Affordable Housing In Parma
Cuyahoga County, Ohio

4 Low Income Apartment Communities In Parma

Pine Tree Vistas

6905 Ridge Road
Parma, Ohio

Shevchenko Manor

5620 W 24th St
Parma, Ohio
Subsidized
62+
Accessible
Elderly Supportive Housing

Mil West

6905 Ridge Rd
Parma, Ohio
Subsidized
62+
Accessible
Elderly Supportive Housing

Chevybrook Estates

5623 Chevrolet Blvd
Parma, Ohio
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Housing Authorities that serve Parma

Housing Authority Programs
Cuyahoga Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Emerald Development And Economic Network Mainstream Voucher; Shelter Plus Care
Parma Public Housing Agency Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Parma, Ohio

There are 4 low income housing apartment communities offering 163 affordable apartments for rent in Parma, Ohio.

Income Based Apartments in Parma, Ohio

Parma features 163 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 Parma, Ohio

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

Housing Choice Vouchers in Parma, Ohio

On average, Section 8 Housing Choice vouchers pay Parma landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Parma.

The maximum amount a voucher would pay on behalf of a low-income tenant in Parma, Ohio for a two-bedroom apartment is between $764 and $934.

2020 Parma, 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 $585 $691 $849 $1,119 $1,174
Payment Standard Range $527 to $644 $622 to $760 $764 to $934 $1,007 to $1,231 $1,057 to $1,291

Sourced from federal housing data and AffordableHousingOnline.com research.

Parma, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 163
Total Housing Units with Rental Assistance 163
Percentage of Housing Units Occupied By Renters 26.75%
Average Renter Household Size 2.21
Average Household Size 2.37
Median Household Income $50,440 ±$1,131
Median Rent $748 ±$18
Percentage Of Renters Overburdened 43.46% ± 3.61pp
Total Population 80,380

Population and Household Demographics

Parma is a City in Cuyahoga County, Ohio with a population of 80,380. There are 33,393 households in the city with an average household size of 2.37 persons. 26.75% of households in Parma are renters.

Income and Rent Overburden in Parma

The median gross income for households in Parma is $50,440 a year, or $4,203 a month. The median rent for the city is $748 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Parma, a household making less than $2,493 a month would be considered overburdened when renting an apartment at or above the median rent. 43.46% of households who rent are overburdened in Parma.1

Area Median Income In Parma

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 Parma, the AMI is calculated from all households within Cuyahoga County.

In Parma, HUD calculates the Area Median Income for a family of four as $73,700

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 Parma

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 Parma

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,500 $17,700 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,800 $29,500 $33,200 $36,850 $39,800 $42,750 $45,700 $48,650
80% of Median $41,300 $47,200 $53,100 $58,950 $63,700 $68,400 $73,100 $77,850