Affordable Housing In Portage Lakes
Summit County, Ohio

Affordable Housing programs support 0 income based apartments in Portage Lakes where households pay rent based on how much they earn.

There are 0 affordable apartments in Portage Lakes that offer reduced rents to low-income households.

Waiting Lists in Portage Lakes, Ohio

There is one Section 8 Housing Choice Voucher waiting list open in Portage Lakes.

  • is currently open for new Section 8 applications.

Go to the Ohio Section 8 Waiting Lists page for more openings near Portage Lakes.

Affordable Housing Near Portage Lakes

View affordable apartments and waiting lists in cities near Portage Lakes

City Apartments
Affordable Housing In Akron, OH Affordable Housing programs support 103 apartment communities in Akron.
Affordable Housing In Barberton, OH Affordable Housing programs support 14 apartment communities in Barberton.
Affordable Housing In Cuyahoga Falls, OH Affordable Housing programs support 18 apartment communities in Cuyahoga Falls.
Affordable Housing In Stow, OH Affordable Housing programs support 5 apartment communities in Stow.
Affordable Housing In Twinsburg, OH Affordable Housing programs support 2 apartment communities in Twinsburg.

Public Housing Agencies Serving Portage Lakes, 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.

Housing Authority Programs
Akron Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Ohio Public Housing and Low-Income Apartments Waiting Lists page for openings near Portage Lakes.

Portage Lakes, Ohio Affordable Housing Data

Income Based Apartments in Portage Lakes, Ohio

Portage Lakes 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 Portage Lakes, Ohio

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

Housing Choice Vouchers in Portage Lakes, Ohio

On average, Section 8 Housing Choice vouchers pay Portage Lakes landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Portage Lakes.

The maximum amount a voucher would pay on behalf of a low-income tenant in Portage Lakes, Ohio for a two-bedroom apartment is between $924 and $1,130.

2023 Portage Lakes, 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
Portage Lakes, Ohio Fair Market Rent $712 $809 $1,027 $1,297 $1,380
Portage Lakes, Ohio Payment Standard Range $641 to $783 $728 to $890 $924 to $1,130 $1,167 to $1,427 $1,242 to $1,518

Sourced from federal housing data and AffordableHousingOnline.com research.

Portage Lakes, 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 38.29%
Average Renter Household Size 1.74
Average Household Size 2.20
Median Household Income $53,421 ±$5,848
Median Rent $782 ±$27
Percentage Of Renters Overburdened 40.54% ± 11.55pp
Total Population 7,038

Population and Household Demographics

Portage Lakes is a city in Summit County, Ohio with a population of 7,038. There are 3,176 households in the city with an average household size of 2.20 persons. 38.29% of households in Portage Lakes are renters.

Income and Rent Overburden in Portage Lakes

The median gross income for households in Portage Lakes is $53,421 a year, or $4,452 a month. The median rent for the city is $782 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Portage Lakes, a household making less than $2,607 a month would be considered overburdened when renting an apartment at or above the median rent. 40.54% of households who rent are overburdened in Portage Lakes.

Area Median Income In Portage Lakes

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 Portage Lakes, the AMI is calculated from all households within Summit County.

In Portage Lakes, HUD calculates the Area Median Income for a family of four as $82,000

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 Portage Lakes

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 Portage Lakes

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Portage Lakes AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,250 $19,700 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Portage Lakes AMI may qualify for rental assistance programs that target Very Low Income households.
$28,700 $32,800 $36,900 $41,000 $44,300 $47,600 $50,850 $54,150
80% AMI Income Limits
Renters earning up to 80% of the Portage Lakes AMI may qualify for rental assistance programs that target Low Income households.
$45,950 $52,500 $59,050 $65,600 $70,850 $76,100 $81,350 $86,600