Affordable Housing In Ridgeville Corners
Henry County, Ohio

Housing Authorities that serve Ridgeville Corners

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

Guide To Affordable Housing in Ridgeville Corners, Ohio

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Ridgeville Corners, Ohio.

Income Based Apartments in Ridgeville Corners, Ohio

Ridgeville Corners 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 Ridgeville Corners, Ohio

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

Housing Choice Vouchers in Ridgeville Corners, Ohio

On average, Section 8 Housing Choice vouchers pay Ridgeville Corners landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Ridgeville Corners.

The maximum amount a voucher would pay on behalf of a low-income tenant in Ridgeville Corners, Ohio for a two-bedroom apartment is between $626 and $766.

2020 Ridgeville Corners, 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 $517 $611 $696 $987 $991
Payment Standard Range $465 to $569 $550 to $672 $626 to $766 $888 to $1,086 $892 to $1,090

Sourced from federal housing data and AffordableHousingOnline.com research.

Ridgeville Corners, 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 22.08%
Average Renter Household Size 1.29
Average Household Size 2.30
Median Household Income $60,750 ±$27,302
Median Rent $0 ±$0
Percentage Of Renters Overburdened 0% ± 64.71pp
Total Population 354

Population and Household Demographics

Ridgeville Corners is a City in Henry County, Ohio with a population of 354. There are 154 households in the city with an average household size of 2.30 persons. 22.08% of households in Ridgeville Corners are renters.

Income and Rent Overburden in Ridgeville Corners

The median gross income for households in Ridgeville Corners is $60,750 a year, or $5,063 a month. The median rent for the city is $0 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ridgeville Corners, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 0% of households who rent are overburdened in Ridgeville Corners.1

Area Median Income In Ridgeville Corners

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 Ridgeville Corners, the AMI is calculated from all households within Henry County.

In Ridgeville Corners, HUD calculates the Area Median Income for a family of four as $70,300

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 Ridgeville Corners

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 Ridgeville Corners

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,800 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,650 $28,150 $31,650 $35,150 $38,000 $40,800 $43,600 $46,400
80% of Median $39,400 $45,000 $50,650 $56,250 $60,750 $65,250 $69,750 $74,250