What HUD offices serve Elberfeld, 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.
Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near Elberfeld.
How many renters live in Elberfeld, Indiana?
The City of Elberfeld has 868 people living in 274 households.
There are 34 renters living in 16 renter households in this City. Renters make up 3.92 percent of the population living in Elberfeld.
What is the rental market like in Elberfeld, Indiana?
There are an estimated 311 housing units in the Elberfeld area. Of these, 24 units are rental homes, making up 8 percent of the housing market. For every renter household in Elberfeld, Indiana, there are 2 rental units.
What is the vacancy rate for rentals in Elberfeld?
The rental vacancy rate in Elberfeld is 33 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Elberfeld for each bedroom size?
Occupied Rental Units by Size in Elberfeld
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 4 | 9 | 3 | 0 |
Occupied Rental Units by Size in Elberfeld
A large number of apartments in Elberfeld 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 Elberfeld are overburdened by housing costs?
Among renter households in this market, 0 percent have housing cost burden. Further, 0 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 Elberfeld
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $766 to $1,558. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $766 |
| One BR | $850 |
| Two BR | $1,070 |
| Three BR | $1,360 |
| Four BR | $1,558 |
2024 Fair Market Rents in Elberfeld, Indiana
How many units are rented at Fair Market Rent (FMR) in Elberfeld?
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 | 4 | 100 percent |
| Two BR | 4 | 44 percent |
Rental Units Below FMR in Elberfeld, Indiana
How many affordable rental units are in Elberfeld?
Income Based Apartments in Elberfeld, Indiana
Elberfeld 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 Elberfeld, Indiana
There are 3 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elberfeld.
Housing Choice Vouchers in Elberfeld, Indiana
On average, Section 8 Housing Choice vouchers pay Elberfeld landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Elberfeld.
The maximum amount a voucher would pay on behalf of a low-income tenant in Elberfeld, Indiana for a two-bedroom apartment is between $963 and $1,177.
Sourced from federal housing data and AffordableHousingOnline.com research.
