Affordable Housing In Madison County
Indiana


Waiting List Openings In Madison County

Waiting ListStatus
Interlocal Community Action Program Inc Housing Choice Voucher Open Soon

39 Low Income Apartment Communities In Madison County

Longfellow Plaza Apartments

319 E 12th Street
Anderson, IN
62+
Accessible
Disabled Supportive Housing
Elderly Supportive Housing
Subsidized
Supportive Housing

Parkview Place

28 West 12th Street
Anderson, IN
Income Based
1-2 BR

Fairington Anderson

1430 E 60th St
Anderson, IN
Call For Rent
1 BR
62+
Accessible
Subsidized

Central School Senior Apartments - Anderson

2120 Central Ave
Anderson, IN
Call For Rent
1-2 BR
55+
HCV Welcome

Lincolnwood Estates

306 Lincolnwood Drive
Alexandria, IN
HCV Welcome

Ashbury Pointe Apartments

201 Ashwood Drive
Pendleton, IN
HCV Welcome

Apartments Living

308 W 19th St
Anderson, IN
62+
Accessible
Elderly Supportive Housing
Subsidized

Group Living

1715 Main St
Anderson, IN
62+
Accessible
Elderly Supportive Housing
Subsidized

Group Living II

3115 Brown St
Anderson, IN
Accessible
Disabled Supportive Housing
Subsidized

The Towers

524 W 53rd St
Anderson, IN
62+
Accessible
Elderly Supportive Housing
Subsidized

There are 39 low income housing apartment complexes which contain 2,529 affordable apartments for rent in Madison County. Many of these rental apartments are income based housing with 783 apartments that set rent based on your income. In Madison County, HUD housing programs support 150 rental assistance apartments through programs like Project-based Section 8. There are 1,716 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Madison County

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

Other Housing Authorities located in Madison County

Housing Authority Programs
Anderson Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Housing Authority of the City of Elwood Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Madison County, Indiana

Madison County, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 39
Total Low Income Apartments 2,529
Total Rent Assisted Apartments 783
Percentage of Housing Units Occupied By Renters 30.94%
Average Renter Household Size 2.37
Total Population 130,280
Housing Units 51,274
Average Household Size 2.41
Median Household Income $44,195 ±$1,168
Median Rent $702 ±$16
Percentage Of Renters Overburdened 46.2% ± 2.72pp

Population and Household Demographics

Madison County is a County in Indiana with a population of 130,280. There are 51,274 households in the county with an average household size of 2.41 persons. 30.94% of households in Madison County are renters.

Income and Rent Overburden in Madison County

The median gross income for households in Madison County is $44,195 a year, or $3,683 a month. The median rent for the county is $702 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Madison County, a household making less than $2,340 a month would be considered overburdened when renting an apartment at or above the median rent. 46.2% of households who rent are overburdened in Madison County.1

Area Median Income In Madison 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 Madison County, HUD calculates the Area Median Income for a family of four as $61,500

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 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 Madison County HUD Rental Assistance in Madison County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,550 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,600
50% of Median $22,600 $25,800 $29,050 $32,250 $34,850 $37,450 $40,000 $42,600
80% of Median $36,150 $41,300 $46,450 $51,600 $55,750 $59,900 $64,000 $68,150
Low Income Housing Tax Credits in Madison County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2009, 24 low income apartment communities containing 1,195 rental apartments have been constructed and made affordable to low income persons in Madison County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Madison County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,600 $25,800 $29,050 $32,250 $34,850 $37,450 $40,000 $42,600
60% of Median $27,120 $30,960 $34,860 $38,700 $41,820 $44,940 $48,000 $51,120

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Madison County is $34,860 a year, or $2,905 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,905 by 30% to get a maximum rent of $872 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $565 $605 $726 $839 $936 $1,033
60% $678 $726 $872 $1,007 $1,124 $1,239
Fair Market Rents in Madison County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$508 $610 $788 $1,023 $1,156

Cities In Madison County

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

City Listings Served By
Anderson 28 The HUD funded Public Housing Agency that serves Anderson is the Anderson Housing Authority.
Pendleton 3 The HUD funded Public Housing Agency that serves Pendleton is the Interlocal Community Action Program Inc.
Elwood 3 The HUD funded Public Housing Agency that serves Elwood is the Housing Authority of the City of Elwood.
Alexandria 4 The HUD funded Public Housing Agency that serves Alexandria is the Interlocal Community Action Program Inc.
Summitville 1 The HUD funded Public Housing Agency that serves Summitville is the Interlocal Community Action Program Inc.
Country Club Heights 0 The HUD funded Public Housing Agency that serves Country Club Heights is the Interlocal Community Action Program Inc.
Edgewood 0 The HUD funded Public Housing Agency that serves Edgewood is the Interlocal Community Action Program Inc.
Frankton 0 The HUD funded Public Housing Agency that serves Frankton is the Interlocal Community Action Program Inc.
Ingalls 0 The HUD funded Public Housing Agency that serves Ingalls is the Interlocal Community Action Program Inc.
Lapel 0 The HUD funded Public Housing Agency that serves Lapel is the Interlocal Community Action Program Inc.
Markleville 0 The HUD funded Public Housing Agency that serves Markleville is the Interlocal Community Action Program Inc.
Orestes 0 The HUD funded Public Housing Agency that serves Orestes is the Interlocal Community Action Program Inc.
River Forest 0 The HUD funded Public Housing Agency that serves River Forest is the Interlocal Community Action Program Inc.
Woodlawn Heights 0 The HUD funded Public Housing Agency that serves Woodlawn Heights is the Interlocal Community Action Program Inc.