Affordable Housing In Pike County
Ohio

16 Low Income Apartment Communities In Pike County

Victoria Place Apartments

211 Saint Anthonys Ln
Waverly, OH
$626-698
1-2 BR
HCV Welcome

Fox Run Apartments

601 Beaver Creek Rd
Piketon, OH
$425-545
1-3 BR

Clough Commons Apartments

111 Schmitt Dr
Waverly, OH
$522-553
1-2 BR
55+
Subsidized

Sugar Tree Square

350 Thornton Dr
Piketon, OH
Income Based
1-3 BR
Subsidized

Shyville Senior Living Apartments

2710 Shyville Rd
Piketon, OH
55+
HCV Welcome

Pinehurst Apartments

246 Pinehurst Blvd
Waverly, OH
Subsidized

Friends of Good Sheperd Manor

325 E Main St
Piketon, OH
Accessible
Disabled Supportive Housing
Subsidized

Bristol Court Phase I, National Church Residence ,

600 E 5th St
Waverly, OH
Subsidized

Beverly Senior Apartments

401 Beverly Ave
Waverly, OH
HCV Welcome

Hillside Forest

148 Wikle Dr
Waverly, OH
HCV Welcome

Housing Authorities that serve Pike County

Housing Authority Programs
Pike Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Pike County, Ohio

There are 16 low income housing apartment communities offering 761 affordable apartments for rent in Pike County, Ohio. Pike County features 457 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 304 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Pike County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Pike County, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 16
Total Low Income Apartments 761
Total Housing Units with Rental Assistance 457
Percentage of Housing Units Occupied By Renters 31.78%
Average Renter Household Size 2.30
Average Household Size 2.55
Median Household Income $40,283 ±$3,651
Median Rent $665 ±$32
Percentage Of Renters Overburdened 48.75% ± 5.83pp
Total Population 28,396

Population and Household Demographics

Pike County is a County in Ohio with a population of 28,396. There are 10,940 households in the county with an average household size of 2.55 persons. 31.78% of households in Pike County are renters.

Income and Rent Overburden in Pike County

The median gross income for households in Pike County is $40,283 a year, or $3,357 a month. The median rent for the county is $665 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pike County, a household making less than $2,217 a month would be considered overburdened when renting an apartment at or above the median rent. 48.75% of households who rent are overburdened in Pike County.1

Area Median Income In Pike County

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.

In Pike County, HUD calculates the Area Median Income for a family of four as $52,400

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 Pike County

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 Pike County HUD Rental Assistance in Pike County

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
Low Income Housing Tax Credits in Pike County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1989 to 2007, 10 low income apartment communities containing 400 rental apartments have been constructed and made affordable to low income persons in Pike County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Pike County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,900 $26,200 $29,450 $32,700 $35,350 $37,950 $40,550 $43,200
60% of Median $27,480 $31,440 $35,340 $39,240 $42,420 $45,540 $48,660 $51,840

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Pike County is $35,340 a year, or $2,945 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,945 by 30% to get a maximum rent of $884 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $573 $614 $736 $851 $949 $1,047
60% $687 $737 $884 $1,021 $1,139 $1,256
Fair Market Rents in Pike County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$517 $576 $696 $935 $1,037

Cities In Pike County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Waverly 8 The HUD funded Public Housing Agency that serves Waverly is the Pike Metropolitan Housing Authority.
Piketon 6 The HUD funded Public Housing Agency that serves Piketon is the Pike Metropolitan Housing Authority.
Beaver 2 The HUD funded Public Housing Agency that serves Beaver is the Pike Metropolitan Housing Authority.
Cynthiana 0 The HUD funded Public Housing Agency that serves Cynthiana is the Pike Metropolitan Housing Authority.
Stockdale 0 The HUD funded Public Housing Agency that serves Stockdale is the Pike Metropolitan Housing Authority.
Waverly City 0 The HUD funded Public Housing Agency that serves Waverly City is the Pike Metropolitan Housing Authority.