What HUD offices serve Vermillion 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 Vermillion County.
How many renters live in Vermillion County, Indiana?
The County of Vermillion County has people living in households.
There are renters living in renter households in this County. Renters make up 20.58 percent of the population living in Vermillion County.
What is the rental market like in Vermillion County, Indiana?
There are an estimated housing units in the Vermillion County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Vermillion County, Indiana, there are 1.04 rental units.
What is the vacancy rate for rentals in Vermillion County?
The rental vacancy rate in Vermillion County is 4 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 Vermillion County for each bedroom size?
Occupied Rental Units by Size in Vermillion County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 111 | 171 | 751 | 412 | 48 |
Occupied Rental Units by Size in Vermillion County
A large number of apartments in Vermillion County 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 Vermillion County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $741 to $1,398. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $741 |
| One BR | $766 |
| Two BR | $964 |
| Three BR | $1,166 |
| Four BR | $1,398 |
2024 Fair Market Rents in Vermillion County, Indiana
How many units are rented at Fair Market Rent (FMR) in Vermillion 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 | 63 | 57 percent |
| One BR | 136 | 80 percent |
| Two BR | 583 | 78 percent |
Rental Units Below FMR in Vermillion County, Indiana
How many affordable rental units are in Vermillion County?
There are a variety of federal affordable housing programs serving households in Vermillion County, Indiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Vermillion County, Indiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Vermillion County, Indiana
Vermillion County features 284 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 Vermillion County, Indiana
There are 133 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Vermillion County.
Housing Choice Vouchers in Vermillion County, Indiana
On average, Section 8 Housing Choice vouchers pay Vermillion County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Vermillion County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Vermillion County, Indiana for a two-bedroom apartment is between $868 and $1,060.
Sourced from federal housing data and AffordableHousingOnline.com research.