Affordable Housing In Hobart
Lake County, Indiana

Affordable Housing programs support 90 income based apartments in Hobart where households pay rent based on how much they earn.

There are 0 affordable apartments in Hobart that offer reduced rents to low-income households.

Waiting Lists in Hobart, Indiana

There are no open Section 8 Housing Choice Voucher waiting lists in Hobart. Go to the Indiana Section 8 Waiting Lists page for openings near Hobart.

Lake Park Senior Apartments

51 10th Street West
Hobart, Indiana
$550-1,450
1-2 BR
62+

Linden House Hobart

360 W 61st Ave
Hobart, Indiana
Rent Assisted
62+
Accessible
Elderly Supportive Housing
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Affordable Housing Near Hobart

View affordable apartments and waiting lists in cities near Hobart

City Apartments
Affordable Housing In Cedar Lake, IN Affordable Housing programs support 1 apartment communities in Cedar Lake.
Affordable Housing In Crown Point, IN Affordable Housing programs support 2 apartment communities in Crown Point.
Affordable Housing In East Chicago, IN Affordable Housing programs support 15 apartment communities in East Chicago.
Affordable Housing In Gary, IN Affordable Housing programs support 44 apartment communities in Gary.
Affordable Housing In Hammond, IN Affordable Housing programs support 12 apartment communities in Hammond.
Affordable Housing In Lowell, IN Affordable Housing programs support 2 apartment communities in Lowell.
Affordable Housing In Merrillville, IN Affordable Housing programs support 12 apartment communities in Merrillville.
Affordable Housing In Whiting, IN Affordable Housing programs support 1 apartment communities in Whiting.

Hobart, Indiana Affordable Housing Data

Income Based Apartments in Hobart, Indiana

Hobart features 90 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 Hobart, Indiana

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hobart.

Housing Choice Vouchers in Hobart, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Hobart, Indiana for a two-bedroom apartment is between $900 and $1,100.

2023 Hobart, 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
Hobart, Indiana Fair Market Rent $677 $815 $1,000 $1,227 $1,361
Hobart, Indiana Payment Standard Range $609 to $745 $734 to $897 $900 to $1,100 $1,104 to $1,350 $1,225 to $1,497

Sourced from federal housing data and AffordableHousingOnline.com research.

Hobart, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 90
Total Housing Units with Rental Assistance 90
Percentage of Housing Units Occupied By Renters 26.67%
Average Renter Household Size 2.08
Average Household Size 2.48
Median Household Income $58,246 ±$2,611
Median Rent $859 ±$40
Percentage Of Renters Overburdened 34.49% ± 7.29pp
Total Population 28,943

Population and Household Demographics

Hobart is a city in Lake County, Indiana with a population of 28,943. There are 11,590 households in the city with an average household size of 2.48 persons. 26.67% of households in Hobart are renters.

Income and Rent Overburden in Hobart

The median gross income for households in Hobart is $58,246 a year, or $4,854 a month. The median rent for the city is $859 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hobart, a household making less than $2,863 a month would be considered overburdened when renting an apartment at or above the median rent. 34.49% of households who rent are overburdened in Hobart.

Area Median Income In Hobart

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Hobart, the AMI is calculated from all households within Lake County.

In Hobart, HUD calculates the Area Median Income for a family of four as $85,000

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 Hobart

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 Hobart

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Hobart AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,750 $20,250 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Hobart AMI may qualify for rental assistance programs that target Very Low Income households.
$29,550 $33,800 $38,000 $42,200 $45,600 $49,000 $52,350 $55,750
80% AMI Income Limits
Renters earning up to 80% of the Hobart AMI may qualify for rental assistance programs that target Low Income households.
$47,250 $54,000 $60,750 $67,500 $72,900 $78,300 $83,700 $89,100