Affordable Housing In Henry County
Indiana

13 Low Income Apartment Communities In Henry County

New Castle Elderly Housing

100 Woodside Manor Ct
New Castle, IN

Fosters Landing Apartments

317 Fosters Way
New Castle, IN
Accepts Vouchers

Academy Place Apartments

340 N Adams St
Knightstown, IN
Subsidized

Housing Authorities that serve Henry County

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

Other Housing Authorities located in Henry County

Housing Authority Programs
New Castle Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Henry County, Indiana

There are 13 low income housing apartment communities offering 790 affordable apartments for rent in Henry County, Indiana.

Income Based Apartments in Henry County, Indiana

Henry County features 446 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 Henry County, Indiana

There are 344 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Henry County.

Housing Choice Vouchers in Henry County, Indiana

On average, Section 8 Housing Choice vouchers pay Henry County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Henry County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Henry County, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 790
Total Housing Units with Rental Assistance 446
Percentage of Housing Units Occupied By Renters 26.54%
Average Renter Household Size 2.29
Average Household Size 2.54
Median Household Income $41,855 ±$1,443
Median Rent $626 ±$21
Percentage Of Renters Overburdened 44.36% ± 4.38pp
Total Population 49,146

Population and Household Demographics

Henry County is a County in Indiana with a population of 49,146. There are 18,010 households in the county with an average household size of 2.54 persons. 26.54% of households in Henry County are renters.

Income and Rent Overburden in Henry County

The median gross income for households in Henry County is $41,855 a year, or $3,488 a month. The median rent for the county is $626 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Henry County, a household making less than $2,087 a month would be considered overburdened when renting an apartment at or above the median rent. 44.36% of households who rent are overburdened in Henry County.1

Area Median Income In Henry 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 Henry County, HUD calculates the Area Median Income for a family of four as $58,600

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 Henry 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 Henry County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,550 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,600
50% of Median $22,600 $25,800 $29,050 $32,250 $34,850 $37,450 $40,000 $42,600
80% of Median $36,150 $41,300 $46,450 $51,600 $55,750 $59,900 $64,000 $68,150

Cities In Henry County

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

City Listings Served By
New Castle 10 The HUD funded Public Housing Agency that serves New Castle is the New Castle Housing Authority.
Knightstown 3 The HUD funded Public Housing Agency that serves Knightstown is the Interlocal Community Action Program Inc.
Middletown 0 The HUD funded Public Housing Agency that serves Middletown is the Interlocal Community Action Program Inc.
Blountsville 0 The HUD funded Public Housing Agency that serves Blountsville is the Interlocal Community Action Program Inc.
Cadiz 0 The HUD funded Public Housing Agency that serves Cadiz is the Interlocal Community Action Program Inc.
Dunreith 0 The HUD funded Public Housing Agency that serves Dunreith is the Interlocal Community Action Program Inc.
Greensboro 0 The HUD funded Public Housing Agency that serves Greensboro is the Interlocal Community Action Program Inc.
Kennard 0 The HUD funded Public Housing Agency that serves Kennard is the Interlocal Community Action Program Inc.
Lewisville 0 The HUD funded Public Housing Agency that serves Lewisville is the Interlocal Community Action Program Inc.
Mooreland 0 The HUD funded Public Housing Agency that serves Mooreland is the Interlocal Community Action Program Inc.
Mount Summit 0 The HUD funded Public Housing Agency that serves Mount Summit is the Interlocal Community Action Program Inc.
Spiceland 0 The HUD funded Public Housing Agency that serves Spiceland is the Interlocal Community Action Program Inc.
Springport 0 The HUD funded Public Housing Agency that serves Springport is the Interlocal Community Action Program Inc.
Straughn 0 The HUD funded Public Housing Agency that serves Straughn is the Interlocal Community Action Program Inc.
Sulphur Springs 0 The HUD funded Public Housing Agency that serves Sulphur Springs is the Interlocal Community Action Program Inc.