Low Income Apartments and Affordable Housing For Rent in Oolitic, IN

Discover affordable housing in Oolitic where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Manor View Apartments

608 W 9th St, Oolitic, Indiana 47451

How To Identify Affordable Housing in Oolitic, Indiana

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Aug 15
Open Until Further Notice
devices
calendar_month

Reported On February 23rd, 2024 by Ayat Elkarib

calendar_today Opened: Jan 15
Open Until Further Notice
devices
calendar_month

Reported On July 14th, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Oolitic, Indiana
$16.50/hour
$9.25 (+128%) more than Indiana minimum wage and $9.25 (+128%) more than the Federal minimum wage.
Learn More About Oolitic, Indiana Affordable Housing ↓

What HUD offices serve Oolitic, 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Oolitic, Indiana.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Oolitic, Indiana.

Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near Oolitic.

How many renters live in Oolitic, Indiana?

The City of Oolitic has people living in households.

There are renters living in renter households in this City. Renters make up 27.71 percent of the population living in Oolitic.

What is the rental market like in Oolitic, Indiana?

There are an estimated housing units in the Oolitic area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Oolitic, Indiana, there are 1.16 rental units.

What is the vacancy rate for rentals in Oolitic?

The rental vacancy rate in Oolitic is 14 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Oolitic for each bedroom size?

Occupied Rental Units by Size in Oolitic
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
19 37 125 25 10
Occupied Rental Units by Size in Oolitic

A large number of apartments in Oolitic 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 Oolitic

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $606 to $1,418. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $606
One BR $663
Two BR $871
Three BR $1,057
Four BR $1,418
2024 Fair Market Rents in Oolitic, Indiana

How many units are rented at Fair Market Rent (FMR) in Oolitic?

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 0 100 percent
One BR 35 95 percent
Two BR 86 69 percent
Rental Units Below FMR in Oolitic, Indiana

How many affordable rental units are in Oolitic?

Income Based Apartments in Oolitic, Indiana

Oolitic features 64 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 Oolitic, Indiana

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oolitic.

Housing Choice Vouchers in Oolitic, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Oolitic, Indiana for a two-bedroom apartment is between $784 and $958.

Sourced from federal housing data and AffordableHousingOnline.com research.

Email Signup
Don't Miss A Waiting List Opening