What HUD offices serve Fairland, 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 Fairland.
How many renters live in Fairland, Indiana?
The City of Fairland has 639 people living in 330 households.
There are 75 renters living in 41 renter households in this City. Renters make up 11.74 percent of the population living in Fairland.
What is the rental market like in Fairland, Indiana?
There are an estimated 352 housing units in the Fairland area. Of these, 41 units are rental homes, making up 12 percent of the housing market. For every renter household in Fairland, Indiana, there are 1 rental units.
What is the vacancy rate for rentals in Fairland?
The rental vacancy rate in Fairland 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 Fairland for each bedroom size?
Occupied Rental Units by Size in Fairland
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 11 | 3 | 25 | 2 |
Occupied Rental Units by Size in Fairland
A large number of apartments in Fairland 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 Fairland are overburdened by housing costs?
Among renter households in this market, 95 percent have housing cost burden. Further, 22 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 Fairland
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $982 to $2,126. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $982 |
| One BR | $1,145 |
| Two BR | $1,349 |
| Three BR | $1,758 |
| Four BR | $2,126 |
2024 Fair Market Rents in Fairland, Indiana
How many units are rented at Fair Market Rent (FMR) in Fairland?
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 | 11 | 100 percent |
| Two BR | 3 | 100 percent |
Rental Units Below FMR in Fairland, Indiana
How many affordable rental units are in Fairland?
Income Based Apartments in Fairland, Indiana
Fairland 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 Fairland, Indiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fairland.
Housing Choice Vouchers in Fairland, Indiana
On average, Section 8 Housing Choice vouchers pay Fairland landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Fairland.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fairland, Indiana for a two-bedroom apartment is between $1,214 and $1,484.
Sourced from federal housing data and AffordableHousingOnline.com research.
