What HUD offices serve North Salem, Indiana?
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.
Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near North Salem.
How many renters live in North Salem, Indiana?
The City of North Salem has people living in households.
There are renters living in renter households in this City. Renters make up 13.65 percent of the population living in North Salem.
What is the rental market like in North Salem, Indiana?
There are an estimated housing units in the North Salem area. Of these, units are rental homes, making up percent of the housing market. For every renter household in North Salem, Indiana, there are 1 rental units.
What is the vacancy rate for rentals in North Salem?
The rental vacancy rate in North Salem is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in North Salem for each bedroom size?
Occupied Rental Units by Size in North Salem
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 8 | 5 | 20 | 0 |
Occupied Rental Units by Size in North Salem
A large number of apartments in North Salem have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in North Salem
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $982 to $2,126. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $982 |
| One BR | $1,145 |
| Two BR | $1,349 |
| Three BR | $1,758 |
| Four BR | $2,126 |
2024 Fair Market Rents in North Salem, Indiana
How many units are rented at Fair Market Rent (FMR) in North Salem?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 8 | 100 percent |
| Two BR | 1 | 20 percent |
Rental Units Below FMR in North Salem, Indiana
How many affordable rental units are in North Salem?
There are a variety of federal affordable housing programs serving households in North Salem, Indiana including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in North Salem, Indiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in North Salem, Indiana
North Salem features 10 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 North Salem, Indiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in North Salem.
Housing Choice Vouchers in North Salem, Indiana
On average, Section 8 Housing Choice vouchers pay North Salem landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in North Salem.
The maximum amount a voucher would pay on behalf of a low-income tenant in North Salem, Indiana for a two-bedroom apartment is between $1,214 and $1,484.
Sourced from federal housing data and AffordableHousingOnline.com research.