Affordable Housing In Marshall County
21 Low Income Apartment Communities In Marshall County
Housing Authorities that serve Marshall County
|Marshall County Housing Authority||Section 8 Housing Choice Voucher (HCV)|
|Brightpoint||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Marshall County, Indiana
There are 21 low income housing apartment communities offering 677 affordable apartments for rent in Marshall County, Indiana.
Income Based Apartments in Marshall County, Indiana
Marshall County features 487 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 Marshall County, Indiana
There are 190 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marshall County.
Housing Choice Vouchers in Marshall County, Indiana
On average, Section 8 Housing Choice vouchers pay Marshall County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Marshall County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Marshall County, Indiana for a two-bedroom apartment is between $643 and $785.
2020 Marshall 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|
|Fair Market Rent||$500||$580||$714||$955||$1,163|
|Payment Standard Range||$450 to $550||$522 to $638||$643 to $785||$860 to $1,051||$1,047 to $1,279|
Sourced from federal housing data and AffordableHousingOnline.com research.
Marshall County, IN Affordable Housing Snapshot
|Total Affordable Apartment Properties||21|
|Total Low Income Apartments||677|
|Total Housing Units with Rental Assistance||487|
|Percentage of Housing Units Occupied By Renters||23.12%|
|Average Renter Household Size||2.40|
|Average Household Size||2.67|
|Median Household Income||$48,485 ±$2,296|
|Median Rent||$674 ±$19|
|Percentage Of Renters Overburdened||37.75% ± 4.9pp|
Population and Household Demographics
Marshall County is a county in Indiana with a population of 46,962. There are 17,324 households in the county with an average household size of 2.67 persons. 23.12% of households in Marshall County are renters.
Income and Rent Overburden in Marshall County
The median gross income for households in Marshall County is $48,485 a year, or $4,040 a month. The median rent for the county is $674 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marshall County, a household making less than $2,247 a month would be considered overburdened when renting an apartment at or above the median rent. 37.75% of households who rent are overburdened in Marshall County.
Area Median Income In Marshall 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 Marshall County, HUD calculates the Area Median Income for a family of four as $65,900
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 Marshall 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 Marshall County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$13,850||$17,240||$21,720||$26,200||$30,680||$35,160||$39,640||$43,500|
|50% of Median||$23,100||$26,400||$29,700||$32,950||$35,600||$38,250||$40,900||$43,500|
|80% of Median||$36,900||$42,200||$47,450||$52,700||$56,950||$61,150||$65,350||$69,600|
Cities In Marshall County
Select A City to View its Apartment Communities and Waiting Lists.
|Argos||The HUD funded Public Housing Agencies that serve Argos are the Marshall County Housing Authority and Brightpoint.|
|Bourbon||The HUD funded Public Housing Agencies that serve Bourbon are the Marshall County Housing Authority and Brightpoint.|
|Bremen||The HUD funded Public Housing Agencies that serve Bremen are the Marshall County Housing Authority and Brightpoint.|
|Culver||The HUD funded Public Housing Agencies that serve Culver are the Marshall County Housing Authority and Brightpoint.|
|Koontz Lake||The HUD funded Public Housing Agencies that serve Koontz Lake are the Brightpoint and Marshall County Housing Authority.|
|La Paz||The HUD funded Public Housing Agencies that serve La Paz are the Brightpoint and Marshall County Housing Authority.|
|Plymouth||The HUD funded Public Housing Agencies that serve Plymouth are the Marshall County Housing Authority and Brightpoint.|