Affordable Housing In Hancock County
Indiana

12 Low Income Apartment Communities In Hancock County

Broadway Village Apartments

751 GUNSTRA LANE
Greenfield, IN
Call For Rent
1-3 BR
Accepts Vouchers

Reflections at Bluestone Senior Housing

346 North Blue Road
Greenfield, IN
Call For Rent
1 BR
Accepts Vouchers
62+

Stonehurst Pointe Apartments

2220 Stone Crossing Way
Greenfield, IN
Accepts Vouchers

Good Shepherd Community

301 W Green Meadows Dr
Greenfield, IN
Subsidized
62+
Accessible
Elderly Supportive Housing

German Church Senior Apartments

11000 East Washington St. Cumberland, IN
Cumberland, IN
Accepts Vouchers
62+

Broadway Village Apartments

751 GUNSTRA LANE
Greenfield, IN

Greenfield Village

1650 Village Dr E
Greenfield, IN
Accepts Vouchers

Lincoln Park Apartments

600 W North St
Greenfield, IN
Accepts Vouchers

South Park Apartments

100 N 1st St
Shirley, IN
Subsidized

Prairie Meadows Apartments

2915 Switch Grass Dr
Greenfield, IN
Accepts Vouchers

Housing Authorities that serve Hancock County

Housing Authority Programs
Interlocal Community Action Program Inc Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Hancock County, Indiana

There are 12 low income housing apartment communities offering 623 affordable apartments for rent in Hancock County, Indiana.

Income Based Apartments in Hancock County, Indiana

Hancock County features 99 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 Hancock County, Indiana

There are 470 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hancock County.

Housing Choice Vouchers in Hancock County, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Hancock County, Indiana for a two-bedroom apartment is between $851 and $1,041.

2020 Hancock 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 $674 $778 $946 $1,256 $1,439
Payment Standard Range $607 to $741 $700 to $856 $851 to $1,041 $1,130 to $1,382 $1,295 to $1,583

Sourced from federal housing data and AffordableHousingOnline.com research.

Hancock County, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 623
Total Housing Units with Rental Assistance 99
Percentage of Housing Units Occupied By Renters 21.76%
Average Renter Household Size 2.35
Average Household Size 2.68
Median Household Income $66,606 ±$1,913
Median Rent $832 ±$58
Percentage Of Renters Overburdened 38.45% ± 5.99pp
Total Population 71,328

Population and Household Demographics

Hancock County is a County in Indiana with a population of 71,328. There are 26,340 households in the county with an average household size of 2.68 persons. 21.76% of households in Hancock County are renters.

Income and Rent Overburden in Hancock County

The median gross income for households in Hancock County is $66,606 a year, or $5,551 a month. The median rent for the county is $832 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hancock County, a household making less than $2,773 a month would be considered overburdened when renting an apartment at or above the median rent. 38.45% of households who rent are overburdened in Hancock County.1

Area Median Income In Hancock 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 Hancock County, HUD calculates the Area Median Income for a family of four as $79,900

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 Hancock 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 Hancock County HUD Rental Assistance in Hancock County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,800 $19,200 $21,600 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $28,000 $32,000 $36,000 $39,950 $43,150 $46,350 $49,550 $52,750
80% of Median $44,750 $51,150 $57,550 $63,900 $69,050 $74,150 $79,250 $84,350

Cities In Hancock County

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

City Listings Served By
Greenfield 9 The HUD funded Public Housing Agency that serves Greenfield is the Interlocal Community Action Program Inc.
Shirley 2 The HUD funded Public Housing Agency that serves Shirley is the Interlocal Community Action Program Inc.
Mccordsville 0 The HUD funded Public Housing Agency that serves Mccordsville is the Interlocal Community Action Program Inc.
Cumberland 1 The HUD funded Public Housing Agency that serves Cumberland is the Interlocal Community Action Program Inc.
New Palestine 0 The HUD funded Public Housing Agency that serves New Palestine is the Interlocal Community Action Program Inc.
Spring Lake 0 The HUD funded Public Housing Agency that serves Spring Lake is the Interlocal Community Action Program Inc.
Wilkinson 0 The HUD funded Public Housing Agency that serves Wilkinson is the Interlocal Community Action Program Inc.