What HUD offices serve Willoughby Hills, 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 Willoughby Hills.
How many renters live in Willoughby Hills, Ohio?
The City of Willoughby Hills has 9,972 people living in 5,176 households.
There are 4,361 renters living in 2,884 renter households in this City. Renters make up 43.73 percent of the population living in Willoughby Hills.
What is the rental market like in Willoughby Hills, Ohio?
There are an estimated 5,515 housing units in the Willoughby Hills area. Of these, 3,069 units are rental homes, making up 56 percent of the housing market. For every renter household in Willoughby Hills, Ohio, there are 1 rental units.
What is the vacancy rate for rentals in Willoughby Hills?
The rental vacancy rate in Willoughby Hills is 4 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 Willoughby Hills for each bedroom size?
Occupied Rental Units by Size in Willoughby Hills
Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
---|---|---|---|---|
102 | 1,108 | 1,358 | 299 | 17 |
Occupied Rental Units by Size in Willoughby Hills
A large number of apartments in Willoughby Hills 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 Willoughby Hills are overburdened by housing costs?
Among renter households in this market, 39 percent have housing cost burden. Further, 16 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 Willoughby Hills
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $811 to $1,527. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size | 2024 Fair Market Rents |
Studio | $811 |
One BR | $913 |
Two BR | $1,108 |
Three BR | $1,434 |
Four BR | $1,527 |
2024 Fair Market Rents in Willoughby Hills, Ohio
How many units are rented at Fair Market Rent (FMR) in Willoughby Hills?
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 | 92 | 90 percent |
One BR | 594 | 54 percent |
Two BR | 398 | 29 percent |
Rental Units Below FMR in Willoughby Hills, Ohio
How many affordable rental units are in Willoughby Hills?
There are a variety of federal affordable housing programs serving households in Willoughby Hills, Ohio including the following:
Federal Program | Unit Count |
Low Income Housing Tax Credit | 40 |
Section 202 Supportive Housing for the Elderly | 41 |
Tracked Units by Federal Program in Willoughby Hills, Ohio
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Willoughby Hills, Ohio
Willoughby Hills features 40 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 Willoughby Hills, Ohio
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Willoughby Hills.
Housing Choice Vouchers in Willoughby Hills, Ohio
On average, Section 8 Housing Choice vouchers pay Willoughby Hills landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Willoughby Hills.
The maximum amount a voucher would pay on behalf of a low-income tenant in Willoughby Hills, Ohio for a two-bedroom apartment is between $997 and $1,219.
Sourced from federal housing data and AffordableHousingOnline.com research.