What HUD offices serve Jonesboro, 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 Jonesboro.
How many renters live in Jonesboro, Indiana?
The City of Jonesboro has 1,541 people living in 778 households.
There are 397 renters living in 189 renter households in this City. Renters make up 25.76 percent of the population living in Jonesboro.
What is the rental market like in Jonesboro, Indiana?
There are an estimated 861 housing units in the Jonesboro area. Of these, 206 units are rental homes, making up 24 percent of the housing market. For every renter household in Jonesboro, Indiana, there are 1 rental units.
What is the vacancy rate for rentals in Jonesboro?
The rental vacancy rate in Jonesboro is 8 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 Jonesboro for each bedroom size?
Occupied Rental Units by Size in Jonesboro
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 21 | 77 | 45 | 33 |
Occupied Rental Units by Size in Jonesboro
A large number of apartments in Jonesboro 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 Jonesboro are overburdened by housing costs?
Among renter households in this market, 53 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 Jonesboro
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $585 to $1,285. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $585 |
| One BR | $684 |
| Two BR | $863 |
| Three BR | $1,119 |
| Four BR | $1,285 |
2024 Fair Market Rents in Jonesboro, Indiana
How many units are rented at Fair Market Rent (FMR) in Jonesboro?
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 | 11 | 52 percent |
| Two BR | 47 | 61 percent |
Rental Units Below FMR in Jonesboro, Indiana
How many affordable rental units are in Jonesboro?
There are a variety of federal affordable housing programs serving households in Jonesboro, Indiana including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 2 |
| USDA Section 515 Rural Rental Housing | 24 |
Tracked Units by Federal Program in Jonesboro, Indiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Jonesboro, Indiana
Jonesboro 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 Jonesboro, Indiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Jonesboro.
Housing Choice Vouchers in Jonesboro, Indiana
On average, Section 8 Housing Choice vouchers pay Jonesboro landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Jonesboro.
The maximum amount a voucher would pay on behalf of a low-income tenant in Jonesboro, Indiana for a two-bedroom apartment is between $777 and $949.
Sourced from federal housing data and AffordableHousingOnline.com research.
