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Affordable Housing In Madison County
Indiana

37 Low Income Apartment Communities In Madison County

Duck Creek Apartments

239 N 13th St
Elwood, Indiana

Fairview Park Apartments

924 Sun Valley Dr
Anderson, Indiana

Building Blocks of Anderson

1412 W 3rd St
Anderson, Indiana

Forest Glen Apartments

1373 S L St
Elwood, Indiana

Alexandria Manor Apartments

600 E Jackson St
Alexandria, Indiana

Hoosier Woods II Apartments

3833 Hoosier Woods Ct
Anderson, Indiana

Housing Authorities that serve Madison County

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

Guide To Affordable Housing in Madison County, Indiana

There are 37 low income housing apartment communities offering 2,451 affordable apartments for rent in Madison County, Indiana.

Income Based Apartments in Madison County, Indiana

Madison County features 783 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 County, Indiana

There are 1,638 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Madison County.

Housing Choice Vouchers in Madison County, Indiana

On average, Section 8 Housing Choice vouchers pay Madison County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Madison County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Madison County, Indiana for a two-bedroom apartment is between $724 and $884.

2021 Madison County, 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
Madison County, Indiana Fair Market Rent $558 $619 $804 $1,038 $1,104
Madison County, Indiana Payment Standard Range $502 to $614 $557 to $681 $724 to $884 $934 to $1,142 $994 to $1,214

Sourced from federal housing data and AffordableHousingOnline.com research.

Madison County, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 37
Total Low Income Apartments 2,451
Total Housing Units with Rental Assistance 783
Percentage of Housing Units Occupied By Renters 30.94%
Average Renter Household Size 2.37
Average Household Size 2.41
Median Household Income $44,195 ±$1,168
Median Rent $702 ±$16
Percentage Of Renters Overburdened 46.2% ± 2.72pp
Total Population 130,280

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.

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 $58,000

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 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 HUD Rental Assistance in Madison County

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 Madison County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,750 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $43,100
50% AMI Income Limits
Renters earning up to 50% of the Madison County AMI may qualify for rental assistance programs that target Very Low Income households.
$22,900 $26,150 $29,400 $32,650 $35,300 $37,900 $40,500 $43,100
80% AMI Income Limits
Renters earning up to 80% of the Madison County AMI may qualify for rental assistance programs that target Low Income households.
$36,600 $41,800 $47,050 $52,250 $56,450 $60,650 $64,800 $69,000

Cities In Madison County

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

City Served By
Alexandria The HUD funded Public Housing Agency that serves Alexandria is the Interlocal Community Action Program Inc.
Anderson The HUD funded Public Housing Agencies that serve Anderson are the Anderson Housing Authority and Interlocal Community Action Program Inc.
Country Club Heights The HUD funded Public Housing Agency that serves Country Club Heights is the Interlocal Community Action Program Inc.
Edgewood The HUD funded Public Housing Agency that serves Edgewood is the Interlocal Community Action Program Inc.
Elwood The HUD funded Public Housing Agencies that serve Elwood are the Housing Authority of the City of Elwood and Interlocal Community Action Program Inc.
Frankton The HUD funded Public Housing Agency that serves Frankton is the Interlocal Community Action Program Inc.
Ingalls The HUD funded Public Housing Agency that serves Ingalls is the Interlocal Community Action Program Inc.
Lapel The HUD funded Public Housing Agency that serves Lapel is the Interlocal Community Action Program Inc.
Markleville The HUD funded Public Housing Agency that serves Markleville is the Interlocal Community Action Program Inc.
Orestes The HUD funded Public Housing Agency that serves Orestes is the Interlocal Community Action Program Inc.
Pendleton The HUD funded Public Housing Agency that serves Pendleton is the Interlocal Community Action Program Inc.
River Forest The HUD funded Public Housing Agency that serves River Forest is the Interlocal Community Action Program Inc.
Summitville The HUD funded Public Housing Agency that serves Summitville is the Interlocal Community Action Program Inc.
Woodlawn Heights The HUD funded Public Housing Agency that serves Woodlawn Heights is the Interlocal Community Action Program Inc.