How many renters live in South Charleston, Ohio?
The City of South Charleston has people living in households.
There are renters living in renter households in this City. Renters make up 43.77 percent of the population living in South Charleston.
What is the rental market like in South Charleston, Ohio?
There are an estimated housing units in the South Charleston area. Of these, units are rental homes, making up percent of the housing market. For every renter household in South Charleston, Ohio, there are 1.07 rental units.
What is the vacancy rate for rentals in South Charleston?
The rental vacancy rate in South Charleston is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in South Charleston for each bedroom size?
Occupied Rental Units by Size in South Charleston
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 20 115 172 70 36 Occupied Rental Units by Size in South Charleston
A large number of apartments in South Charleston have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in South Charleston
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $650 to $1,268. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $650 One BR $721 Two BR $948 Three BR $1,149 Four BR $1,268 2024 Fair Market Rents in South Charleston, Ohio
How many units are rented at Fair Market Rent (FMR) in South Charleston?
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 17 85 percent One BR 110 96 percent Two BR 165 96 percent Rental Units Below FMR in South Charleston, Ohio
How many affordable rental units are in South Charleston?
There are a variety of federal affordable housing programs serving households in
South Charleston, Ohio including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Section 8 Project-Based Rental Assistance Tracked Units by Federal Program in South Charleston, Ohio
Income Based Apartments in South Charleston, Ohio
South Charleston features 94 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 South Charleston, Ohio
There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in South Charleston.
Housing Choice Vouchers in South Charleston, Ohio
On average, Section 8 Housing Choice vouchers pay South Charleston landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in South Charleston.
The maximum amount a voucher would pay on behalf of a low-income tenant in South Charleston, Ohio for a two-bedroom apartment is between $853 and $1,043.
Sourced from federal housing data and AffordableHousingOnline.com research.