Affordable Housing In Summit County
Ohio
142 Low Income Apartment Communities In Summit County
Portage Lakes Kiwanis Towers
Hudson Drive Group Home II
Housing Authorities that serve Summit County
| Housing Authority | Programs |
|---|---|
| Akron Metropolitan Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
Guide To Affordable Housing in Summit County, Ohio
There are 142 low income housing apartment communities offering 11,346 affordable apartments for rent in Summit County, Ohio. Summit County features 8,010 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 2,884 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Summit County.
Sourced from federal housing data and AffordableHousingOnline.com research.
Summit County, OH Affordable Housing Snapshot
| Total Affordable Apartment Properties | 142 |
|---|---|
| Total Low Income Apartments | 11,346 |
| Total Housing Units with Rental Assistance | 8,010 |
| Percentage of Housing Units Occupied By Renters | 33.72% |
| Average Renter Household Size | 2.21 |
| Average Household Size | 2.41 |
| Median Household Income | $50,765 ±$662 |
| Median Rent | $744 ±$9 |
| Percentage Of Renters Overburdened | 46.62% ± 1.63pp |
| Total Population | 541,847 |
Population and Household Demographics
Summit County is a County in Ohio with a population of 541,847. There are 220,902 households in the county with an average household size of 2.41 persons. 33.72% of households in Summit County are renters.
Income and Rent Overburden in Summit County
The median gross income for households in Summit County is $50,765 a year, or $4,230 a month. The median rent for the county is $744 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Summit County, a household making less than $2,480 a month would be considered overburdened when renting an apartment at or above the median rent. 46.62% of households who rent are overburdened in Summit County.1
Area Median Income In Summit 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 Summit County, HUD calculates the Area Median Income for a family of four as $72,300
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 Summit 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 Summit County HUD Rental Assistance in Summit County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% of Median | $15,200 | $17,400 | $21,330 | $25,750 | $30,170 | $34,590 | $39,010 | $43,430 |
| 50% of Median | $25,350 | $28,950 | $32,550 | $36,150 | $39,050 | $41,950 | $44,850 | $47,750 |
| 80% of Median | $40,500 | $46,300 | $52,100 | $57,850 | $62,500 | $67,150 | $71,750 | $76,400 |
Low Income Housing Tax Credits in Summit County
The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.
From 1987 to 2012, 70 low income apartment communities containing 3,943 rental apartments have been constructed and made affordable to low income persons in Summit 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 Summit County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 50% of Median | $25,350 | $28,950 | $32,550 | $36,150 | $39,050 | $41,950 | $44,850 | $47,750 |
| 60% of Median | $30,420 | $34,740 | $39,060 | $43,380 | $46,860 | $50,340 | $53,820 | $57,300 |
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 Summit County is $39,060 a year, or $3,255 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,255 by 30% to get a maximum rent of $977 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% | $634 | $679 | $814 | $940 | $1,049 | $1,158 |
| 60% | $761 | $815 | $977 | $1,128 | $1,259 | $1,389 |
Fair Market Rents in Summit 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 |
|---|---|---|---|---|
| $557 | $659 | $847 | $1,065 | $1,147 |
Cities In Summit County
Select A City to View its Apartment Communities and Waiting Lists.
| City | Listings | Served By |
|---|---|---|
| Akron | 101 | The HUD funded Public Housing Agency that serves Akron is the Akron Metropolitan Housing Authority. |
| Cuyahoga Falls | 19 | The HUD funded Public Housing Agency that serves Cuyahoga Falls is the Akron Metropolitan Housing Authority. |
| Barberton | 14 | The HUD funded Public Housing Agency that serves Barberton is the Akron Metropolitan Housing Authority. |
| Twinsburg | 2 | The HUD funded Public Housing Agency that serves Twinsburg is the Akron Metropolitan Housing Authority. |
| Stow | 4 | The HUD funded Public Housing Agency that serves Stow is the Akron Metropolitan Housing Authority. |
| Northfield | 0 | The HUD funded Public Housing Agency that serves Northfield is the Akron Metropolitan Housing Authority. |
| Fairlawn | 0 | The HUD funded Public Housing Agency that serves Fairlawn is the Akron Metropolitan Housing Authority. |
| Boston Heights | 0 | The HUD funded Public Housing Agency that serves Boston Heights is the Akron Metropolitan Housing Authority. |
| Clinton | 0 | The HUD funded Public Housing Agency that serves Clinton is the Akron Metropolitan Housing Authority. |
| Hudson | 0 | The HUD funded Public Housing Agency that serves Hudson is the Akron Metropolitan Housing Authority. |
| Lakemore | 0 | The HUD funded Public Housing Agency that serves Lakemore is the Akron Metropolitan Housing Authority. |
| Macedonia | 0 | The HUD funded Public Housing Agency that serves Macedonia is the Akron Metropolitan Housing Authority. |
| Munroe Falls | 0 | The HUD funded Public Housing Agency that serves Munroe Falls is the Akron Metropolitan Housing Authority. |
| New Franklin | 0 | The HUD funded Public Housing Agency that serves New Franklin is the Akron Metropolitan Housing Authority. |
| Peninsula | 0 | The HUD funded Public Housing Agency that serves Peninsula is the Akron Metropolitan Housing Authority. |
| Pigeon Creek | 0 | The HUD funded Public Housing Agency that serves Pigeon Creek is the Akron Metropolitan Housing Authority. |
| Reminderville | 0 | The HUD funded Public Housing Agency that serves Reminderville is the Akron Metropolitan Housing Authority. |
| Richfield | 0 | The HUD funded Public Housing Agency that serves Richfield is the Akron Metropolitan Housing Authority. |
| Sawyerwood | 0 | The HUD funded Public Housing Agency that serves Sawyerwood is the Akron Metropolitan Housing Authority. |
| Silver Lake | 0 | The HUD funded Public Housing Agency that serves Silver Lake is the Akron Metropolitan Housing Authority. |
| Twinsburg Heights | 0 | The HUD funded Public Housing Agency that serves Twinsburg Heights is the Akron Metropolitan Housing Authority. |
| Green | 1 | The HUD funded Public Housing Agency that serves Green is the Akron Metropolitan Housing Authority. |
| Montrose Ghent | 0 | The HUD funded Public Housing Agency that serves Montrose Ghent is the Akron Metropolitan Housing Authority. |
| Norton | 0 | The HUD funded Public Housing Agency that serves Norton is the Akron Metropolitan Housing Authority. |
| Portage Lakes | 0 | The HUD funded Public Housing Agency that serves Portage Lakes is the Akron Metropolitan Housing Authority. |
| Montrose-Ghent | 0 | The HUD funded Public Housing Agency that serves Montrose-Ghent is the Akron Metropolitan Housing Authority. |
