What HUD offices serve Selma, 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 Selma.
How many renters live in Selma, Indiana?
The City of Selma has 859 people living in 322 households.
There are 268 renters living in 93 renter households in this City. Renters make up 31.2 percent of the population living in Selma.
What is the rental market like in Selma, Indiana?
There are an estimated 341 housing units in the Selma area. Of these, 93 units are rental homes, making up 27 percent of the housing market. For every renter household in Selma, Indiana, there are 1 rental units.
What is the vacancy rate for rentals in Selma?
The rental vacancy rate in Selma is 0 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 Selma for each bedroom size?
Occupied Rental Units by Size in Selma
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 4 | 41 | 48 | 0 |
Occupied Rental Units by Size in Selma
A large number of apartments in Selma 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 Selma are overburdened by housing costs?
Among renter households in this market, 14 percent have housing cost burden. Further, 3 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 Selma
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $708 to $1,383. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $708 |
| One BR | $784 |
| Two BR | $952 |
| Three BR | $1,280 |
| Four BR | $1,383 |
2024 Fair Market Rents in Selma, Indiana
How many units are rented at Fair Market Rent (FMR) in Selma?
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 |
| One BR | 4 | 100 percent |
| Two BR | 26 | 63 percent |
Rental Units Below FMR in Selma, Indiana
How many affordable rental units are in Selma?
There are a variety of federal affordable housing programs serving households in Selma, Indiana including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 16 |
Tracked Units by Federal Program in Selma, Indiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Selma, Indiana
Selma features 16 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 Selma, Indiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Selma.
Housing Choice Vouchers in Selma, Indiana
On average, Section 8 Housing Choice vouchers pay Selma landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Selma.
The maximum amount a voucher would pay on behalf of a low-income tenant in Selma, Indiana for a two-bedroom apartment is between $857 and $1,047.
Sourced from federal housing data and AffordableHousingOnline.com research.
