Low Income Apartments and Affordable Housing For Rent in Gosport, IN

Discover affordable housing in Gosport where there are 2+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Gosport Apartments

7 S 3rd St, Gosport, Indiana 47433

Kingston Ridge Apartments

582 N 5th St, Gosport, Indiana 47433

calendar_today Opened: Jul 14
Open Until Further Notice

Reported On January 11th, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Gosport, Indiana
$17.03/hour
$9.78 (+135%) more than Indiana minimum wage and $9.78 (+135%) more than the Federal minimum wage.
Learn More About Gosport, Indiana Affordable Housing ↓

What HUD offices serve Gosport, 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Gosport, Indiana.

Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near Gosport.

How many renters live in Gosport, Indiana?

The City of Gosport has 1,057 people living in 345 households.

There are 317 renters living in 154 renter households in this City. Renters make up 29.99 percent of the population living in Gosport.

What is the rental market like in Gosport, Indiana?

There are an estimated 382 housing units in the Gosport area. Of these, 160 units are rental homes, making up 42 percent of the housing market. For every renter household in Gosport, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Gosport?

The rental vacancy rate in Gosport is 4 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 Gosport for each bedroom size?

Occupied Rental Units by Size in Gosport
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 29 86 32 7
Occupied Rental Units by Size in Gosport

A large number of apartments in Gosport 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 Gosport are overburdened by housing costs?

Among renter households in this market, 31 percent have housing cost burden. Further, 21 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 Gosport

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $683 to $1,488. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $683
One BR $684
Two BR $899
Three BR $1,146
Four BR $1,488
2024 Fair Market Rents in Gosport, Indiana

How many units are rented at Fair Market Rent (FMR) in Gosport?

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 25 86 percent
Two BR 39 45 percent
Rental Units Below FMR in Gosport, Indiana

How many affordable rental units are in Gosport?

There are a variety of federal affordable housing programs serving households in Gosport, Indiana including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 31
Tracked Units by Federal Program in Gosport, Indiana

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Gosport, Indiana

Gosport features 10 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 Gosport, Indiana

There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gosport.

Housing Choice Vouchers in Gosport, Indiana

On average, Section 8 Housing Choice vouchers pay Gosport landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Gosport.

The maximum amount a voucher would pay on behalf of a low-income tenant in Gosport, Indiana for a two-bedroom apartment is between $809 and $989.

Sourced from federal housing data and AffordableHousingOnline.com research.