Affordable Housing In Seymour
Jackson County, Indiana

8 Low Income Apartment Communities In Seymour

Oak Hill Apartments

1113 East Oak Street
Seymour, IN
HCV Welcome

Oak Hill Apartments II

643 Miller Ln
Seymour, IN
HCV Welcome

Oakview Apartments

711 Marley Ln
Seymour, IN
Accessible
Disabled Supportive Housing
Subsidized

Jamestown Apartments Seymour

745 Miller Ln
Seymour, IN
Subsidized

Seymour Obrien

475 S Obrien St
Seymour, IN
Subsidized

Sycamore Springs I

2650 Bent Tree Ln
Seymour, IN
HCV Welcome

Village Apartments of Seymour II

1127 E Oak St
Seymour, IN
Subsidized

Shields Crossing

1107 E Oak St
Seymour, IN
HCV Welcome
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There are 8 low income housing apartment complexes which contain 500 affordable apartments for rent in Seymour. Many of these rental apartments are income based housing with 258 apartments that set rent based on your income. In Seymour, HUD housing programs support 206 rental assistance apartments through programs like Project-based Section 8. There are 242 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Seymour

Housing Authority Programs
Seymour Housing Authority Section 8 Housing Choice Voucher (HCV)
Human Services Inc. Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Seymour, Indiana

Seymour, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 500
Total Rent Assisted Apartments 258
Percentage of Housing Units Occupied By Renters 36.42%
Average Renter Household Size 2.48
Total Population 18,861
Housing Units 7,482
Average Household Size 2.47
Median Household Income $44,310 ±$3,672
Median Rent $720 ±$50
Percentage Of Renters Overburdened 40.84% ± 6.87pp

Population and Household Demographics

Seymour is a City in Jackson County, Indiana with a population of 18,861. There are 7,482 households in the city with an average household size of 2.47 persons. 36.42% of households in Seymour are renters.

Income and Rent Overburden in Seymour

The median gross income for households in Seymour is $44,310 a year, or $3,693 a month. The median rent for the city is $720 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Seymour, a household making less than $2,400 a month would be considered overburdened when renting an apartment at or above the median rent. 40.84% of households who rent are overburdened in Seymour.1

Area Median Income In Seymour

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 Seymour, the AMI is calculated from all households within Jackson County.

In Seymour, HUD calculates the Area Median Income for a family of four as $62,500

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 Seymour

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 Seymour HUD Rental Assistance in Seymour

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 Seymour

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

From 1991 to 2011, 6 low income apartment communities containing 333 rental apartments have been constructed and made affordable to low income persons in Seymour 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 Seymour

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 Seymour 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 Seymour

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$517 $602 $743 $1,021 $1,188