What HUD offices serve Mineral Ridge, 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 Mineral Ridge.
How many renters live in Mineral Ridge, Ohio?
The City of Mineral Ridge has 3,955 people living in 1,782 households.
There are 633 renters living in 380 renter households in this City. Renters make up 16.01 percent of the population living in Mineral Ridge.
What is the rental market like in Mineral Ridge, Ohio?
There are an estimated 1,906 housing units in the Mineral Ridge area. Of these, 433 units are rental homes, making up 23 percent of the housing market. For every renter household in Mineral Ridge, Ohio, there are 1 rental units.
What is the vacancy rate for rentals in Mineral Ridge?
The rental vacancy rate in Mineral Ridge is 12 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 Mineral Ridge for each bedroom size?
Occupied Rental Units by Size in Mineral Ridge
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 38 | 106 | 158 | 50 | 28 |
Occupied Rental Units by Size in Mineral Ridge
A large number of apartments in Mineral Ridge 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 Mineral Ridge are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 12 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 Mineral Ridge
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $633 to $1,198. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $633 |
| One BR | $683 |
| Two BR | $860 |
| Three BR | $1,133 |
| Four BR | $1,198 |
2024 Fair Market Rents in Mineral Ridge, Ohio
How many units are rented at Fair Market Rent (FMR) in Mineral Ridge?
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 |
| Studio | 20 | 53 percent |
| One BR | 100 | 94 percent |
| Two BR | 126 | 80 percent |
Rental Units Below FMR in Mineral Ridge, Ohio
How many affordable rental units are in Mineral Ridge?
There are a variety of federal affordable housing programs serving households in Mineral Ridge, Ohio including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 50 |
Tracked Units by Federal Program in Mineral Ridge, Ohio
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Mineral Ridge, Ohio
Mineral Ridge features 50 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 Mineral Ridge, Ohio
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mineral Ridge.
Housing Choice Vouchers in Mineral Ridge, Ohio
On average, Section 8 Housing Choice vouchers pay Mineral Ridge landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Mineral Ridge.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mineral Ridge, Ohio for a two-bedroom apartment is between $774 and $946.
Sourced from federal housing data and AffordableHousingOnline.com research.
