What HUD offices serve Lebanon, 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 Lebanon.
How many renters live in Lebanon, Indiana?
The City of Lebanon has people living in households.
There are renters living in renter households in this City. Renters make up 29.17 percent of the population living in Lebanon.
What is the rental market like in Lebanon, Indiana?
There are an estimated housing units in the Lebanon area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lebanon, Indiana, there are 1.04 rental units.
What is the vacancy rate for rentals in Lebanon?
The rental vacancy rate in Lebanon is 4 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 Lebanon for each bedroom size?
Occupied Rental Units by Size in Lebanon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 0 630 894 564 67 Occupied Rental Units by Size in Lebanon
A large number of apartments in Lebanon have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Lebanon
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 Lebanon, Indiana
How many units are rented at Fair Market Rent (FMR) in Lebanon?
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 One BR 581 92 percent Two BR 808 90 percent Rental Units Below FMR in Lebanon, Indiana
How many affordable rental units are in Lebanon?
There are a variety of federal affordable housing programs serving households in
Lebanon, Indiana including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Section 8 Project-Based Rental Assistance USDA Section 515 Rural Rental Housing Tracked Units by Federal Program in Lebanon, Indiana
Income Based Apartments in Lebanon, Indiana
Lebanon features 194 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 Lebanon, Indiana
There are 283 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lebanon.
Housing Choice Vouchers in Lebanon, Indiana
On average, Section 8 Housing Choice vouchers pay Lebanon landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Lebanon.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lebanon, Indiana for a two-bedroom apartment is between $1,214 and $1,484.
Sourced from federal housing data and AffordableHousingOnline.com research.