Low Income Apartments and Affordable Housing For Rent in Woodburn, IN

Discover affordable housing in Woodburn where there are 2+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Lynnwood Apts Woodburn Limited Pk Housing & Mgt Co

22100 Maple Court, Woodburn, Indiana

Lynnwood Lane Duplexes

Lynnwood St, Woodburn, Indiana 46797

calendar_today Opened: Nov 14
Open Until Further Notice

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Woodburn, Indiana
$20.63/hour
$13.38 (+184%) more than Indiana minimum wage and $13.38 (+184%) more than the Federal minimum wage.
Learn More About Woodburn, Indiana Affordable Housing ↓

What HUD offices serve Woodburn, 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Woodburn, Indiana.

Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near Woodburn.

How many renters live in Woodburn, Indiana?

The City of Woodburn has 1,228 people living in 408 households.

There are 193 renters living in 73 renter households in this City. Renters make up 15.72 percent of the population living in Woodburn.

What is the rental market like in Woodburn, Indiana?

There are an estimated 434 housing units in the Woodburn area. Of these, 81 units are rental homes, making up 19 percent of the housing market. For every renter household in Woodburn, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Woodburn?

The rental vacancy rate in Woodburn is 10 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 Woodburn for each bedroom size?

Occupied Rental Units by Size in Woodburn
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 6 28 34 5
Occupied Rental Units by Size in Woodburn

A large number of apartments in Woodburn 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 Woodburn are overburdened by housing costs?

Among renter households in this market, 25 percent have housing cost burden. Further, 12 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 Woodburn

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $826 to $1,499. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $826
One BR $895
Two BR $1,089
Three BR $1,379
Four BR $1,499
2024 Fair Market Rents in Woodburn, Indiana

How many units are rented at Fair Market Rent (FMR) in Woodburn?

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 67 percent
Two BR 28 100 percent
Rental Units Below FMR in Woodburn, Indiana

How many affordable rental units are in Woodburn?

Income Based Apartments in Woodburn, Indiana

Woodburn features 24 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 Woodburn, Indiana

There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Woodburn.

Housing Choice Vouchers in Woodburn, Indiana

On average, Section 8 Housing Choice vouchers pay Woodburn landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Woodburn.

The maximum amount a voucher would pay on behalf of a low-income tenant in Woodburn, Indiana for a two-bedroom apartment is between $980 and $1,198.

Sourced from federal housing data and AffordableHousingOnline.com research.