How many renters live in Walnut Creek, Ohio?
The City of Walnut Creek has 1,302 people living in 319 households.
There are 279 renters living in 109 renter households in this City. Renters make up 21.43 percent of the population living in Walnut Creek.
What is the rental market like in Walnut Creek, Ohio?
There are an estimated 354 housing units in the Walnut Creek area. Of these, 136 units are rental homes, making up 38 percent of the housing market. For every renter household in Walnut Creek, Ohio, there are 1 rental units.
What is the vacancy rate for rentals in Walnut Creek?
The rental vacancy rate in Walnut Creek is 0 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 Walnut Creek for each bedroom size?
Occupied Rental Units by Size in Walnut Creek
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 73 | 29 | 7 |
Occupied Rental Units by Size in Walnut Creek
A large number of apartments in Walnut Creek 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 Walnut Creek are overburdened by housing costs?
Among renter households in this market, 28 percent have housing cost burden. Further, 22 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 Walnut Creek
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $639 to $1,145. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $639 |
| One BR | $655 |
| Two BR | $860 |
| Three BR | $1,040 |
| Four BR | $1,145 |
2024 Fair Market Rents in Walnut Creek, Ohio
How many units are rented at Fair Market Rent (FMR) in Walnut Creek?
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 |
| Two BR | 6 | 8 percent |
Rental Units Below FMR in Walnut Creek, Ohio
How many affordable rental units are in Walnut Creek?
Income Based Apartments in Walnut Creek, Ohio
Walnut Creek features 64 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 Walnut Creek, Ohio
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Walnut Creek.
Housing Choice Vouchers in Walnut Creek, Ohio
On average, Section 8 Housing Choice vouchers pay Walnut Creek landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Walnut Creek.
The maximum amount a voucher would pay on behalf of a low-income tenant in Walnut Creek, Ohio for a two-bedroom apartment is between $774 and $946.
Sourced from federal housing data and AffordableHousingOnline.com research.
