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There are 364 low-income apartments in Newark that offer reduced rents to eligible households. Low-income rents in Newark, Ohio can range from $650 to $775 depending on the number of bedrooms.
Rental assistance programs support 811 low-income homes in Newark where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $309 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 Newark, 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 |
|---|---|
| Licking Metropolitan Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
Newark, Ohio Affordable Housing Data
Income Based Apartments in Newark, Ohio
Newark features 811 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 Newark, Ohio
There are 364 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newark.
Housing Choice Vouchers in Newark, Ohio
On average, Section 8 Housing Choice vouchers pay Newark landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Newark.
The maximum amount a voucher would pay on behalf of a low-income tenant in Newark, Ohio for a two-bedroom apartment is between $1,172 and $1,432.
2024 Newark, 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 | |
|---|---|---|---|---|---|
| Newark, Ohio Fair Market Rent | $970 | $1,065 | $1,302 | $1,574 | $1,745 |
| Newark, 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.
Area Median Income In Newark
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 Newark, the AMI is calculated from all households within Licking County.
In Newark, 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 Newark
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 Newark
| 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 Newark 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 Newark 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 Newark 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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