What HUD offices serve North Vernon, 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 Vernon.
How many renters live in North Vernon, Indiana?
The City of North Vernon has 6,935 people living in 2,939 households.
There are 2,738 renters living in 1,231 renter households in this City. Renters make up 39.48 percent of the population living in North Vernon.
What is the rental market like in North Vernon, Indiana?
There are an estimated 3,113 housing units in the North Vernon area. Of these, 1,276 units are rental homes, making up 41 percent of the housing market. For every renter household in North Vernon, Indiana, there are 1 rental units.
What is the vacancy rate for rentals in North Vernon?
The rental vacancy rate in North Vernon 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 Vernon for each bedroom size?
Occupied Rental Units by Size in North Vernon
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 10 | 229 | 572 | 374 | 46 |
Occupied Rental Units by Size in North Vernon
A large number of apartments in North Vernon have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in North Vernon are overburdened by housing costs?
Among renter households in this market, 50 percent have housing cost burden. Further, 13 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in North Vernon
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,447. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $630 |
| One BR | $657 |
| Two BR | $863 |
| Three BR | $1,216 |
| Four BR | $1,447 |
2024 Fair Market Rents in North Vernon, Indiana
How many units are rented at Fair Market Rent (FMR) in North Vernon?
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 |
| Studio | 5 | 50 percent |
| One BR | 151 | 66 percent |
| Two BR | 349 | 61 percent |
Rental Units Below FMR in North Vernon, Indiana
How many affordable rental units are in North Vernon?
There are a variety of federal affordable housing programs serving households in North Vernon, Indiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 158 |
| Section 811 Supportive Housing for Persons with Disabilities | 22 |
| USDA Section 515 Rural Rental Housing | 124 |
Tracked Units by Federal Program in North Vernon, Indiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in North Vernon, Indiana
North Vernon features 191 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 Vernon, Indiana
There are 158 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in North Vernon.
Housing Choice Vouchers in North Vernon, Indiana
On average, Section 8 Housing Choice vouchers pay North Vernon landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in North Vernon.
The maximum amount a voucher would pay on behalf of a low-income tenant in North Vernon, Indiana for a two-bedroom apartment is between $777 and $949.
Sourced from federal housing data and AffordableHousingOnline.com research.
