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Affordable Housing In Milford Center
Union County, Ohio

Guide To Affordable Housing in Milford Center, Ohio

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Milford Center, Ohio.

Income Based Apartments in Milford Center, Ohio

Milford Center 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 Milford Center, Ohio

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Milford Center.

Housing Choice Vouchers in Milford Center, Ohio

On average, Section 8 Housing Choice vouchers pay Milford Center landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Milford Center.

The maximum amount a voucher would pay on behalf of a low-income tenant in Milford Center, Ohio for a two-bedroom apartment is between $973 and $1,189.

2021 Milford Center, 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
Milford Center, Ohio Fair Market Rent $752 $820 $1,081 $1,345 $1,553
Milford Center, Ohio Payment Standard Range $677 to $827 $738 to $902 $973 to $1,189 $1,211 to $1,480 $1,398 to $1,708

Sourced from federal housing data and research.

Milford Center, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 27.86%
Average Renter Household Size 3.35
Average Household Size 2.93
Median Household Income $52,292 ±$12,518
Median Rent $867 ±$212
Percentage Of Renters Overburdened 38.46% ± 22.93pp
Total Population 821

Population and Household Demographics

Milford Center is a city in Union County, Ohio with a population of 821. There are 280 households in the city with an average household size of 2.93 persons. 27.86% of households in Milford Center are renters.

Income and Rent Overburden in Milford Center

The median gross income for households in Milford Center is $52,292 a year, or $4,358 a month. The median rent for the city is $867 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Milford Center, a household making less than $2,890 a month would be considered overburdened when renting an apartment at or above the median rent. 38.46% of households who rent are overburdened in Milford Center.

Area Median Income In Milford Center

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Milford Center, the AMI is calculated from all households within Union County.

In Milford Center, HUD calculates the Area Median Income for a family of four as $95,600

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 Milford Center

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 Milford Center

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Milford Center AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,800 $22,600 $25,450 $28,250 $30,680 $35,160 $39,640 $44,120
50% AMI Income Limits
Renters earning up to 50% of the Milford Center AMI may qualify for rental assistance programs that target Very Low Income households.
$32,950 $37,650 $42,350 $47,050 $50,850 $54,600 $58,350 $62,150
80% AMI Income Limits
Renters earning up to 80% of the Milford Center AMI may qualify for rental assistance programs that target Low Income households.
$52,700 $60,200 $67,750 $75,250 $81,300 $87,300 $93,350 $99,350