Affordable Housing In Ripley County
13 Low Income Apartment Communities In Ripley County
Housing Authorities that serve Ripley County
|Southeastern Indiana Economic Opportunity Corporation||Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency|
Guide To Affordable Housing in Ripley County, Indiana
There are 13 low income housing apartment communities offering 334 affordable apartments for rent in Ripley County, Indiana.
Income Based Apartments in Ripley County, Indiana
Ripley County features 196 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 Ripley County, Indiana
There are 114 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ripley County.
Housing Choice Vouchers in Ripley County, Indiana
On average, Section 8 Housing Choice vouchers pay Ripley County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Ripley County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ripley County, Indiana for a two-bedroom apartment is between $643 and $785.
2020 Ripley 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|
|Fair Market Rent||$471||$575||$714||$938||$1,017|
|Payment Standard Range||$424 to $518||$518 to $633||$643 to $785||$844 to $1,032||$915 to $1,119|
Sourced from federal housing data and AffordableHousingOnline.com research.
Ripley County, IN Affordable Housing Snapshot
|Total Affordable Apartment Properties||13|
|Total Low Income Apartments||334|
|Total Housing Units with Rental Assistance||196|
|Percentage of Housing Units Occupied By Renters||22.75%|
|Average Renter Household Size||2.22|
|Average Household Size||2.58|
|Median Household Income||$51,170 ±$1,792|
|Median Rent||$678 ±$35|
|Percentage Of Renters Overburdened||35.31% ± 6.33pp|
Population and Household Demographics
Ripley County is a county in Indiana with a population of 28,612. There are 10,921 households in the county with an average household size of 2.58 persons. 22.75% of households in Ripley County are renters.
Income and Rent Overburden in Ripley County
The median gross income for households in Ripley County is $51,170 a year, or $4,264 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 Ripley County, a household making less than $2,260 a month would be considered overburdened when renting an apartment at or above the median rent. 35.31% of households who rent are overburdened in Ripley County.
Area Median Income In Ripley 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 Ripley County, HUD calculates the Area Median Income for a family of four as $66,600
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 Ripley 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 Ripley County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,000||$17,240||$21,720||$26,200||$30,680||$35,160||$39,640||$44,000|
|50% of Median||$23,350||$26,650||$30,000||$33,300||$36,000||$38,650||$41,300||$44,000|
|80% of Median||$37,350||$42,650||$48,000||$53,300||$57,600||$61,850||$66,100||$70,400|
Cities In Ripley County
Select A City to View its Apartment Communities and Waiting Lists.
|Holton||The HUD funded Public Housing Agency that serves Holton is the Southeastern Indiana Economic Opportunity Corporation.|
|Milan||The HUD funded Public Housing Agency that serves Milan is the Southeastern Indiana Economic Opportunity Corporation.|
|Napoleon||The HUD funded Public Housing Agency that serves Napoleon is the Southeastern Indiana Economic Opportunity Corporation.|
|Osgood||The HUD funded Public Housing Agency that serves Osgood is the Southeastern Indiana Economic Opportunity Corporation.|
|Sunman||The HUD funded Public Housing Agency that serves Sunman is the Southeastern Indiana Economic Opportunity Corporation.|
|Versailles||The HUD funded Public Housing Agency that serves Versailles is the Southeastern Indiana Economic Opportunity Corporation.|