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

Discover affordable housing in Goodland 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.

Ashland Place Senior Apartments

122 N Iroquois St, Goodland, Indiana 47948

calendar_today Opens: Apr 1

Reported On February 15th, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Goodland, Indiana
$23.75/hour
$16.50 (+228%) more than Indiana minimum wage and $16.50 (+228%) more than the Federal minimum wage.
Learn More About Goodland, Indiana Affordable Housing ↓

What HUD offices serve Goodland, 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 Goodland, Indiana.

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

How many renters live in Goodland, Indiana?

The City of Goodland has 991 people living in 443 households.

There are 163 renters living in 76 renter households in this City. Renters make up 16.45 percent of the population living in Goodland.

What is the rental market like in Goodland, Indiana?

There are an estimated 528 housing units in the Goodland area. Of these, 76 units are rental homes, making up 14 percent of the housing market. For every renter household in Goodland, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Goodland?

The rental vacancy rate in Goodland is 0 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 Goodland for each bedroom size?

Occupied Rental Units by Size in Goodland
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 36 13 14 7
Occupied Rental Units by Size in Goodland

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

Among renter households in this market, 41 percent have housing cost burden. Further, 12 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 Goodland

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $869 to $1,672. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $869
One BR $1,027
Two BR $1,254
Three BR $1,539
Four BR $1,672
2024 Fair Market Rents in Goodland, Indiana

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

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
Studio 6 100 percent
One BR 36 100 percent
Two BR 13 100 percent
Rental Units Below FMR in Goodland, Indiana

How many affordable rental units are in Goodland?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
Tracked Units by Federal Program in Goodland, Indiana

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

Income Based Apartments in Goodland, Indiana

Goodland features 24 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 Goodland, Indiana

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

Housing Choice Vouchers in Goodland, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Goodland, Indiana for a two-bedroom apartment is between $1,129 and $1,379.

Sourced from federal housing data and AffordableHousingOnline.com research.