Affordable Housing In Pandora
Putnam County, Ohio

Housing Authorities that serve Pandora

Housing Authority Programs
Hancock Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency

Guide To Affordable Housing in Pandora, Ohio

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

Income Based Apartments in Pandora, Ohio

Pandora 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 Pandora, Ohio

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

Housing Choice Vouchers in Pandora, Ohio

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Pandora, Ohio for a two-bedroom apartment is between $626 and $766.

2020 Pandora, 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 $517 $586 $696 $885 $967
Payment Standard Range $465 to $569 $527 to $645 $626 to $766 $797 to $974 $870 to $1,064

Sourced from federal housing data and AffordableHousingOnline.com research.

Pandora, 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 26.87%
Average Renter Household Size 2.09
Average Household Size 2.33
Median Household Income $46,576 ±$6,970
Median Rent $706 ±$59
Percentage Of Renters Overburdened 51.88% ± 19.41pp
Total Population 1,202

Population and Household Demographics

Pandora is a City in Putnam County, Ohio with a population of 1,202. There are 495 households in the city with an average household size of 2.33 persons. 26.87% of households in Pandora are renters.

Income and Rent Overburden in Pandora

The median gross income for households in Pandora is $46,576 a year, or $3,881 a month. The median rent for the city is $706 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pandora, a household making less than $2,353 a month would be considered overburdened when renting an apartment at or above the median rent. 51.88% of households who rent are overburdened in Pandora.1

Area Median Income In Pandora

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 Pandora, the AMI is calculated from all households within Putnam County.

In Pandora, HUD calculates the Area Median Income for a family of four as $76,000

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 Pandora

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 Pandora HUD Rental Assistance in Pandora

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,000 $18,250 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,600 $30,400 $34,200 $38,000 $41,050 $44,100 $47,150 $50,200
80% of Median $42,600 $48,650 $54,750 $60,800 $65,700 $70,550 $75,400 $80,300