 a month. The median rent for the county is $653 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mercer County, a household making less than $2,177 a month would be considered overburdened when renting an apartment at or above the median rent. 37.65% of households who rent are overburdened in Mercer County.
Area Median Income In Mercer 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 Mercer County, HUD calculates the Area Median Income for a family of four as $73,100
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 Mercer 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 HUD Rental Assistance in Mercer County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$15,400||$17,600||$21,330||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$25,600||$29,250||$32,900||$36,550||$39,500||$42,400||$45,350||$48,250|
|80% of Median||$40,950||$46,800||$52,650||$58,500||$63,200||$67,900||$72,550||$77,250|