Affordable Housing In Sycamore
Wyandot County, Ohio

1 Low Income Apartment Communities In Sycamore

Essex Place North

210 S Sycamore Ave
Sycamore, Ohio
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Section 8 Vouchers, Apartments, and Waiting Lists in Sycamore, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Sycamore, Ohio

Housing Authority Programs
Hancock Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency

Guide To Affordable Housing in Sycamore, Ohio

There are 1 low income housing apartment communities offering 10 affordable apartments for rent in Sycamore, Ohio.

Income Based Apartments in Sycamore, Ohio

Sycamore 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 Sycamore, Ohio

There are 10 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sycamore.

Housing Choice Vouchers in Sycamore, Ohio

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Sycamore, Ohio for a two-bedroom apartment is between $664 and $812.

2022 Sycamore, 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
Sycamore, Ohio Fair Market Rent $547 $597 $738 $912 $1,005
Sycamore, Ohio Payment Standard Range $492 to $602 $537 to $657 $664 to $812 $821 to $1,003 $905 to $1,106

Sourced from federal housing data and AffordableHousingOnline.com research.

Sycamore, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 10
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 26.45%
Average Renter Household Size 2.06
Average Household Size 2.47
Median Household Income $44,375 ±$7,651
Median Rent $694 ±$137
Percentage Of Renters Overburdened 49.52% ± 23.81pp
Total Population 980

Population and Household Demographics

Sycamore is a city in Wyandot County, Ohio with a population of 980. There are 397 households in the city with an average household size of 2.47 persons. 26.45% of households in Sycamore are renters.

Income and Rent Overburden in Sycamore

The median gross income for households in Sycamore is $44,375 a year, or $3,698 a month. The median rent for the city is $694 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sycamore, a household making less than $2,313 a month would be considered overburdened when renting an apartment at or above the median rent. 49.52% of households who rent are overburdened in Sycamore.

Area Median Income In Sycamore

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 Sycamore, the AMI is calculated from all households within Wyandot County.

In Sycamore, HUD calculates the Area Median Income for a family of four as $66,800

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 Sycamore

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 Sycamore

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30% AMI Income Limits
Renters earning up to 30% of the Sycamore AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,050 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $44,100
50% AMI Income Limits
Renters earning up to 50% of the Sycamore AMI may qualify for rental assistance programs that target Very Low Income households.
$23,400 $26,750 $30,100 $33,400 $36,100 $38,750 $41,450 $44,100
80% AMI Income Limits
Renters earning up to 80% of the Sycamore AMI may qualify for rental assistance programs that target Low Income households.
$37,450 $42,800 $48,150 $53,450 $57,750 $62,050 $66,300 $70,600