Affordable Housing In Preble County

17 Low Income Apartment Communities In Preble County

Residences at Eagles Point

307 N Cherry St
Eaton, OH
1-3 BR

Camden Way II

201 N Lafayette St
Camden, OH
Income Based
1-3 BR

Eaton Senior Villas

99 Hampshire Drive
Eaton, OH
1.5 BR

Camden Way I

140 N Liberty St
Camden, OH
Income Based
1 BR

Towne Park Apartments

347 Eaton-Lewisburg Rd
Eaton, OH
1-2 BR

Woodview Common Apartments

345 Eaton Lewisburg Rd
Eaton, OH

Manorview Apartments

525 W Cumberland St
Lewisburg, OH

Village South

111 Village Dr S
Eaton, OH

West Alex Village

20 Elm St
West Alexandria, OH

New Paris Apartments

33 Sauer Dr
New Paris, OH

Housing Authorities that serve Preble County

Housing Authority Programs
Preble Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Preble County, Ohio

According to federal housing data and research, there are 17 low income housing apartment communities offering 486 affordable apartments for rent in Preble County, Ohio. Preble County features 281 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 121 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Preble County.

Preble County, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 486
Total Housing Units with Rental Assistance 281
Percentage of Housing Units Occupied By Renters 23.25%
Average Renter Household Size 2.69
Average Household Size 2.56
Median Household Income $47,818 ±$1,934
Median Rent $702 ±$29
Percentage Of Renters Overburdened 44.57% ± 5.89pp
Total Population 41,682

Population and Household Demographics

Preble County is a County in Ohio with a population of 41,682. There are 16,124 households in the county with an average household size of 2.56 persons. 23.25% of households in Preble County are renters.

Income and Rent Overburden in Preble County

The median gross income for households in Preble County is $47,818 a year, or $3,985 a month. The median rent for the county is $702 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Preble County, a household making less than $2,340 a month would be considered overburdened when renting an apartment at or above the median rent. 44.57% of households who rent are overburdened in Preble County.1

Area Median Income In Preble 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 Preble County, HUD calculates the Area Median Income for a family of four as $64,100

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 Preble 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 Preble County HUD Rental Assistance in Preble 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 Preble County

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

From 1993 to 2010, 6 low income apartment communities containing 181 rental apartments have been constructed and made affordable to low income persons in Preble 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 Preble 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 Preble 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 Preble 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
$518 $536 $706 $981 $984

Cities In Preble County

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

City Listings Served By
Eaton 11 The HUD funded Public Housing Agency that serves Eaton is the Preble Metropolitan Housing Authority.
Camden 3 The HUD funded Public Housing Agency that serves Camden is the Preble Metropolitan Housing Authority.
Lewisburg 1 The HUD funded Public Housing Agency that serves Lewisburg is the Preble Metropolitan Housing Authority.
New Paris 1 The HUD funded Public Housing Agency that serves New Paris is the Preble Metropolitan Housing Authority.
West Alexandria 1 The HUD funded Public Housing Agency that serves West Alexandria is the Preble Metropolitan Housing Authority.
Eldorado 0
Lake Lakengren 0
West Elkton 0
West Manchester 0
Gratis 0