La Paz, Indiana Affordable Housing

Affordable Housing programs support 14 income based apartments in La Paz where households pay rent based on how much they earn.

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

Waiting Lists in La Paz, Indiana

There are three Section 8 Housing Choice Voucher waiting lists open in La Paz.

Go to the Indiana Section 8 Waiting Lists page for more openings near La Paz.

Lapaz Garden Court

110 Cale St
La Paz, Indiana
Call For Rent
1 BR
Rent Assisted
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Affordable Housing Near La Paz

View affordable apartments and waiting lists in cities near La Paz

City Apartments
Plymouth, IN Affordable Housing programs support 9 apartment communities in Plymouth.
Culver, IN Affordable Housing programs support 5 apartment communities in Culver.
Argos, IN Affordable Housing programs support 2 apartment communities in Argos.
Bourbon, IN Affordable Housing programs support 2 apartment communities in Bourbon.
Bremen, IN Affordable Housing programs support 2 apartment communities in Bremen.

Public Housing Agencies Serving La Paz, 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.

Housing Authority Programs
Brightpoint Section 8 Housing Choice Voucher (HCV)
Marshall County Housing Authority Section 8 Housing Choice Voucher (HCV)
Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near La Paz.

La Paz, Indiana Affordable Housing Data

Income Based Apartments in La Paz, Indiana

La Paz features 14 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 La Paz, Indiana

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

Housing Choice Vouchers in La Paz, Indiana

On average, Section 8 Housing Choice vouchers pay La Paz landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in La Paz.

The maximum amount a voucher would pay on behalf of a low-income tenant in La Paz, Indiana for a two-bedroom apartment is between $746 and $912.

2023 La Paz, 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
La Paz, Indiana Fair Market Rent $578 $673 $829 $1,127 $1,343
La Paz, Indiana Payment Standard Range $520 to $636 $606 to $740 $746 to $912 $1,014 to $1,240 $1,209 to $1,477

Sourced from federal housing data and AffordableHousingOnline.com research.

La Paz, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 14
Total Housing Units with Rental Assistance 14
Percentage of Housing Units Occupied By Renters 30%
Average Renter Household Size 2.83
Average Household Size 2.90
Median Household Income $45,500 ±$9,389
Median Rent $739 ±$78
Percentage Of Renters Overburdened 42.42% ± 36.07pp
Total Population 639

Population and Household Demographics

La Paz is a city in Marshall County, Indiana with a population of 639. There are 220 households in the city with an average household size of 2.90 persons. 30% of households in La Paz are renters.

Income and Rent Overburden in La Paz

The median gross income for households in La Paz is $45,500 a year, or $3,792 a month. The median rent for the city is $739 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In La Paz, a household making less than $2,463 a month would be considered overburdened when renting an apartment at or above the median rent. 42.42% of households who rent are overburdened in La Paz.

Area Median Income In La Paz

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 La Paz, the AMI is calculated from all households within Marshall County.

In La Paz, HUD calculates the Area Median Income for a family of four as $71,200

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 La Paz

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 La Paz

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 La Paz AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,650 $18,310 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the La Paz AMI may qualify for rental assistance programs that target Very Low Income households.
$26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $49,200
80% AMI Income Limits
Renters earning up to 80% of the La Paz AMI may qualify for rental assistance programs that target Low Income households.
$41,750 $47,700 $53,650 $59,600 $64,400 $69,150 $73,950 $78,700