Affordable Housing In Owen County
Indiana

Affordable Housing programs support 142 income based apartments in Owen County where households pay rent based on how much they earn.

There are 62 affordable apartments in Owen County that offer reduced rents to low-income households.

Waiting Lists in Owen County, Indiana

There are no open Section 8 Housing Choice Voucher waiting lists in Owen County. Go to the Indiana Section 8 Waiting Lists page for openings near Owen County.

Greenbriar Senior Apartments

770 E Franklin St
Spencer, Indiana
Income Based
1 BR
Accessible
62+

Williamsburg Apartments Spencer

1 N Main St
Spencer, Indiana
Rent Assisted

Sweet Owen

410 E Jefferson St
Spencer, Indiana
Rent Assisted

Rusty Manor

53 E Wayne St
Spencer, Indiana
Affordable

Gosport Apartments

7 S 3rd St
Gosport, Indiana
Rent Assisted

Kingston Ridge Apartments

582 N 5th St
Gosport, Indiana
Affordable

Pines Apartments of Spencer

25 Pines Drive
Spencer, Indiana
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Affordable Housing In Owen County

View affordable apartments and waiting lists in cities near Owen County

City Apartments
Affordable Housing In Gosport, IN Affordable Housing programs support 2 apartment communities in Gosport.
Affordable Housing In Spencer, IN Affordable Housing programs support 5 apartment communities in Spencer.

Public Housing Agencies Serving Owen County, 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.

Housing Authority Programs
South Central Community Action Program Section 8 Housing Choice Voucher (HCV)
Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near Owen County.

Owen County, Indiana Affordable Housing Data

Income Based Apartments in Owen County, Indiana

Owen County features 142 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 Owen County, Indiana

There are 62 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Owen County.

Housing Choice Vouchers in Owen County, Indiana

On average, Section 8 Housing Choice vouchers pay Owen County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Owen County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Owen County, Indiana for a two-bedroom apartment is between $788 and $964.

2023 Owen County, 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
Owen County, Indiana Fair Market Rent $644 $671 $876 $1,205 $1,492
Owen County, Indiana Payment Standard Range $580 to $708 $604 to $738 $788 to $964 $1,085 to $1,326 $1,343 to $1,641

Sourced from federal housing data and AffordableHousingOnline.com research.

Owen County, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 204
Total Housing Units with Rental Assistance 142
Percentage of Housing Units Occupied By Renters 20.36%
Average Renter Household Size 2.44
Average Household Size 2.46
Median Household Income $43,948 ±$1,902
Median Rent $678 ±$44
Percentage Of Renters Overburdened 33.26% ± 7.13pp
Total Population 21,192

Population and Household Demographics

Owen County is a county in Indiana with a population of 21,192. There are 8,553 households in the county with an average household size of 2.46 persons. 20.36% of households in Owen County are renters.

Income and Rent Overburden in Owen County

The median gross income for households in Owen County is $43,948 a year, or $3,662 a month. The median rent for the county is $678 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Owen County, a household making less than $2,260 a month would be considered overburdened when renting an apartment at or above the median rent. 33.26% of households who rent are overburdened in Owen County.

Area Median Income In Owen 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 Owen County, HUD calculates the Area Median Income for a family of four as $69,400

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 Owen 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 HUD Rental Assistance in Owen County

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Owen County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,650 $18,310 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Owen County AMI may qualify for rental assistance programs that target Very Low Income households.
$26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $49,200
80% AMI Income Limits
Renters earning up to 80% of the Owen County AMI may qualify for rental assistance programs that target Low Income households.
$41,750 $47,700 $53,650 $59,600 $64,400 $69,150 $73,950 $78,700