How many renters live in West Lafayette, Ohio?
The City of West Lafayette has people living in households.
There are renters living in renter households in this City. Renters make up 29.86 percent of the population living in West Lafayette.
What is the rental market like in West Lafayette, Ohio?
There are an estimated housing units in the West Lafayette area. Of these, units are rental homes, making up percent of the housing market. For every renter household in West Lafayette, Ohio, there are 1.05 rental units.
What is the vacancy rate for rentals in West Lafayette?
The rental vacancy rate in West Lafayette is 5 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 West Lafayette for each bedroom size?
Occupied Rental Units by Size in West Lafayette
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 11 | 98 | 164 | 43 |
Occupied Rental Units by Size in West Lafayette
A large number of apartments in West Lafayette 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 West Lafayette
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $639 to $1,379. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $639 |
| One BR | $707 |
| Two BR | $860 |
| Three BR | $1,206 |
| Four BR | $1,379 |
2024 Fair Market Rents in West Lafayette, Ohio
How many units are rented at Fair Market Rent (FMR) in West Lafayette?
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 |
| One BR | 5 | 45 percent |
| Two BR | 77 | 79 percent |
Rental Units Below FMR in West Lafayette, Ohio
How many affordable rental units are in West Lafayette?
There are a variety of federal affordable housing programs serving households in West Lafayette, Ohio including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in West Lafayette, Ohio
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in West Lafayette, Ohio
West Lafayette features 49 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 West Lafayette, Ohio
There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in West Lafayette.
Housing Choice Vouchers in West Lafayette, Ohio
On average, Section 8 Housing Choice vouchers pay West Lafayette landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in West Lafayette.
The maximum amount a voucher would pay on behalf of a low-income tenant in West Lafayette, Ohio for a two-bedroom apartment is between $774 and $946.
Sourced from federal housing data and AffordableHousingOnline.com research.