Affordable Housing In Park Layne
Clark County, Ohio

Guide To Affordable Housing in Park Layne, Ohio

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

Income Based Apartments in Park Layne, Ohio

Park Layne 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 Park Layne, Ohio

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

Housing Choice Vouchers in Park Layne, Ohio

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Park Layne, Ohio for a two-bedroom apartment is between $685 and $837.

2020 Park Layne, 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 $496 $590 $761 $962 $1,031
Payment Standard Range $446 to $546 $531 to $649 $685 to $837 $866 to $1,058 $928 to $1,134

Sourced from federal housing data and AffordableHousingOnline.com research.

Park Layne, 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 34.79%
Average Renter Household Size 3.30
Average Household Size 3.06
Median Household Income $45,086 ±$5,453
Median Rent $788 ±$100
Percentage Of Renters Overburdened 41.79% ± 15.35pp
Total Population 4,612

Population and Household Demographics

Park Layne is a City in Clark County, Ohio with a population of 4,612. There are 1,506 households in the city with an average household size of 3.06 persons. 34.79% of households in Park Layne are renters.

Income and Rent Overburden in Park Layne

The median gross income for households in Park Layne is $45,086 a year, or $3,757 a month. The median rent for the city is $788 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Park Layne, a household making less than $2,627 a month would be considered overburdened when renting an apartment at or above the median rent. 41.79% of households who rent are overburdened in Park Layne.1

Area Median Income In Park Layne

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 Park Layne, the AMI is calculated from all households within Clark County.

In Park Layne, HUD calculates the Area Median Income for a family of four as $62,200

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 Park Layne

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 Park Layne

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,750 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,200
50% of Median $22,900 $26,200 $29,450 $32,700 $35,350 $37,950 $40,550 $43,200
80% of Median $36,650 $41,850 $47,100 $52,300 $56,500 $60,700 $64,900 $69,050