Affordable Housing In Miami County
Indiana
9 Low Income Apartment Communities In Miami County
- «
- 1
- »
Housing Authorities that serve Miami County
| Housing Authority | Programs |
|---|---|
| Housing Authority of the City of Peru | Section 8 Housing Choice Voucher (HCV); Public Housing |
Guide To Affordable Housing in Miami County, Indiana
There are 9 low income housing apartment communities offering 370 affordable apartments for rent in Miami County, Indiana.
Income Based Apartments in Miami County, Indiana
Miami County features 257 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 Miami County, Indiana
There are 113 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Miami County.
Housing Choice Vouchers in Miami County, Indiana
On average, Section 8 Housing Choice vouchers pay Miami County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Miami County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Miami County, Indiana for a two-bedroom apartment is between $659 and $805.
2021 Miami 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 | $512 | $622 | $732 | $1,005 | $1,206 |
| Payment Standard Range | $461 to $563 | $560 to $684 | $659 to $805 | $905 to $1,106 | $1,085 to $1,327 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Miami County, IN Affordable Housing Snapshot
| Total Affordable Apartment Properties | 9 |
|---|---|
| Total Low Income Apartments | 370 |
| Total Housing Units with Rental Assistance | 257 |
| Percentage of Housing Units Occupied By Renters | 27.03% |
| Average Renter Household Size | 2.55 |
| Average Household Size | 2.60 |
| Median Household Income | $45,184 ±$2,384 |
| Median Rent | $651 ±$23 |
| Percentage Of Renters Overburdened | 38.81% ± 5.05pp |
| Total Population | 36,211 |
Population and Household Demographics
Miami County is a county in Indiana with a population of 36,211. There are 13,164 households in the county with an average household size of 2.60 persons. 27.03% of households in Miami County are renters.
Income and Rent Overburden in Miami County
The median gross income for households in Miami County is $45,184 a year, or $3,765 a month. The median rent for the county is $651 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Miami County, a household making less than $2,170 a month would be considered overburdened when renting an apartment at or above the median rent. 38.81% of households who rent are overburdened in Miami County.
Area Median Income In Miami 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 Miami County, HUD calculates the Area Median Income for a family of four as $61,400
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 Miami 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 Miami County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% of Median | $13,750 | $17,240 | $21,720 | $26,200 | $30,680 | $35,160 | $39,640 | $43,100 |
| 50% of Median | $22,900 | $26,150 | $29,400 | $32,650 | $35,300 | $37,900 | $40,500 | $43,100 |
| 80% of Median | $36,600 | $41,800 | $47,050 | $52,250 | $56,450 | $60,650 | $64,800 | $69,000 |
Cities In Miami County
Select A City to View its Apartment Communities and Waiting Lists.
| City | Served By |
|---|---|
| Amboy | The HUD funded Public Housing Agency that serves Amboy is the Housing Authority of the City of Peru. |
| Bunker Hill | The HUD funded Public Housing Agency that serves Bunker Hill is the Housing Authority of the City of Peru. |
| Denver | The HUD funded Public Housing Agency that serves Denver is the Housing Authority of the City of Peru. |
| Macy | The HUD funded Public Housing Agency that serves Macy is the Housing Authority of the City of Peru. |
| Mexico | The HUD funded Public Housing Agency that serves Mexico is the Housing Authority of the City of Peru. |
| Peru | The HUD funded Public Housing Agency that serves Peru is the Housing Authority of the City of Peru. |
