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Affordable Housing In Madison
Jefferson County, Indiana

Waiting List Openings In Madison

Waiting ListStatus
Ohio Valley Opportunities Housing Choice Voucher Open Soon

9 Low Income Apartment Communities In Madison

Windridge Apartments

2855 Windridge Drive
Madison, Indiana
Income Based
1-4 BR

Presidential Estates

2855 Windridge Dr
Madison, Indiana
Income Based
1-3 BR

Madison Heritage Apartments

101 W 2nd Street
Madison, Indiana
Call For Rent
Studio-1 BR
Elderly Supportive Housing

Willowview Apartments

3100 Bevcher Dr
Madison, Indiana
Disabled Supportive Housing

Riverside Tower Lofts

1001 W. 2nd Street
Madison, Indiana

Pleasant View of Hanover

Hwy 7 N
Madison, Indiana

Valley Court Apartments

559 Ovo Dr
Madison, Indiana

Rivertrace Apartments

150 Broadway St
Madison, Indiana

Clifton Heights Apartments

401 Virginia Ave
Madison, Indiana
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Housing Authorities that serve Madison

Housing Authority Programs
Ohio Valley Opportunities Section 8 Housing Choice Voucher (HCV); Mainstream Voucher

Guide To Affordable Housing in Madison, Indiana

There are 9 low income housing apartment communities offering 376 affordable apartments for rent in Madison, Indiana.

Income Based Apartments in Madison, Indiana

Madison features 193 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 Madison, Indiana

There are 83 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Madison.

Housing Choice Vouchers in Madison, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Madison, Indiana for a two-bedroom apartment is between $679 and $829.

2020 Madison, 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 $597 $601 $754 $1,029 $1,101
Payment Standard Range $537 to $657 $541 to $661 $679 to $829 $926 to $1,132 $991 to $1,211

Sourced from federal housing data and research.

Madison, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 376
Total Housing Units with Rental Assistance 193
Percentage of Housing Units Occupied By Renters 39.26%
Average Renter Household Size 2.10
Average Household Size 2.11
Median Household Income $46,153 ±$3,256
Median Rent $669 ±$73
Percentage Of Renters Overburdened 42.34% ± 10.13pp
Total Population 12,054

Population and Household Demographics

Madison is a city in Jefferson County, Indiana with a population of 12,054. There are 5,036 households in the city with an average household size of 2.11 persons. 39.26% of households in Madison are renters.

Income and Rent Overburden in Madison

The median gross income for households in Madison is $46,153 a year, or $3,846 a month. The median rent for the city is $669 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Madison, a household making less than $2,230 a month would be considered overburdened when renting an apartment at or above the median rent. 42.34% of households who rent are overburdened in Madison.

Area Median Income In Madison

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 Madison, the AMI is calculated from all households within Jefferson County.

In Madison, HUD calculates the Area Median Income for a family of four as $64,100

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 Madison

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 Madison

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