What HUD offices serve Cedar Lake, 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 Cedar Lake.
How many renters live in Cedar Lake, Indiana?
The City of Cedar Lake has people living in households.
There are renters living in renter households in this City. Renters make up 19.09 percent of the population living in Cedar Lake.
What is the rental market like in Cedar Lake, Indiana?
There are an estimated housing units in the Cedar Lake area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Cedar Lake, Indiana, there are 1.06 rental units.
What is the vacancy rate for rentals in Cedar Lake?
The rental vacancy rate in Cedar Lake is 6 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 Cedar Lake for each bedroom size?
Occupied Rental Units by Size in Cedar Lake
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 16 | 56 | 476 | 334 | 172 |
Occupied Rental Units by Size in Cedar Lake
A large number of apartments in Cedar Lake have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Cedar Lake
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $869 to $1,672. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $869 |
| One BR | $1,027 |
| Two BR | $1,254 |
| Three BR | $1,539 |
| Four BR | $1,672 |
2024 Fair Market Rents in Cedar Lake, Indiana
How many units are rented at Fair Market Rent (FMR) in Cedar Lake?
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 | 16 | 100 percent |
| One BR | 36 | 64 percent |
| Two BR | 247 | 52 percent |
Rental Units Below FMR in Cedar Lake, Indiana
How many affordable rental units are in Cedar Lake?
There are a variety of federal affordable housing programs serving households in Cedar Lake, Indiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Cedar Lake, Indiana
Rental units may be funded in part by multiple federal programs.
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 $1,129 and $1,379.
Sourced from federal housing data and AffordableHousingOnline.com research.