Affordable Housing In Pike County
Indiana

9 Low Income Apartment Communities In Pike County

Ginger Hills Apartments

414 Factory Street
Winslow, IN
HCV Welcome

Brookfield Apartments

200 W Pike Ave
Petersburg, IN
Subsidized

Liberty Apartments

800 N Liberty Ave
Petersburg, IN
Subsidized

Sycamore Apartments

111 E Sycamore St
Petersburg, IN
62+
Accessible
Elderly Supportive Housing
Subsidized

Otwell Ruritan Senior Housing Inc I

1 Jefferson St
Otwell, IN
Subsidized

Otwell Ruritan Senior Housing IIi

Jefferson St
Otwell, IN

The Haven Apartments

8th & Mccoy
Petersburg, IN

Poplar

N 10th Hwy
Petersburg, IN
HCV Welcome

Ginger Hills CO : Tina Squires

410 W Factory St
Winslow, IN
Subsidized
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Housing Authorities that serve Pike County

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

Guide To Affordable Housing in Pike County, Indiana

There are 9 low income housing apartment communities offering 184 affordable apartments for rent in Pike County, Indiana. Pike County features 142 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 42 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Pike County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Pike County, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 184
Total Housing Units with Rental Assistance 142
Percentage of Housing Units Occupied By Renters 17.98%
Average Renter Household Size 2.62
Average Household Size 2.49
Median Household Income $44,399 ±$4,302
Median Rent $620 ±$35
Percentage Of Renters Overburdened 29.18% ± 8.61pp
Total Population 12,687

Population and Household Demographics

Pike County is a County in Indiana with a population of 12,687. There are 4,994 households in the county with an average household size of 2.49 persons. 17.98% of households in Pike County are renters.

Income and Rent Overburden in Pike County

The median gross income for households in Pike County is $44,399 a year, or $3,700 a month. The median rent for the county is $620 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pike County, a household making less than $2,067 a month would be considered overburdened when renting an apartment at or above the median rent. 29.18% of households who rent are overburdened in Pike County.1

Area Median Income In Pike 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 Pike County, HUD calculates the Area Median Income for a family of four as $62,400

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 Pike 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 Pike County HUD Rental Assistance in Pike County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,550 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,600
50% of Median $22,600 $25,800 $29,050 $32,250 $34,850 $37,450 $40,000 $42,600
80% of Median $36,150 $41,300 $46,450 $51,600 $55,750 $59,900 $64,000 $68,150
Low Income Housing Tax Credits in Pike County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1995 to 1995, 1 low income apartment communities containing 20 rental apartments have been constructed and made affordable to low income persons in Pike County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Pike County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,600 $25,800 $29,050 $32,250 $34,850 $37,450 $40,000 $42,600
60% of Median $27,120 $30,960 $34,860 $38,700 $41,820 $44,940 $48,000 $51,120

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Pike County is $34,860 a year, or $2,905 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,905 by 30% to get a maximum rent of $872 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $565 $605 $726 $839 $936 $1,033
60% $678 $726 $872 $1,007 $1,124 $1,239
Fair Market Rents in Pike County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$465 $551 $714 $905 $1,117

Cities In Pike County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Petersburg 5 The HUD funded Public Housing Agency that serves Petersburg is the Hoosier Uplands Economic Development Corporation.
Winslow 2 The HUD funded Public Housing Agency that serves Winslow is the Hoosier Uplands Economic Development Corporation.
Otwell 2 The HUD funded Public Housing Agency that serves Otwell is the Hoosier Uplands Economic Development Corporation.
Spurgeon 0 The HUD funded Public Housing Agency that serves Spurgeon is the Hoosier Uplands Economic Development Corporation.