Affordable Housing In Martin County
7 Low Income Apartment Communities In Martin County
Housing Authorities that serve Martin County
|Hoosier Uplands Economic Development Corporation||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Martin County, Indiana
There are 7 low income housing apartment communities offering 236 affordable apartments for rent in Martin County, Indiana.
Income Based Apartments in Martin County, Indiana
Martin County features 100 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 Martin County, Indiana
There are 136 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Martin County.
Housing Choice Vouchers in Martin County, Indiana
On average, Section 8 Housing Choice vouchers pay Martin County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Martin County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Martin County, Indiana for a two-bedroom apartment is between $659 and $805.
2021 Martin 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|
|Martin County, Indiana Fair Market Rent||$512||$565||$732||$910||$1,267|
|Martin County, Indiana Payment Standard Range||$461 to $563||$509 to $622||$659 to $805||$819 to $1,001||$1,140 to $1,394|
Sourced from federal housing data and AffordableHousingOnline.com research.
Martin County, IN Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||236|
|Total Housing Units with Rental Assistance||100|
|Percentage of Housing Units Occupied By Renters||22.07%|
|Average Renter Household Size||1.86|
|Average Household Size||2.42|
|Median Household Income||$44,589 ±$4,399|
|Median Rent||$521 ±$51|
|Percentage Of Renters Overburdened||26.97% ± 7.98pp|
Population and Household Demographics
Martin County is a county in Indiana with a population of 10,262. There are 4,201 households in the county with an average household size of 2.42 persons. 22.07% of households in Martin County are renters.
Income and Rent Overburden in Martin County
The median gross income for households in Martin County is $44,589 a year, or $3,716 a month. The median rent for the county is $521 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Martin County, a household making less than $1,737 a month would be considered overburdened when renting an apartment at or above the median rent. 26.97% of households who rent are overburdened in Martin County.
Area Median Income In Martin 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 Martin County, HUD calculates the Area Median Income for a family of four as $68,400
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 Martin 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 Martin 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 Martin 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 Martin 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 Martin County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Martin County
Select A City to View its Apartment Communities and Waiting Lists.
|Burns City||The HUD funded Public Housing Agency that serves Burns City is the Hoosier Uplands Economic Development Corporation.|
|Crane||The HUD funded Public Housing Agency that serves Crane is the Hoosier Uplands Economic Development Corporation.|
|Dover Hill||The HUD funded Public Housing Agency that serves Dover Hill is the Hoosier Uplands Economic Development Corporation.|
|Loogootee||The HUD funded Public Housing Agency that serves Loogootee is the Hoosier Uplands Economic Development Corporation.|
|Shoals||The HUD funded Public Housing Agency that serves Shoals is the Hoosier Uplands Economic Development Corporation.|