What HUD offices serve Tell City, 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 Tell City.
How many renters live in Tell City, Indiana?
The City of Tell City has people living in households.
There are renters living in renter households in this City. Renters make up 31.65 percent of the population living in Tell City.
What is the rental market like in Tell City, Indiana?
There are an estimated housing units in the Tell City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Tell City, Indiana, there are 1.06 rental units.
What is the vacancy rate for rentals in Tell City?
The rental vacancy rate in Tell City 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 Tell City for each bedroom size?
Occupied Rental Units by Size in Tell City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 98 | 425 | 474 | 199 | 77 |
Occupied Rental Units by Size in Tell City
A large number of apartments in Tell City have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Tell City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $651 to $1,465. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $651 |
| One BR | $671 |
| Two BR | $863 |
| Three BR | $1,110 |
| Four BR | $1,465 |
2024 Fair Market Rents in Tell City, Indiana
How many units are rented at Fair Market Rent (FMR) in Tell City?
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 | 59 | 60 percent |
| One BR | 353 | 83 percent |
| Two BR | 262 | 55 percent |
Rental Units Below FMR in Tell City, Indiana
How many affordable rental units are in Tell City?
There are a variety of federal affordable housing programs serving households in Tell City, Indiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Tell City, Indiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Tell City, Indiana
Tell City features 286 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 Tell City, Indiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tell City.
Housing Choice Vouchers in Tell City, Indiana
On average, Section 8 Housing Choice vouchers pay Tell City landlords $300 per month towards rent. The average voucher holder contributes $400 towards rent in Tell City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Tell City, Indiana for a two-bedroom apartment is between $777 and $949.
Sourced from federal housing data and AffordableHousingOnline.com research.