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Affordable Housing In Milford
Kosciusko County, Indiana

3 Low Income Apartment Communities In Milford

Leisure Living II

309 E Catherine St
Milford, Indiana
Call For Rent
1-2 BR
Subsidized

Leisure Living I

309 E Catherine St
Milford, Indiana
Call For Rent
1-2 BR

Milford Meadows Pk Housing & Mgt Co

406 W Section Street
Milford, Indiana
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Housing Authorities that serve Milford

Housing Authority Programs
Brightpoint Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Milford, Indiana

There are 3 low income housing apartment communities offering 46 affordable apartments for rent in Milford, Indiana.

Income Based Apartments in Milford, Indiana

Milford features 16 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 Milford, Indiana

There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Milford.

Housing Choice Vouchers in Milford, Indiana

On average, Section 8 Housing Choice vouchers pay Milford landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Milford.

The maximum amount a voucher would pay on behalf of a low-income tenant in Milford, Indiana for a two-bedroom apartment is between $715 and $873.

2021 Milford, 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 $569 $657 $794 $1,030 $1,083
Payment Standard Range $512 to $626 $591 to $723 $715 to $873 $927 to $1,133 $975 to $1,191

Sourced from federal housing data and AffordableHousingOnline.com research.

Milford, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 46
Total Housing Units with Rental Assistance 16
Percentage of Housing Units Occupied By Renters 32.96%
Average Renter Household Size 2.35
Average Household Size 2.63
Median Household Income $38,598 ±$5,760
Median Rent $553 ±$74
Percentage Of Renters Overburdened 38.73% ± 13.77pp
Total Population 1,683

Population and Household Demographics

Milford is a city in Kosciusko County, Indiana with a population of 1,683. There are 619 households in the city with an average household size of 2.63 persons. 32.96% of households in Milford are renters.

Income and Rent Overburden in Milford

The median gross income for households in Milford is $38,598 a year, or $3,217 a month. The median rent for the city is $553 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Milford, a household making less than $1,843 a month would be considered overburdened when renting an apartment at or above the median rent. 38.73% of households who rent are overburdened in Milford.

Area Median Income In Milford

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Milford, the AMI is calculated from all households within Kosciusko County.

In Milford, HUD calculates the Area Median Income for a family of four as $74,700

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 Milford

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 Milford

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,050 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $25,100 $28,700 $32,300 $35,850 $38,750 $41,600 $44,500 $47,350
80% of Median $40,150 $45,900 $51,650 $57,350 $61,950 $66,550 $71,150 $75,750