Low Income Apartments and Affordable Housing For Rent in Hagerstown, IN

Discover affordable housing in Hagerstown where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Hagerstown Faith Housing

145 West Walnut Street, Hagerstown, Indiana 47346

calendar_today Opens: Mar 31

Reported On February 15th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hagerstown, Indiana
$16.34/hour
$9.09 (+125%) more than Indiana minimum wage and $9.09 (+125%) more than the Federal minimum wage.
Learn More About Hagerstown, Indiana Affordable Housing ↓

What HUD offices serve Hagerstown, Indiana?

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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Hagerstown, Indiana.

Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near Hagerstown.

How many renters live in Hagerstown, Indiana?

The City of Hagerstown has 1,932 people living in 722 households.

There are 353 renters living in 147 renter households in this City. Renters make up 18.27 percent of the population living in Hagerstown.

What is the rental market like in Hagerstown, Indiana?

There are an estimated 803 housing units in the Hagerstown area. Of these, 153 units are rental homes, making up 19 percent of the housing market. For every renter household in Hagerstown, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Hagerstown?

The rental vacancy rate in Hagerstown 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 Hagerstown for each bedroom size?

Occupied Rental Units by Size in Hagerstown
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 32 48 64 3
Occupied Rental Units by Size in Hagerstown

A large number of apartments in Hagerstown 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 Hagerstown are overburdened by housing costs?

Among renter households in this market, 63 percent have housing cost burden. Further, 15 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 Hagerstown

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $637 to $1,156. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $637
One BR $657
Two BR $863
Three BR $1,071
Four BR $1,156
2024 Fair Market Rents in Hagerstown, Indiana

How many units are rented at Fair Market Rent (FMR) in Hagerstown?

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 20 63 percent
Two BR 31 65 percent
Rental Units Below FMR in Hagerstown, Indiana

How many affordable rental units are in Hagerstown?

There are a variety of federal affordable housing programs serving households in Hagerstown, Indiana including the following:

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 30
Tracked Units by Federal Program in Hagerstown, Indiana

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Hagerstown, Indiana

Hagerstown features 30 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 Hagerstown, Indiana

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hagerstown.

Housing Choice Vouchers in Hagerstown, Indiana

On average, Section 8 Housing Choice vouchers pay Hagerstown landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hagerstown.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hagerstown, Indiana for a two-bedroom apartment is between $777 and $949.

Sourced from federal housing data and AffordableHousingOnline.com research.