Affordable Housing In Morgan County
Indiana

11 Low Income Apartment Communities In Morgan County

Heather Heights Apartments

950 Cloverleaf Court
Martinsville, IN
Income Based
1-2 BR
Subsidized

The Retreat at Mineral Springs

110 N. Main St.
Martinsville, IN
Call For Rent
Studio-2 BR
62+
HCV Welcome

Ken-Mar Apartments

210 W Pike St
Martinsville, IN
62+
Accessible
Elderly Supportive Housing
Subsidized

Morgan House II

470 N Main St
Martinsville, IN
Subsidized

Morgan House I

490 N Main St
Martinsville, IN
Subsidized

Spring Hill Apartments I

301 Springmill Dr
Mooresville, IN
Subsidized

Pines Apartments of Martinsville

33 Pine Dr
Martinsville, IN
Subsidized

Country View Apartments - 2

338 Country View Ct
Martinsville, IN
HCV Welcome

Towne View Apartments

5 Crosby Rd
Mooresville, IN
HCV Welcome

308 Rogers Road

308 Rogers Rd
Martinsville, IN
HCV Welcome

Housing Authorities that serve Morgan County

Housing Authority Programs
South Central Community Action Program Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Morgan County, Indiana

There are 11 low income housing apartment communities offering 626 affordable apartments for rent in Morgan County, Indiana. Morgan County features 436 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 190 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Morgan County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Morgan County, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 626
Total Housing Units with Rental Assistance 436
Percentage of Housing Units Occupied By Renters 23.64%
Average Renter Household Size 2.58
Average Household Size 2.68
Median Household Income $55,432 ±$2,665
Median Rent $754 ±$25
Percentage Of Renters Overburdened 41.95% ± 4.12pp
Total Population 69,403

Population and Household Demographics

Morgan County is a County in Indiana with a population of 69,403. There are 25,609 households in the county with an average household size of 2.68 persons. 23.64% of households in Morgan County are renters.

Income and Rent Overburden in Morgan County

The median gross income for households in Morgan County is $55,432 a year, or $4,619 a month. The median rent for the county is $754 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Morgan County, a household making less than $2,513 a month would be considered overburdened when renting an apartment at or above the median rent. 41.95% of households who rent are overburdened in Morgan County.1

Area Median Income In Morgan 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 Morgan County, HUD calculates the Area Median Income for a family of four as $79,900

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 Morgan 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 Morgan County HUD Rental Assistance in Morgan County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,800 $19,200 $21,600 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $28,000 $32,000 $36,000 $39,950 $43,150 $46,350 $49,550 $52,750
80% of Median $44,750 $51,150 $57,550 $63,900 $69,050 $74,150 $79,250 $84,350
Low Income Housing Tax Credits in Morgan County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1990 to 1998, 4 low income apartment communities containing 234 rental apartments have been constructed and made affordable to low income persons in Morgan County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Morgan County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $28,000 $32,000 $36,000 $39,950 $43,150 $46,350 $49,550 $52,750
60% of Median $33,600 $38,400 $43,200 $47,940 $51,780 $55,620 $59,460 $63,300

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Morgan County is $43,200 a year, or $3,600 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,600 by 30% to get a maximum rent of $1,080 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $700 $750 $900 $1,039 $1,159 $1,279
60% $840 $900 $1,080 $1,247 $1,391 $1,535
Fair Market Rents in Morgan County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$674 $778 $946 $1,256 $1,439

Cities In Morgan County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Martinsville 8 The HUD funded Public Housing Agency that serves Martinsville is the South Central Community Action Program.
Morgantown 1 The HUD funded Public Housing Agency that serves Morgantown is the South Central Community Action Program.
Mooresville 2 The HUD funded Public Housing Agency that serves Mooresville is the South Central Community Action Program.
Bethany 0 The HUD funded Public Housing Agency that serves Bethany is the South Central Community Action Program.
Brooklyn 0 The HUD funded Public Housing Agency that serves Brooklyn is the South Central Community Action Program.
Monrovia 0 The HUD funded Public Housing Agency that serves Monrovia is the South Central Community Action Program.
Painted Hills 0 The HUD funded Public Housing Agency that serves Painted Hills is the South Central Community Action Program.
Paragon 0 The HUD funded Public Housing Agency that serves Paragon is the South Central Community Action Program.