Affordable Housing In Miami County
Ohio

21 Low Income Apartment Communities In Miami County

Staunton Commons II

500 Staunton Commons Dr
Troy, OH
Call For Rent
1 BR
62+
Subsidized

Union Terminal

118 S. Old Mill Rd
Union, OH
$390-579
1-2 BR

Carriage Trails Senior Villas

1000 Waterside Circle
Tipp City, OH
$654-797
2 BR
55+
HCV Welcome

Forest Park

1140 Sanlor Ave
West Milton, OH
Call For Rent
1-3 BR
Subsidized

Staunton Commons I

500 Staunton Commons Dr
Troy, OH
62+
Accessible
Subsidized

Terrace Ridge Apartments

1312 McKaig Ave
Troy, OH
Call For Rent
Studio-2 BR
HCV Welcome

Piqua Village

1345 Covington Ave
Piqua, OH
Call For Rent
1-4 BR
HCV Welcome
Subsidized

Buckeye Community Apartments

580 Staunton Commons Dr
Troy, OH

McKinley Apartments

240 S Main St
West Milton, OH
HCV Welcome

Garden Manor Apartments

505 Crescent Drive
Troy, OH
Subsidized

Housing Authorities that serve Miami County

Housing Authority Programs
Miami Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Miami County, Ohio

According to federal housing data and AffordableHousingOnline.com research, there are 21 low income housing apartment communities offering 1,273 affordable apartments for rent in Miami County, Ohio. Miami County features 621 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 652 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Miami County.

Miami County, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 21
Total Low Income Apartments 1,273
Total Housing Units with Rental Assistance 621
Percentage of Housing Units Occupied By Renters 29.73%
Average Renter Household Size 2.39
Average Household Size 2.49
Median Household Income $51,569 ±$1,257
Median Rent $730 ±$14
Percentage Of Renters Overburdened 40.27% ± 4.18pp
Total Population 103,517

Population and Household Demographics

Miami County is a County in Ohio with a population of 103,517. There are 41,135 households in the county with an average household size of 2.49 persons. 29.73% of households in Miami County are renters.

Income and Rent Overburden in Miami County

The median gross income for households in Miami County is $51,569 a year, or $4,297 a month. The median rent for the county is $730 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Miami County, a household making less than $2,433 a month would be considered overburdened when renting an apartment at or above the median rent. 40.27% of households who rent are overburdened in Miami County.1

Area Median Income In Miami 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 Miami County, HUD calculates the Area Median Income for a family of four as $70,600

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 Miami 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 Miami County HUD Rental Assistance in Miami County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,850 $17,000 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,750 $28,250 $31,800 $35,300 $38,150 $40,950 $43,800 $46,600
80% of Median $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Low Income Housing Tax Credits in Miami County

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

From 1988 to 2012, 14 low income apartment communities containing 912 rental apartments have been constructed and made affordable to low income persons in Miami 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 Miami County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,750 $28,250 $31,800 $35,300 $38,150 $40,950 $43,800 $46,600
60% of Median $29,700 $33,900 $38,160 $42,360 $45,780 $49,140 $52,560 $55,920

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 Miami County is $38,160 a year, or $3,180 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,180 by 30% to get a maximum rent of $954 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% $619 $663 $795 $918 $1,024 $1,130
60% $743 $795 $954 $1,102 $1,229 $1,356
Fair Market Rents in Miami 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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$523 $596 $777 $1,045 $1,143

Cities In Miami County

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

City Listings Served By
Troy 7 The HUD funded Public Housing Agency that serves Troy is the Miami Metropolitan Housing Authority.
Union City 0 The HUD funded Public Housing Agency that serves Union City is the Miami Metropolitan Housing Authority.
Union 2 The HUD funded Public Housing Agency that serves Union is the Miami Metropolitan Housing Authority.
Tipp City 3 The HUD funded Public Housing Agency that serves Tipp City is the Miami Metropolitan Housing Authority.
West Milton 3 The HUD funded Public Housing Agency that serves West Milton is the Miami Metropolitan Housing Authority.
Piqua 5 The HUD funded Public Housing Agency that serves Piqua is the Miami Metropolitan Housing Authority.
Covington 1 The HUD funded Public Housing Agency that serves Covington is the Miami Metropolitan Housing Authority.
Casstown 0
Fletcher 0
Ludlow Falls 0
Pleasant Hill 0
Potsdam 0
Laura 0