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There are 1,497 low-income apartments in Gary that offer reduced rents to eligible households.
Rental assistance programs support 3,857 low-income homes in Gary where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $313 towards rent each month.
Affordable rent data for some communities last confirmed on June 25th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Gary, 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.
| Housing Authority | Programs |
|---|---|
| Gary Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
| Northwest Indiana Community Action | Section 8 Housing Choice Voucher (HCV) |
Gary, Indiana Affordable Housing Data
Income Based Apartments in Gary, Indiana
Gary features 3,857 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 Gary, Indiana
There are 1,497 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gary.
Housing Choice Vouchers in Gary, Indiana
On average, Section 8 Housing Choice vouchers pay Gary landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Gary.
The maximum amount a voucher would pay on behalf of a low-income tenant in Gary, Indiana for a two-bedroom apartment is between $1,129 and $1,379.
2024 Gary, Indiana Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Gary, Indiana Fair Market Rent | $869 | $1,027 | $1,254 | $1,539 | $1,672 |
| Gary, Indiana Payment Standard Range | $782 to $956 | $924 to $1,130 | $1,129 to $1,379 | $1,385 to $1,693 | $1,505 to $1,839 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Gary, IN Affordable Housing Snapshot
| Total Affordable Apartment Properties | 93 |
|---|---|
| Total Low Income Apartments | 5,403 |
| Total Housing Units with Rental Assistance | 3,857 |
| Percentage of Housing Units Occupied By Renters | 48.82% |
| Average Renter Household Size | 2.67 |
| Average Household Size | 2.52 |
| Median Household Income | $28,020 ±$1,263 |
| Median Rent | $728 ±$18 |
| Percentage Of Renters Overburdened | 53.49% ± 3.1pp |
| Total Population | 78,483 |
Population and Household Demographics
Gary is a city in Lake County, Indiana with a population of 78,483. There are 30,814 households in the city with an average household size of 2.52 persons. 48.82% of households in Gary are renters.
Income and Rent Overburden in Gary
The median gross income for households in Gary is $28,020 a year, or $2,335 a month. The median rent for the city is $728 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gary, a household making less than $2,427 a month would be considered overburdened when renting an apartment at or above the median rent. 53.49% of households who rent are overburdened in Gary.
Area Median Income In Gary
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Gary, the AMI is calculated from all households within Lake County.
In Gary, HUD calculates the Area Median Income for a family of four as $91,100
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Gary
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Gary
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Gary AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$18,800 | $21,450 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Gary AMI may qualify for rental assistance programs that target Very Low Income households. |
$31,300 | $35,750 | $40,200 | $44,650 | $48,250 | $51,800 | $55,400 | $58,950 |
| 80% AMI Income Limits Renters earning up to 80% of the Gary AMI may qualify for rental assistance programs that target Low Income households. |
$50,050 | $57,200 | $64,350 | $71,450 | $77,200 | $82,900 | $88,600 | $94,350 |
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