Affordable Housing In Floyd County
Indiana

21 Low Income Apartment Communities In Floyd County

Carriage House New Albany

4202 Grant Line Rd
New Albany, Indiana
Call For Rent
1-3 BR
Subsidized

Valley Ridge Apartments

200 Village Dr W
New Albany, Indiana
Call For Rent
1-3 BR
Subsidized

Muir Manor Apartments

1302 E Spring St
New Albany, Indiana
Subsidized
62+
Accessible
Elderly Supportive Housing

Cross Creek Apartments

2606 Green Valley Rd
New Albany, Indiana
Subsidized

Center Place IIi

200 Mosier Ave
New Albany, Indiana
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Manor House Apartments

715 Scribner Dr
New Albany, Indiana
Subsidized
62+
Accessible
Elderly Supportive Housing

The Meadows of Guerin

8037 Unruh Dr
Georgetown, Indiana
Subsidized
62+
Accessible
Elderly Supportive Housing

Evansville Townhomes

Various Sites within Evansville
Evansville, Indiana
Accepts Vouchers

1112 - 1122 Cristiani Way

1112 Cristiani Way
Georgetown, Indiana
Accepts Vouchers

Riverside Terrace

1 Riverside Dr
New Albany, Indiana

Housing Authorities that serve Floyd County

Housing Authority Programs
Community Action of Southern Indiana Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Floyd County

Housing Authority Programs
Housing Authority of the City of New Albany Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Floyd County, Indiana

There are 21 low income housing apartment communities offering 1,802 affordable apartments for rent in Floyd County, Indiana.

Income Based Apartments in Floyd County, Indiana

Floyd County features 1,496 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 Floyd County, Indiana

There are 306 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Floyd County.

Housing Choice Vouchers in Floyd County, Indiana

On average, Section 8 Housing Choice vouchers pay Floyd County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Floyd County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Floyd County, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 21
Total Low Income Apartments 1,802
Total Housing Units with Rental Assistance 1,496
Percentage of Housing Units Occupied By Renters 27.62%
Average Renter Household Size 2.36
Average Household Size 2.57
Median Household Income $54,914 ±$1,800
Median Rent $723 ±$18
Percentage Of Renters Overburdened 45.9% ± 3.87pp
Total Population 75,900

Population and Household Demographics

Floyd County is a County in Indiana with a population of 75,900. There are 29,088 households in the county with an average household size of 2.57 persons. 27.62% of households in Floyd County are renters.

Income and Rent Overburden in Floyd County

The median gross income for households in Floyd County is $54,914 a year, or $4,576 a month. The median rent for the county is $723 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Floyd County, a household making less than $2,410 a month would be considered overburdened when renting an apartment at or above the median rent. 45.9% of households who rent are overburdened in Floyd County.1

Area Median Income In Floyd County

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.

In Floyd County, HUD calculates the Area Median Income for a family of four as $76,400

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 Floyd County

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 Floyd County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,050 $18,350 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,750 $30,600 $34,400 $38,200 $41,300 $44,350 $47,400 $50,450
80% of Median $42,800 $48,900 $55,000 $61,100 $66,000 $70,900 $75,800 $80,700

Cities In Floyd County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
New Albany 17 The HUD funded Public Housing Agency that serves New Albany is the Housing Authority of the City of New Albany.
Georgetown 3 The HUD funded Public Housing Agency that serves Georgetown is the Community Action of Southern Indiana.
Galena 0 The HUD funded Public Housing Agency that serves Galena is the Community Action of Southern Indiana.
Greenville 0 The HUD funded Public Housing Agency that serves Greenville is the Community Action of Southern Indiana.