What HUD offices serve Stow, 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 Stow.
How many renters live in Stow, Ohio?
The City of Stow has 34,459 people living in 13,857 households.
There are 7,635 renters living in 3,976 renter households in this City. Renters make up 22.16 percent of the population living in Stow.
What is the rental market like in Stow, Ohio?
There are an estimated 14,947 housing units in the Stow area. Of these, 4,527 units are rental homes, making up 30 percent of the housing market. For every renter household in Stow, Ohio, there are 1 rental units.
What is the vacancy rate for rentals in Stow?
The rental vacancy rate in Stow 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 Stow for each bedroom size?
Occupied Rental Units by Size in Stow
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 111 | 724 | 2,588 | 425 | 113 |
Occupied Rental Units by Size in Stow
A large number of apartments in Stow 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 Stow are overburdened by housing costs?
Among renter households in this market, 37 percent have housing cost burden. Further, 20 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 Stow
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $728 to $1,389. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $728 |
| One BR | $816 |
| Two BR | $1,039 |
| Three BR | $1,301 |
| Four BR | $1,389 |
2024 Fair Market Rents in Stow, Ohio
How many units are rented at Fair Market Rent (FMR) in Stow?
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 | 47 | 42 percent |
| One BR | 248 | 34 percent |
| Two BR | 820 | 32 percent |
Rental Units Below FMR in Stow, Ohio
How many affordable rental units are in Stow?
There are a variety of federal affordable housing programs serving households in Stow, Ohio including the following:
| Federal Program | Unit Count |
| Public Housing | 104 |
| Section 8 Project-Based Rental Assistance | 164 |
| Section 202 Supportive Housing for the Elderly | 34 |
Tracked Units by Federal Program in Stow, Ohio
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Stow, Ohio
Stow features 304 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 Stow, Ohio
There are 62 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stow.
Housing Choice Vouchers in Stow, Ohio
On average, Section 8 Housing Choice vouchers pay Stow landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Stow.
The maximum amount a voucher would pay on behalf of a low-income tenant in Stow, Ohio for a two-bedroom apartment is between $935 and $1,143.
Sourced from federal housing data and AffordableHousingOnline.com research.
