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Affordable Housing In Cedar Lake
Lake County, Indiana

1 Low Income Apartment Communities In Cedar Lake

Oaks X Cedar Lake Rrh Landmark Managment

9730 W 132nd Avenue
Cedar Lake, Indiana
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Guide To Affordable Housing in Cedar Lake, Indiana

There are 1 low income housing apartment communities offering 24 affordable apartments for rent in Cedar Lake, Indiana.

Income Based Apartments in Cedar Lake, Indiana

Cedar Lake 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 Cedar Lake, Indiana

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

Housing Choice Vouchers in Cedar Lake, Indiana

On average, Section 8 Housing Choice vouchers pay Cedar Lake landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cedar Lake.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cedar Lake, Indiana for a two-bedroom apartment is between $825 and $1,009.

2020 Cedar Lake, Indiana Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $597 $746 $917 $1,143 $1,292
Payment Standard Range $537 to $657 $671 to $821 $825 to $1,009 $1,029 to $1,257 $1,163 to $1,421

Sourced from federal housing data and AffordableHousingOnline.com research.

Cedar Lake, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 24
Total Housing Units with Rental Assistance 24
Percentage of Housing Units Occupied By Renters 20.88%
Average Renter Household Size 2.73
Average Household Size 2.83
Median Household Income $61,651 ±$4,763
Median Rent $830 ±$95
Percentage Of Renters Overburdened 40.99% ± 12.78pp
Total Population 11,757

Population and Household Demographics

Cedar Lake is a city in Lake County, Indiana with a population of 11,757. There are 4,148 households in the city with an average household size of 2.83 persons. 20.88% of households in Cedar Lake are renters.

Income and Rent Overburden in Cedar Lake

The median gross income for households in Cedar Lake is $61,651 a year, or $5,138 a month. The median rent for the city is $830 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cedar Lake, a household making less than $2,767 a month would be considered overburdened when renting an apartment at or above the median rent. 40.99% of households who rent are overburdened in Cedar Lake.

Area Median Income In Cedar Lake

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Cedar Lake, the AMI is calculated from all households within Lake County.

In Cedar Lake, HUD calculates the Area Median Income for a family of four as $74,900

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Cedar Lake

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Cedar Lake

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,750 $18,000 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $26,250 $30,000 $33,750 $37,450 $40,450 $43,450 $46,450 $49,450
80% of Median $41,950 $47,950 $53,950 $59,900 $64,700 $69,500 $74,300 $79,100