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Affordable Housing In Rising Sun
Ohio County, Indiana

5 Low Income Apartment Communities In Rising Sun

Willow Trace Apartments

6974 Morning Sun Lane
Rising Sun, Indiana

Northridge Apartments

1114 Fifth Street
Rising Sun, Indiana

Hoosier Boy and Hoosier Girl

211 S Walnut St
Rising Sun, Indiana

Candlewood Place Apartments

1115 Burgess Ave
Rising Sun, Indiana

Hoosier Haven Apartments

212 S Poplar St
Rising Sun, Indiana
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Housing Authorities that serve Rising Sun

Housing Authority Programs
Southeastern Indiana Economic Opportunity Corporation Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency

Guide To Affordable Housing in Rising Sun, Indiana

There are 5 low income housing apartment communities offering 358 affordable apartments for rent in Rising Sun, Indiana.

Income Based Apartments in Rising Sun, Indiana

Rising Sun features 278 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 Rising Sun, Indiana

There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rising Sun.

Housing Choice Vouchers in Rising Sun, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Rising Sun, Indiana for a two-bedroom apartment is between $779 and $952.

2020 Rising Sun, 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 $568 $658 $865 $1,185 $1,362
Payment Standard Range $511 to $625 $592 to $724 $779 to $952 $1,067 to $1,304 $1,226 to $1,498

Sourced from federal housing data and research.

Rising Sun, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 358
Total Housing Units with Rental Assistance 278
Percentage of Housing Units Occupied By Renters 38.71%
Average Renter Household Size 2.14
Average Household Size 2.42
Median Household Income $37,596 ±$4,091
Median Rent $670 ±$64
Percentage Of Renters Overburdened 43.75% ± 13.86pp
Total Population 2,456

Population and Household Demographics

Rising Sun is a city in Ohio County, Indiana with a population of 2,456. There are 992 households in the city with an average household size of 2.42 persons. 38.71% of households in Rising Sun are renters.

Income and Rent Overburden in Rising Sun

The median gross income for households in Rising Sun is $37,596 a year, or $3,133 a month. The median rent for the city is $670 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rising Sun, a household making less than $2,233 a month would be considered overburdened when renting an apartment at or above the median rent. 43.75% of households who rent are overburdened in Rising Sun.

Area Median Income In Rising Sun

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 Rising Sun, the AMI is calculated from all households within Ohio County.

In Rising Sun, HUD calculates the Area Median Income for a family of four as $86,300

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 Rising Sun

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 Rising Sun

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,150 $20,750 $23,350 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $30,250 $34,550 $38,850 $43,150 $46,650 $50,100 $53,550 $57,000
80% of Median $48,350 $55,250 $62,150 $69,050 $74,600 $80,100 $85,650 $91,150