How many renters live in Ladoga, Indiana?
The City of Ladoga has 1,149 people living in 423 households.
There are 168 renters living in 105 renter households in this City. Renters make up 14.62 percent of the population living in Ladoga.
What is the rental market like in Ladoga, Indiana?
There are an estimated 441 housing units in the Ladoga area. Of these, 105 units are rental homes, making up 24 percent of the housing market. For every renter household in Ladoga, Indiana, there are 1 rental units.
What is the vacancy rate for rentals in Ladoga?
The rental vacancy rate in Ladoga 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 Ladoga for each bedroom size?
Occupied Rental Units by Size in Ladoga
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 8 | 50 | 47 | 0 |
Occupied Rental Units by Size in Ladoga
A large number of apartments in Ladoga 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 Ladoga are overburdened by housing costs?
Among renter households in this market, 39 percent have housing cost burden. Further, 14 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 Ladoga
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $600 to $1,279. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $600 |
| One BR | $684 |
| Two BR | $863 |
| Three BR | $1,176 |
| Four BR | $1,279 |
2024 Fair Market Rents in Ladoga, Indiana
How many units are rented at Fair Market Rent (FMR) in Ladoga?
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 | 6 | 75 percent |
| Two BR | 27 | 54 percent |
Rental Units Below FMR in Ladoga, Indiana
How many affordable rental units are in Ladoga?
Income Based Apartments in Ladoga, Indiana
Ladoga features 20 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 Ladoga, Indiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ladoga.
Housing Choice Vouchers in Ladoga, Indiana
On average, Section 8 Housing Choice vouchers pay Ladoga landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Ladoga.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ladoga, Indiana for a two-bedroom apartment is between $777 and $949.
Sourced from federal housing data and AffordableHousingOnline.com research.
