Affordable Housing In Petersburg
Pike County, Indiana

5 Low Income Apartment Communities In Petersburg

Brookfield Apartments

200 W Pike Ave
Petersburg, Indiana

Liberty Apartments

800 N Liberty Ave
Petersburg, Indiana

Sycamore Apartments

111 E Sycamore St
Petersburg, Indiana
Elderly Supportive Housing

The Haven Apartments

8th and Mccoy
Petersburg, Indiana


N 10th Hwy
Petersburg, Indiana
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Section 8 Vouchers, Apartments, and Waiting Lists in Petersburg, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Petersburg, Indiana

Housing Authority Programs
Hoosier Uplands Economic Development Corporation Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Petersburg, Indiana

There are 5 low income housing apartment communities offering 116 affordable apartments for rent in Petersburg, Indiana.

Income Based Apartments in Petersburg, Indiana

Petersburg features 102 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 Petersburg, Indiana

There are 14 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Petersburg.

Housing Choice Vouchers in Petersburg, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Petersburg, Indiana for a two-bedroom apartment is between $664 and $812.

2022 Petersburg, 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
Petersburg, Indiana Fair Market Rent $515 $639 $738 $1,031 $1,035
Petersburg, Indiana Payment Standard Range $464 to $567 $575 to $703 $664 to $812 $928 to $1,134 $932 to $1,139

Sourced from federal housing data and research.

Petersburg, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 116
Total Housing Units with Rental Assistance 102
Percentage of Housing Units Occupied By Renters 33.95%
Average Renter Household Size 2.22
Average Household Size 2.49
Median Household Income $35,918 ±$3,653
Median Rent $533 ±$96
Percentage Of Renters Overburdened 34.55% ± 11.13pp
Total Population 2,592

Population and Household Demographics

Petersburg is a city in Pike County, Indiana with a population of 2,592. There are 972 households in the city with an average household size of 2.49 persons. 33.95% of households in Petersburg are renters.

Income and Rent Overburden in Petersburg

The median gross income for households in Petersburg is $35,918 a year, or $2,993 a month. The median rent for the city is $533 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Petersburg, a household making less than $1,777 a month would be considered overburdened when renting an apartment at or above the median rent. 34.55% of households who rent are overburdened in Petersburg.

Area Median Income In Petersburg

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Petersburg, the AMI is calculated from all households within Pike County.

In Petersburg, HUD calculates the Area Median Income for a family of four as $70,200

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 Petersburg

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 Petersburg

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 Petersburg 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 Petersburg 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 Petersburg 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