What HUD offices serve Hendricks 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 Hendricks County.
How many renters live in Hendricks County, Indiana?
The County of Hendricks County has 182,534 people living in 66,564 households.
There are 34,012 renters living in 14,565 renter households in this County. Renters make up 18.63 percent of the population living in Hendricks County.
What is the rental market like in Hendricks County, Indiana?
There are an estimated 67,177 housing units in the Hendricks County area. Of these, 15,404 units are rental homes, making up 23 percent of the housing market. For every renter household in Hendricks County, Indiana, there are 1 rental units.
What is the vacancy rate for rentals in Hendricks County?
The rental vacancy rate in Hendricks County is 5 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 Hendricks County for each bedroom size?
Occupied Rental Units by Size in Hendricks County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 455 | 2,623 | 6,452 | 3,954 | 839 |
Occupied Rental Units by Size in Hendricks County
A large number of apartments in Hendricks 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 Hendricks County are overburdened by housing costs?
Among renter households in this market, 41 percent have housing cost burden. Further, 18 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 Hendricks County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $982 to $2,126. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $982 |
| One BR | $1,145 |
| Two BR | $1,349 |
| Three BR | $1,758 |
| Four BR | $2,126 |
2024 Fair Market Rents in Hendricks County, Indiana
How many units are rented at Fair Market Rent (FMR) in Hendricks 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 | 233 | 51 percent |
| One BR | 1,469 | 56 percent |
| Two BR | 3,822 | 59 percent |
Rental Units Below FMR in Hendricks County, Indiana
How many affordable rental units are in Hendricks County?
There are a variety of federal affordable housing programs serving households in Hendricks County, Indiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 1,037 |
| Section 8 Project-Based Rental Assistance | 163 |
| Section 202 Supportive Housing for the Elderly | 1 |
| USDA Section 515 Rural Rental Housing | 122 |
Tracked Units by Federal Program in Hendricks County, Indiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Hendricks County, Indiana
Hendricks County features 288 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 Hendricks County, Indiana
There are 903 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hendricks County.
Housing Choice Vouchers in Hendricks County, Indiana
On average, Section 8 Housing Choice vouchers pay Hendricks County landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Hendricks County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hendricks County, Indiana for a two-bedroom apartment is between $1,214 and $1,484.
Sourced from federal housing data and AffordableHousingOnline.com research.
