What HUD offices serve Posey 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.
Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near Posey County.
How many renters live in Posey County, Indiana?
The County of Posey County has 25,226 people living in 10,179 households.
There are 3,907 renters living in 1,964 renter households in this County. Renters make up 15.49 percent of the population living in Posey County.
What is the rental market like in Posey County, Indiana?
There are an estimated 11,068 housing units in the Posey County area. Of these, 2,103 units are rental homes, making up 19 percent of the housing market. For every renter household in Posey County, Indiana, there are 1 rental units.
What is the vacancy rate for rentals in Posey County?
The rental vacancy rate in Posey County is 5 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 Posey County for each bedroom size?
Occupied Rental Units by Size in Posey County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 24 | 681 | 643 | 500 | 116 |
Occupied Rental Units by Size in Posey County
A large number of apartments in Posey County 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 Posey County are overburdened by housing costs?
Among renter households in this market, 36 percent have housing cost burden. Further, 24 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 Posey County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $766 to $1,558. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $766 |
| One BR | $850 |
| Two BR | $1,070 |
| Three BR | $1,360 |
| Four BR | $1,558 |
2024 Fair Market Rents in Posey County, Indiana
How many units are rented at Fair Market Rent (FMR) in Posey County?
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 | 18 | 75 percent |
| One BR | 578 | 85 percent |
| Two BR | 466 | 72 percent |
Rental Units Below FMR in Posey County, Indiana
How many affordable rental units are in Posey County?
There are a variety of federal affordable housing programs serving households in Posey County, Indiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 89 |
| Public Housing | 83 |
| Section 8 Project-Based Rental Assistance | 117 |
| USDA Section 515 Rural Rental Housing | 90 |
Tracked Units by Federal Program in Posey County, Indiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Posey County, Indiana
Posey County features 189 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 Posey County, Indiana
There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Posey County.
Housing Choice Vouchers in Posey County, Indiana
On average, Section 8 Housing Choice vouchers pay Posey County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Posey County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Posey County, Indiana for a two-bedroom apartment is between $963 and $1,177.
Sourced from federal housing data and AffordableHousingOnline.com research.
