Affordable Housing programs support 487 income based apartments in Marshall County where households pay rent based on how much they earn.
There are 190 affordable apartments in Marshall County that offer reduced rents to low-income households.
There are three Section 8 Housing Choice Voucher waiting lists open in Marshall County.
Go to the Indiana Section 8 Waiting Lists page for more openings near Marshall County.
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.
|Marshall County Housing Authority||Section 8 Housing Choice Voucher (HCV)|
|Brightpoint||Section 8 Housing Choice Voucher (HCV)|
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.
There are 190 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marshall County.
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 $746 and $912.
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|
|Marshall County, Indiana Fair Market Rent||$578||$673||$829||$1,127||$1,343|
|Marshall County, Indiana Payment Standard Range||$520 to $636||$606 to $740||$746 to $912||$1,014 to $1,240||$1,209 to $1,477|
Sourced from federal housing data and AffordableHousingOnline.com research.
|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|
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.
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.
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 $71,200
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 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.
|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 Marshall County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Marshall County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Marshall County AMI may qualify for rental assistance programs that target Low Income households.