What HUD offices serve West College Corner, 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 West College Corner.
How many renters live in West College Corner, Indiana?
The City of West College Corner has 479 people living in 224 households.
There are 123 renters living in 65 renter households in this City. Renters make up 25.68 percent of the population living in West College Corner.
What is the rental market like in West College Corner, Indiana?
There are an estimated 287 housing units in the West College Corner area. Of these, 76 units are rental homes, making up 26 percent of the housing market. For every renter household in West College Corner, Indiana, there are 1 rental units.
What is the vacancy rate for rentals in West College Corner?
The rental vacancy rate in West College Corner is 14 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 West College Corner for each bedroom size?
Occupied Rental Units by Size in West College Corner
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 10 | 29 | 24 | 2 |
Occupied Rental Units by Size in West College Corner
A large number of apartments in West College Corner 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 West College Corner are overburdened by housing costs?
Among renter households in this market, 22 percent have housing cost burden. Further, 3 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 West College Corner
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $628 to $1,494. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $628 |
| One BR | $714 |
| Two BR | $926 |
| Three BR | $1,245 |
| Four BR | $1,494 |
2024 Fair Market Rents in West College Corner, Indiana
How many units are rented at Fair Market Rent (FMR) in West College Corner?
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 | 5 | 50 percent |
| Two BR | 20 | 69 percent |
Rental Units Below FMR in West College Corner, Indiana
How many affordable rental units are in West College Corner?
There are a variety of federal affordable housing programs serving households in West College Corner, Indiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 32 |
Tracked Units by Federal Program in West College Corner, Indiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in West College Corner, Indiana
West College Corner 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 West College Corner, Indiana
There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in West College Corner.
Housing Choice Vouchers in West College Corner, Indiana
On average, Section 8 Housing Choice vouchers pay West College Corner landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in West College Corner.
The maximum amount a voucher would pay on behalf of a low-income tenant in West College Corner, Indiana for a two-bedroom apartment is between $833 and $1,019.
Sourced from federal housing data and AffordableHousingOnline.com research.
