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Affordable Housing In Franklin County
Indiana

14 Low Income Apartment Communities In Franklin County

Valley House Flats

451 Progress Street
Brookville, Indiana
Call For Rent
Studio-2 BR
55+

Canterbury House Apartments - Batesville

27 Arlington Dr
Batesville, Indiana
$457-792
1-3 BR

Laurel Park Apartments

124 S Clay St
Laurel, Indiana
$492-817
1-3 BR

Lammers Pike

68 Chateau Blvd
Batesville, Indiana
Call For Rent
2 BR

Romweber Flats

322 South St
Batesville, Indiana
$681-809
1-2 BR

Riverfront Apartments Olynger Management

1390 Fairfield Ave
Brookville, Indiana
Subsidized

Mcnair Manor

201 Country Club Dr
Batesville, Indiana
Subsidized

Laurel Park Apartments

Clay and Pearl Sts
Laurel, Indiana
Subsidized

Whitewater Place Apartments

296 Webers Ln
Brookville, Indiana
Subsidized

Brookville Lake Senior Housing

11051 State Road 101
Brookville, Indiana

Housing Authorities that serve Franklin County

Housing Authority Programs
Franklin County Housing Authority Section 8 Housing Choice Voucher (HCV)
Southeastern Indiana Economic Opportunity Corporation Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency

Guide To Affordable Housing in Franklin County, Indiana

There are 14 low income housing apartment communities offering 1,010 affordable apartments for rent in Franklin County, Indiana.

Income Based Apartments in Franklin County, Indiana

Franklin County features 731 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 Franklin County, Indiana

There are 279 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Franklin County.

Housing Choice Vouchers in Franklin County, Indiana

On average, Section 8 Housing Choice vouchers pay Franklin County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Franklin County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Franklin County, Indiana for a two-bedroom apartment is between $648 and $792.

2020 Franklin County, 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 $469 $547 $720 $913 $1,031
Payment Standard Range $422 to $516 $492 to $602 $648 to $792 $822 to $1,004 $928 to $1,134

Sourced from federal housing data and AffordableHousingOnline.com research.

Franklin County, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 1,010
Total Housing Units with Rental Assistance 731
Percentage of Housing Units Occupied By Renters 20.08%
Average Renter Household Size 2.35
Average Household Size 2.57
Median Household Income $51,748 ±$2,963
Median Rent $649 ±$49
Percentage Of Renters Overburdened 32.41% ± 6.49pp
Total Population 22,935

Population and Household Demographics

Franklin County is a county in Indiana with a population of 22,935. There are 8,848 households in the county with an average household size of 2.57 persons. 20.08% of households in Franklin County are renters.

Income and Rent Overburden in Franklin County

The median gross income for households in Franklin County is $51,748 a year, or $4,312 a month. The median rent for the county is $649 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Franklin County, a household making less than $2,163 a month would be considered overburdened when renting an apartment at or above the median rent. 32.41% of households who rent are overburdened in Franklin County.

Area Median Income In Franklin 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 Franklin County, HUD calculates the Area Median Income for a family of four as $69,500

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 Franklin 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 Franklin County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,600 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $24,350 $27,800 $31,300 $34,750 $37,550 $40,350 $43,100 $45,900
80% of Median $38,950 $44,500 $50,050 $55,600 $60,050 $64,500 $68,950 $73,400

Cities In Franklin County

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

City Served By
Batesville The HUD funded Public Housing Agencies that serve Batesville are the Franklin County Housing Authority and Southeastern Indiana Economic Opportunity Corporation.
Brookville The HUD funded Public Housing Agencies that serve Brookville are the Franklin County Housing Authority and Southeastern Indiana Economic Opportunity Corporation.
Cedar Grove The HUD funded Public Housing Agencies that serve Cedar Grove are the Southeastern Indiana Economic Opportunity Corporation and Franklin County Housing Authority.
Laurel The HUD funded Public Housing Agencies that serve Laurel are the Franklin County Housing Authority and Southeastern Indiana Economic Opportunity Corporation.
Metamora The HUD funded Public Housing Agencies that serve Metamora are the Southeastern Indiana Economic Opportunity Corporation and Franklin County Housing Authority.
Mount Carmel The HUD funded Public Housing Agencies that serve Mount Carmel are the Southeastern Indiana Economic Opportunity Corporation and Franklin County Housing Authority.
New Trenton The HUD funded Public Housing Agencies that serve New Trenton are the Southeastern Indiana Economic Opportunity Corporation and Franklin County Housing Authority.
Oldenburg The HUD funded Public Housing Agencies that serve Oldenburg are the Franklin County Housing Authority and Southeastern Indiana Economic Opportunity Corporation.