Low Income Apartments and Affordable Housing For Rent in Bunker Hill, IN

Discover affordable housing in Bunker Hill where there are 2+ 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.

Prescott Greene

314 E Washington St, Bunker Hill, Indiana 46914

Green Valley Apts.

198 E 3rd St, Bunker Hill, Indiana

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

What HUD offices serve Bunker Hill, 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), Public Housing programs for Bunker Hill, Indiana.

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

How many renters live in Bunker Hill, Indiana?

The City of Bunker Hill has 848 people living in 416 households.

There are 295 renters living in 152 renter households in this City. Renters make up 34.79 percent of the population living in Bunker Hill.

What is the rental market like in Bunker Hill, Indiana?

There are an estimated 506 housing units in the Bunker Hill area. Of these, 172 units are rental homes, making up 34 percent of the housing market. For every renter household in Bunker Hill, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Bunker Hill?

The rental vacancy rate in Bunker Hill 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 Bunker Hill for each bedroom size?

Occupied Rental Units by Size in Bunker Hill
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 30 96 26 0
Occupied Rental Units by Size in Bunker Hill

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

Among renter households in this market, 27 percent have housing cost burden. Further, 9 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 Bunker Hill

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $600 to $1,383. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $600
One BR $692
Two BR $863
Three BR $1,112
Four BR $1,383
2024 Fair Market Rents in Bunker Hill, Indiana

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

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 28 93 percent
Two BR 78 81 percent
Rental Units Below FMR in Bunker Hill, Indiana

How many affordable rental units are in Bunker Hill?

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

Federal Program Unit Count
Low Income Housing Tax Credit 32
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Bunker Hill, Indiana

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

Income Based Apartments in Bunker Hill, Indiana

Bunker Hill features 56 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 Bunker Hill, Indiana

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

Housing Choice Vouchers in Bunker Hill, Indiana

On average, Section 8 Housing Choice vouchers pay Bunker Hill landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Bunker Hill.

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

Sourced from federal housing data and AffordableHousingOnline.com research.