What HUD offices serve Toledo, 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 Toledo.
How many renters live in Toledo, Ohio?
The City of Toledo has people living in households.
There are renters living in renter households in this City. Renters make up 41.22 percent of the population living in Toledo.
What is the rental market like in Toledo, Ohio?
There are an estimated housing units in the Toledo area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Toledo, Ohio, there are 1.05 rental units.
What is the vacancy rate for rentals in Toledo?
The rental vacancy rate in Toledo is 3 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 Toledo for each bedroom size?
Occupied Rental Units by Size in Toledo
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 2,833 12,514 21,703 12,373 3,057 Occupied Rental Units by Size in Toledo
A large number of apartments in Toledo 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 Toledo
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $691 to $1,378. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $691 One BR $753 Two BR $986 Three BR $1,307 Four BR $1,378 2024 Fair Market Rents in Toledo, Ohio
How many units are rented at Fair Market Rent (FMR) in Toledo?
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 1,214 43 percent One BR 8,604 69 percent Two BR 13,712 63 percent Rental Units Below FMR in Toledo, Ohio
How many affordable rental units are in Toledo?
There are a variety of federal affordable housing programs serving households in
Toledo, Ohio including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Mod Rehab Project-Based Rental Assistance Section 202 Supportive Housing for the Elderly Section 811 Supportive Housing for Persons with Disabilities Tracked Units by Federal Program in Toledo, Ohio
Income Based Apartments in Toledo, Ohio
Toledo features 7,608 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 Toledo, Ohio
There are 3,945 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Toledo.
Housing Choice Vouchers in Toledo, Ohio
On average, Section 8 Housing Choice vouchers pay Toledo landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Toledo.
The maximum amount a voucher would pay on behalf of a low-income tenant in Toledo, Ohio for a two-bedroom apartment is between $887 and $1,085.
Sourced from federal housing data and AffordableHousingOnline.com research.