Affordable Housing In Fort Wayne
60 Low Income Apartment Communities In Fort Wayne
Housing Authorities that serve Fort Wayne
|Fort Wayne Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV)|
Other Housing Authorities located in Fort Wayne
|Decatur Housing Authority||Section 8 Housing Choice Voucher (HCV)|
|Brightpoint||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Fort Wayne, Indiana
There are 60 low income housing apartment communities offering 5,600 affordable apartments for rent in Fort Wayne, Indiana.
Income Based Apartments in Fort Wayne, Indiana
Fort Wayne features 2,893 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 Fort Wayne, Indiana
There are 2,527 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fort Wayne.
Housing Choice Vouchers in Fort Wayne, Indiana
On average, Section 8 Housing Choice vouchers pay Fort Wayne landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Fort Wayne.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fort Wayne, Indiana for a two-bedroom apartment is between $690 and $844.
2020 Fort Wayne, 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||$511||$611||$767||$988||$1,084|
|Payment Standard Range||$460 to $562||$550 to $672||$690 to $844||$889 to $1,087||$976 to $1,192|
Sourced from federal housing data and AffordableHousingOnline.com research.
Fort Wayne, IN Affordable Housing Snapshot
|Total Affordable Apartment Properties||60|
|Total Low Income Apartments||5,600|
|Total Housing Units with Rental Assistance||2,893|
|Percentage of Housing Units Occupied By Renters||37.38%|
|Average Renter Household Size||2.27|
|Average Household Size||2.47|
|Median Household Income||$43,774 ±$927|
|Median Rent||$670 ±$8|
|Percentage Of Renters Overburdened||42.92% ± 1.74pp|
Population and Household Demographics
Fort Wayne is a City in Allen County, Indiana with a population of 257,059. There are 102,273 households in the city with an average household size of 2.47 persons. 37.38% of households in Fort Wayne are renters.
Income and Rent Overburden in Fort Wayne
The median gross income for households in Fort Wayne is $43,774 a year, or $3,648 a month. The median rent for the city is $670 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fort Wayne, a household making less than $2,233 a month would be considered overburdened when renting an apartment at or above the median rent. 42.92% of households who rent are overburdened in Fort Wayne.1
Area Median Income In Fort Wayne
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 Fort Wayne, the AMI is calculated from all households within Allen County.
In Fort Wayne, HUD calculates the Area Median Income for a family of four as $68,800
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 Fort Wayne
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 Fort Wayne HUD Rental Assistance in Fort Wayne
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,500||$16,910||$21,330||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$24,100||$27,550||$31,000||$34,400||$37,200||$39,950||$42,700||$45,450|
|80% of Median||$38,550||$44,050||$49,550||$55,050||$59,500||$63,900||$68,300||$72,700|