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

Discover affordable housing in Elnora where there are 1+ 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.

Musselman Country Side Est

156 W Indian St, Elnora, Indiana

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 Elnora, Indiana
$16.63/hour
$9.38 (+129%) more than Indiana minimum wage and $9.38 (+129%) more than the Federal minimum wage.
Learn More About Elnora, Indiana Affordable Housing ↓

What HUD offices serve Elnora, 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 Elnora, Indiana.

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

How many renters live in Elnora, Indiana?

The City of Elnora has 528 people living in 214 households.

There are 159 renters living in 65 renter households in this City. Renters make up 30.11 percent of the population living in Elnora.

What is the rental market like in Elnora, Indiana?

There are an estimated 255 housing units in the Elnora area. Of these, 65 units are rental homes, making up 25 percent of the housing market. For every renter household in Elnora, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Elnora?

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

Occupied Rental Units by Size in Elnora
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
5 13 21 22 4
Occupied Rental Units by Size in Elnora

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

Among renter households in this market, 35 percent have housing cost burden. Further, 25 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 Elnora

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $669 to $1,169. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $669
One BR $673
Two BR $878
Three BR $1,088
Four BR $1,169
2024 Fair Market Rents in Elnora, Indiana

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

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 0 100 percent
One BR 7 54 percent
Two BR 15 71 percent
Rental Units Below FMR in Elnora, Indiana

How many affordable rental units are in Elnora?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Elnora, Indiana

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

Income Based Apartments in Elnora, Indiana

Elnora features 12 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 Elnora, Indiana

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

Housing Choice Vouchers in Elnora, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Elnora, Indiana for a two-bedroom apartment is between $790 and $966.

Sourced from federal housing data and AffordableHousingOnline.com research.