What HUD offices serve Richmond Heights, 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.
Go to the Ohio Public Housing and Low-Income Apartments Waiting Lists page for openings near Richmond Heights.
How many renters live in Richmond Heights, Ohio?
The City of Richmond Heights has 10,714 people living in 4,983 households.
There are 3,321 renters living in 1,846 renter households in this City. Renters make up 31 percent of the population living in Richmond Heights.
What is the rental market like in Richmond Heights, Ohio?
There are an estimated 5,399 housing units in the Richmond Heights area. Of these, 2,052 units are rental homes, making up 38 percent of the housing market. For every renter household in Richmond Heights, Ohio, there are 1 rental units.
What is the vacancy rate for rentals in Richmond Heights?
The rental vacancy rate in Richmond Heights is 10 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Richmond Heights for each bedroom size?
Occupied Rental Units by Size in Richmond Heights
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 150 | 850 | 612 | 215 | 19 |
Occupied Rental Units by Size in Richmond Heights
A large number of apartments in Richmond Heights have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Richmond Heights are overburdened by housing costs?
Among renter households in this market, 43 percent have housing cost burden. Further, 21 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Richmond Heights
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $811 to $1,527. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $811 |
| One BR | $913 |
| Two BR | $1,108 |
| Three BR | $1,434 |
| Four BR | $1,527 |
2024 Fair Market Rents in Richmond Heights, Ohio
How many units are rented at Fair Market Rent (FMR) in Richmond Heights?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 34 | 23 percent |
| One BR | 639 | 75 percent |
| Two BR | 477 | 78 percent |
Rental Units Below FMR in Richmond Heights, Ohio
How many affordable rental units are in Richmond Heights?
There are a variety of federal affordable housing programs serving households in Richmond Heights, Ohio including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 1 |
| Section 202 Supportive Housing for the Elderly | 1 |
| Section 811 Supportive Housing for Persons with Disabilities | 3 |
Tracked Units by Federal Program in Richmond Heights, Ohio
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Richmond Heights, Ohio
Richmond Heights features 6 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 Richmond Heights, Ohio
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richmond Heights.
Housing Choice Vouchers in Richmond Heights, Ohio
On average, Section 8 Housing Choice vouchers pay Richmond Heights landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Richmond Heights.
The maximum amount a voucher would pay on behalf of a low-income tenant in Richmond Heights, Ohio for a two-bedroom apartment is between $997 and $1,219.
Sourced from federal housing data and AffordableHousingOnline.com research.
