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

Discover affordable housing in Loogootee where there are 5+ 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.

Country Place Apartments - Loogootee

31 Country Place, Loogootee, Indiana 47553

West Court

Vine St and William Daily Dr, Loogootee, Indiana 47553

Loogootee Elderly Housing, L.P.

211 Cedar Street, Loogootee, Indiana 47553

City of Loogootee

City of Loogootee, Loogootee, Indiana 46000

East Court

Queen and Boston St, Loogootee, Indiana 47553

calendar_today Opened: Aug 15
Open Until Further Notice

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Loogootee, 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 Loogootee, Indiana Affordable Housing ↓

What HUD offices serve Loogootee, 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 Loogootee, Indiana.

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

How many renters live in Loogootee, Indiana?

The City of Loogootee has 2,567 people living in 1,146 households.

There are 578 renters living in 392 renter households in this City. Renters make up 22.52 percent of the population living in Loogootee.

What is the rental market like in Loogootee, Indiana?

There are an estimated 1,271 housing units in the Loogootee area. Of these, 392 units are rental homes, making up 31 percent of the housing market. For every renter household in Loogootee, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Loogootee?

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

Occupied Rental Units by Size in Loogootee
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
51 91 208 22 13
Occupied Rental Units by Size in Loogootee

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

Among renter households in this market, 42 percent have housing cost burden. Further, 35 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 Loogootee

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $600 to $1,267. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $600
One BR $657
Two BR $863
Three BR $1,043
Four BR $1,267
2024 Fair Market Rents in Loogootee, Indiana

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

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 20 39 percent
One BR 65 71 percent
Two BR 98 47 percent
Rental Units Below FMR in Loogootee, Indiana

How many affordable rental units are in Loogootee?

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

Federal Program Unit Count
Low Income Housing Tax Credit 36
USDA Section 515 Rural Rental Housing 66
Tracked Units by Federal Program in Loogootee, Indiana

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

Income Based Apartments in Loogootee, Indiana

Loogootee features 96 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 Loogootee, Indiana

There are 52 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Loogootee.

Housing Choice Vouchers in Loogootee, Indiana

On average, Section 8 Housing Choice vouchers pay Loogootee landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Loogootee.

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

Sourced from federal housing data and AffordableHousingOnline.com research.