What HUD offices serve Vanderburgh County, 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 Vanderburgh County.
How many renters live in Vanderburgh County, Indiana?
The County of Vanderburgh County has 179,744 people living in 77,854 households.
There are 55,228 renters living in 26,434 renter households in this County. Renters make up 30.73 percent of the population living in Vanderburgh County.
What is the rental market like in Vanderburgh County, Indiana?
There are an estimated 84,426 housing units in the Vanderburgh County area. Of these, 29,548 units are rental homes, making up 35 percent of the housing market. For every renter household in Vanderburgh County, Indiana, there are 1 rental units.
What is the vacancy rate for rentals in Vanderburgh County?
The rental vacancy rate in Vanderburgh County is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Vanderburgh County for each bedroom size?
Occupied Rental Units by Size in Vanderburgh County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 2,077 | 7,602 | 10,474 | 4,845 | 1,306 |
Occupied Rental Units by Size in Vanderburgh County
A large number of apartments in Vanderburgh County 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 Vanderburgh County are overburdened by housing costs?
Among renter households in this market, 49 percent have housing cost burden. Further, 28 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 Vanderburgh County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $766 to $1,558. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $766 |
| One BR | $850 |
| Two BR | $1,070 |
| Three BR | $1,360 |
| Four BR | $1,558 |
2024 Fair Market Rents in Vanderburgh County, Indiana
How many units are rented at Fair Market Rent (FMR) in Vanderburgh County?
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 | 1,281 | 62 percent |
| One BR | 4,807 | 63 percent |
| Two BR | 6,734 | 64 percent |
Rental Units Below FMR in Vanderburgh County, Indiana
How many affordable rental units are in Vanderburgh County?
There are a variety of federal affordable housing programs serving households in Vanderburgh County, Indiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 2,501 |
| Section 8 Project-Based Rental Assistance | 1,079 |
| Section 202 Supportive Housing for the Elderly | 9 |
Tracked Units by Federal Program in Vanderburgh County, Indiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Vanderburgh County, Indiana
Vanderburgh County features 2,086 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 Vanderburgh County, Indiana
There are 1,278 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Vanderburgh County.
Housing Choice Vouchers in Vanderburgh County, Indiana
On average, Section 8 Housing Choice vouchers pay Vanderburgh County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Vanderburgh County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Vanderburgh County, Indiana for a two-bedroom apartment is between $963 and $1,177.
Sourced from federal housing data and AffordableHousingOnline.com research.
