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Discover affordable housing in Kokomo where there are 24+ 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.
400 North Washington Street, Kokomo, Indiana 46901
bed1-2
payment$487-720/mo.
2101 Mark Lane, Kokomo, Indiana 46902
bed1-4
601-610 Ricketts Street and 124-1125 S. Union Street Kokomo, IN 46902, Kokomo, Indiana 46902
bed3
322 E Jackson St, Kokomo, Indiana 46901
536 Southlea Drive, Kokomo, Indiana 46902
5038 S Webster Street, Kokomo, Indiana 46902
2600 W Jefferson St, Kokomo, Indiana 46901
412 Pillars Pl, Kokomo, Indiana 46902
510 Elk Dr, Kokomo, Indiana 46902
800 Harvest Dr, Kokomo, Indiana 46901
713 N. Purdum St. Kokomo, IN , Kokomo, Indiana 46901
bed1-3
1495 N Webster St, Kokomo, Indiana 46901
bed1-3
3150 Vinton Cir, Kokomo, Indiana 46902
2864 Amberwood Pl, Kokomo, Indiana 46901
800 N Dixon Rd, Kokomo, Indiana 46901
3604 Briarwick Dr, Kokomo, Indiana 46902
600 North Apperson Way, Kokomo, Indiana 46901
910 North Washington Street Kokomo, IN , Kokomo, Indiana 46901
bed3
800 E Hoffer St, Kokomo, Indiana 46902
605 S Bell St, Kokomo, Indiana 46901
How To Identify Affordable Housing in Kokomo, Indiana
Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.
| Badge | Description |
|---|---|
switch_access_shortcutShort Wait | Low income apartments with no or short waiting lists. |
paymentSubsidized | Low income housing where the rent is subsidized and the renter pays only a portion of total rent. |
real_estate_agentAccepts Vouchers | Apartments that accept Section 8 vouchers near you |
elderlySenior | Rental housing for seniors who are 55 (or sometimes 62) and older. |
paymentIncome Based | Affordable apartments where the rent paid is based on renter income. |
accessibilityAccessible | Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy. |
accessible_forwardDisability | Apartments for individuals or families with disabilities. |
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The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment InKokomo, Indiana
$18.56/hour
(+156%) more thanIndiana minimum wage and
$11.31(+156%) more than the Federal minimum wage.
Learn More About Kokomo, Indiana AffordableHousing ↓
What HUD offices serve Kokomo, Indiana?
Public Housing Agencies operate federally assisted affordable housing programs atlocal levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within theirjurisdiction.
Kokomo Housing Authority
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Kokomo, Indiana.
Go to theIndianaPublic Housing and Low-Income Apartments Waiting Lists page for openings near Kokomo.
How many renters live in Kokomo, Indiana?
The City of Kokomo has 59,534people living in 26,066 households.
There are 19,101 renters living in9,149 renter households in thisCity. Renters make up 32.08percent of the population living in Kokomo.
What is the rental market like in Kokomo, Indiana?
There are an estimated 29,888 housing units in theKokomo area. Of these, 10,574 units are rentalhomes, making up 35 percent of the housing market. Forevery renter household in Kokomo, Indiana, there are1 rental units.
What is the vacancy rate for rentals in Kokomo?
The rental vacancy rate in Kokomo is 12 percent.This is ahigher than averagevacancy rate.When rental vacancy rates are high it means that there are a lot of available units and rents tendto be lower.
How many rental units are in Kokomo for each bedroom size?
Occupied Rental Units by Size in Kokomo
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 412 2,022 4,056 2,174 457 Occupied Rental Units by Size in Kokomo
A large number of apartments in Kokomo have two or fewer bedrooms. Seniors and youngprofessionalsespecially may have more success finding an apartment that meets their needs.
How many renter households in Kokomo are overburdened by housing costs?
Among renter households in this market, 42percent havehousing cost burden. Further, 21percent of households are extremely rent overburdened. When renters pay too much for their housing, itleaveslittle money for other necessities like food, clothes, or medicine.
The federal government says that renters arecost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Kokomo
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $788 to $1,428. FMRs areupdated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $788 One BR $793 Two BR $980 Three BR $1,299 Four BR $1,428 2024 Fair Market Rents in Kokomo, Indiana
How many units are rented at Fair Market Rent (FMR) in Kokomo?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s FairMarket Rent. Markets with a large share of units above FMR tend to have longer search times to find aqualified unit, while those with a large share of units below FMR tend to have more choices and shortersearch 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 198 48 percent One BR 1,436 71 percent Two BR 2,924 72 percent Rental Units Below FMR in Kokomo, Indiana
How many affordable rental units are in Kokomo?
There are a variety of federal affordable housing programs serving households inKokomo, Indiana including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit 823 Public Housing 175 Section 8 Project-Based Rental Assistance 425 Section 236 Rental Assistance 161 Tracked Units by Federal Program in Kokomo, Indiana
Income Based Apartments in Kokomo, Indiana
Kokomo features 1,287 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.
Low Rent Apartments in Kokomo, Indiana
There are 878 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Kokomo.
Housing Choice Vouchers in Kokomo, Indiana
On average, Section 8 Housing Choice vouchers pay Kokomo landlords$400 per month towards rent. The average voucher holdercontributes $300 towards rent inKokomo.
The maximum amount a voucher would pay on behalf of a low-income tenant in Kokomo, Indiana fora two-bedroom apartment is between $882 and $1,078.
Sourced from federal housing data and AffordableHousingOnline.comresearch.
Affordable Housing Tip
Preferences are not a requirement.
You should still consider applying to waiting lists with preferences you don't qualify for. There is still a chance to get housing.
What Renters Say About Us
Josie Shivers says:
"Affordable Housing Online is a very helpful website. I was able to put it in a Section 8 application, and received a letter that I was chosen to be on a waiting list!"
