Indicator Profiles
Analysis
There is a distinctive trend of growing affordability of rental housing units in Hancock County in 2007 as compared to 2005. The fastest growing category of renters is among renters who spend 20-25% of their income on rent, followed by the group who rent their homes for less than 15% of their total income.
The portion of Hancock County residents who pay greater than 25% of their household income in rent is decreasing on average 16.37% per year.
The trend in Hancock County significantly differs from the trend in renting costs statewide. In Ohio, the fastest growing category of renters are those who paid greater than 35% of their total household income in rent. In Ohio, this category has been expanding at an average rate of 4.6% a year.
