What HUD offices serve Gibson County, 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 Gibson County.
How many renters live in Gibson County, Indiana?
The County of Gibson County has 33,006 people living in 12,978 households.
There are 7,060 renters living in 3,107 renter households in this County. Renters make up 21.39 percent of the population living in Gibson County.
What is the rental market like in Gibson County, Indiana?
There are an estimated 14,658 housing units in the Gibson County area. Of these, 3,339 units are rental homes, making up 23 percent of the housing market. For every renter household in Gibson County, Indiana, there are 1 rental units.
What is the vacancy rate for rentals in Gibson County?
The rental vacancy rate in Gibson County is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Gibson County for each bedroom size?
Occupied Rental Units by Size in Gibson County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 132 | 627 | 1,434 | 672 | 132 |
Occupied Rental Units by Size in Gibson County
A large number of apartments in Gibson County 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 Gibson County are overburdened by housing costs?
Among renter households in this market, 29 percent have housing cost burden. Further, 12 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 Gibson County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $723 to $1,176. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $723 |
| One BR | $727 |
| Two BR | $883 |
| Three BR | $1,172 |
| Four BR | $1,176 |
2024 Fair Market Rents in Gibson County, Indiana
How many units are rented at Fair Market Rent (FMR) in Gibson County?
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 | 90 | 68 percent |
| One BR | 463 | 74 percent |
| Two BR | 673 | 47 percent |
Rental Units Below FMR in Gibson County, Indiana
How many affordable rental units are in Gibson County?
There are a variety of federal affordable housing programs serving households in Gibson County, Indiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 66 |
| Section 8 Project-Based Rental Assistance | 277 |
| Section 811 Supportive Housing for Persons with Disabilities | 12 |
| USDA Section 515 Rural Rental Housing | 134 |
Tracked Units by Federal Program in Gibson County, Indiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Gibson County, Indiana
Gibson County features 327 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 Gibson County, Indiana
There are 74 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gibson County.
Housing Choice Vouchers in Gibson County, Indiana
On average, Section 8 Housing Choice vouchers pay Gibson County landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Gibson County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Gibson County, Indiana for a two-bedroom apartment is between $795 and $971.
Sourced from federal housing data and AffordableHousingOnline.com research.
