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There are 0 low-income apartments in Buckeye Lake that offer reduced rents to eligible households.
Rental assistance programs support 0 low-income homes in Buckeye Lake where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $278 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Buckeye Lake, 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.
| Housing Authority | Programs |
|---|---|
| Fairfield Metropolitan Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
Buckeye Lake, Ohio Affordable Housing Data
Income Based Apartments in Buckeye Lake, Ohio
Buckeye Lake 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 Buckeye Lake, Ohio
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Buckeye Lake.
Housing Choice Vouchers in Buckeye Lake, Ohio
On average, Section 8 Housing Choice vouchers pay Buckeye Lake landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Buckeye Lake.
The maximum amount a voucher would pay on behalf of a low-income tenant in Buckeye Lake, Ohio for a two-bedroom apartment is between $1,172 and $1,432.
2024 Buckeye Lake, 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 | |
|---|---|---|---|---|---|
| Buckeye Lake, Ohio Fair Market Rent | $970 | $1,065 | $1,302 | $1,574 | $1,745 |
| Buckeye Lake, Ohio Payment Standard Range | $873 to $1,067 | $959 to $1,172 | $1,172 to $1,432 | $1,417 to $1,731 | $1,571 to $1,920 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Buckeye Lake, OH Affordable Housing Snapshot
| Total Affordable Apartment Properties | 1 |
|---|---|
| Total Low Income Apartments | 1 |
| Total Housing Units with Rental Assistance | 0 |
| Percentage of Housing Units Occupied By Renters | 38.06% |
| Average Renter Household Size | 2.30 |
| Average Household Size | 2.28 |
| Median Household Income | $28,340 ±$4,267 |
| Median Rent | $650 ±$90 |
| Percentage Of Renters Overburdened | 57.27% ± 18.12pp |
| Total Population | 2,724 |
Population and Household Demographics
Buckeye Lake is a city in Fairfield County, Ohio with a population of 2,724. There are 1,193 households in the city with an average household size of 2.28 persons. 38.06% of households in Buckeye Lake are renters.
Income and Rent Overburden in Buckeye Lake
The median gross income for households in Buckeye Lake is $28,340 a year, or $2,362 a month. The median rent for the city is $650 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Buckeye Lake, a household making less than $2,167 a month would be considered overburdened when renting an apartment at or above the median rent. 57.27% of households who rent are overburdened in Buckeye Lake.
Area Median Income In Buckeye Lake
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 Buckeye Lake, the AMI is calculated from all households within Fairfield County.
In Buckeye Lake, HUD calculates the Area Median Income for a family of four as $101,100
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 Buckeye Lake
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 Buckeye Lake
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Buckeye Lake AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$20,850 | $23,800 | $26,800 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Buckeye Lake AMI may qualify for rental assistance programs that target Very Low Income households. |
$34,750 | $39,700 | $44,650 | $49,600 | $53,600 | $57,550 | $61,550 | $65,500 |
| 80% AMI Income Limits Renters earning up to 80% of the Buckeye Lake AMI may qualify for rental assistance programs that target Low Income households. |
$55,550 | $63,500 | $71,450 | $79,350 | $85,700 | $92,050 | $98,400 | $104,750 |
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