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Affordable Housing In Henry County
Indiana

16 Low Income Apartment Communities In Henry County

New Castle Elderly Housing

100 Woodside Manor Ct
New Castle, Indiana

Fosters Landing Apartments

317 Fosters Way
New Castle, Indiana
Accepts Vouchers

Academy Place Apartments

340 N Adams St
Knightstown, Indiana
Subsidized

Country Park Apts

110 E. North Street
Mooreland, Indiana

Towne Park Apts.

275 N. 7th Street
Middletown, Indiana

Rose Park Apts.

482 Central Ave
Middletown, Indiana

Housing Authorities that serve Henry County

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

Guide To Affordable Housing in Henry County, Indiana

There are 16 low income housing apartment communities offering 845 affordable apartments for rent in Henry County, Indiana.

Income Based Apartments in Henry County, Indiana

Henry County features 501 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.

The maximum amount a voucher would pay on behalf of a low-income tenant in Henry County, Indiana for a two-bedroom apartment is between $645 and $789.

2020 Henry 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 $502 $580 $717 $958 $1,009
Payment Standard Range $452 to $552 $522 to $638 $645 to $789 $862 to $1,054 $908 to $1,110

Sourced from federal housing data and AffordableHousingOnline.com research.

Henry County, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 16
Total Low Income Apartments 845
Total Housing Units with Rental Assistance 501
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.

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 $60,600

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 $13,750 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $43,100
50% of Median $22,900 $26,150 $29,400 $32,650 $35,300 $37,900 $40,500 $43,100
80% of Median $36,600 $41,800 $47,050 $52,250 $56,450 $60,650 $64,800 $69,000

Cities In Henry County

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

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