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Affordable & Low-Income Housing in Carmel, IN 46032

1 affordable building in 46032 · 28 more within 8 mi

Carmel, IN 46032 has 1 income-restricted building: 1 tax credit. 28 more are listed within 8 miles. These lists don't show openings — call to ask about vacancies and waiting lists.

In 46032

Nearby

The 20 closest of 28 in nearby ZIPs. Pick a ZIP below to see all of them.

Rents and income limits in 46032

Fair market rent, 2 bedrooms
$2,140/mo
Income needed to pay it at 30% of income
$85,600/yr
Renters in 46032 paying 30% or more of income on rent
41%

Income limits (2026)

Indianapolis-Carmel, IN area · median family income $110,300. Your household's yearly income before taxes must be at or below the limit.

PeopleExtremely low 30%Very low 50%Low 80%
1$23,200$38,650$61,800
2$26,500$44,150$70,600
3$29,800$49,650$79,450
4$33,100$55,150$88,250
5$38,680$59,600$95,350
6$44,360$64,000$102,400
7$50,040$68,400$109,450
8$55,720$72,800$116,500

Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.

Fair market rents (2027)

HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.

Size46032Wider area
Studio$1,650$1,187
1 bedroom$1,860$1,336
2 bedrooms$2,140$1,536
3 bedrooms$2,770$1,991
4 bedrooms$3,380$2,425

Wider area = Indianapolis-Carmel, IN. Two-bedroom fair market rents in 12 nearby ZIPs range from $1,560 (46260) to $2,300 (46278).

Census figures for 46032 (2020–2024 average): median rent $1,642. Median household income $132,085. 34% of homes are rented. 41% of renters pay 30% or more of their income on rent, and 18% pay half or more.

Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.

Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.

Estimate your Section 8 rent share

Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 46032's fair market rent.

Estimate your Section 8 rent share for 46032

Frequently Asked Questions

Is there Section 8 housing in Carmel, IN 46032?

Yes — this directory lists income-restricted buildings in Carmel, IN 46032, including project-based Section 8 apartments (the subsidy stays with the unit), public housing, tax-credit, and USDA rural rentals. Housing Choice Vouchers are different: you apply with the local housing authority and can use them at a private landlord. Estimate your voucher rent share with the Section 8 calculator.

Do affordable housing buildings in Carmel, IN 46032 have openings?

These lists for Carmel, IN 46032 don't show openings. Call the property (or the housing authority, for public housing) to ask about vacancies and waiting lists.

How do I apply for affordable housing in Carmel, IN 46032?

Use the phone number on each building card in Carmel, IN 46032. Public housing is run by the local housing authority — apply with them, not at the building. USDA rural rentals can also be found through USDA's property search.

What counts as affordable housing in Carmel, IN 46032?

In Carmel, IN 46032, this directory lists income-restricted rentals from HUD tax-credit (LIHTC) records, public housing, HUD-assisted buildings (including project-based Section 8, 202, and 811), and USDA Rural Development.

How many affordable housing buildings are in ZIP 46032?

This directory lists 1 income-restricted building in Carmel, IN 46032. The list does not show vacancies — call each property or the housing authority to ask about openings and waiting lists.

Is there affordable housing near 46032?

Yes — this page also lists 28 income-restricted buildings in ZIP codes near Carmel, IN 46032 (within about 8 miles). Pick a nearby ZIP to see every building there.

People Also Ask

How do I qualify for affordable housing in Carmel, IN 46032?

Most income-restricted buildings in Carmel, IN 46032 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $38,650, and $55,150 for a 4-person household. Public housing can go up to 80% ($61,800 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.

What is the income limit for low-income housing in Carmel, IN 46032?

For many programs in Carmel, IN 46032, the 2026 HUD very low-income (50%) limit is $38,650 a year for 1 person and $55,150 for 4 people. The low-income (80%) limit is $61,800 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.

How long is the waiting list for Section 8 in Carmel, IN 46032?

There is no single waiting list for Carmel, IN 46032. Public housing, project-based Section 8, and tax-credit buildings each keep their own list. Housing Choice Voucher lists at the housing authority open only sometimes and can stay closed for years. This directory does not show which lists are open — call the number on each card. Some public housing cards show HUD's reported wait in months.

What is the difference between Section 8 and public housing in Carmel, IN 46032?

Public housing is owned by a housing authority — you apply with that agency, not at the building. Project-based Section 8 is a HUD contract on a private building; the subsidy stays with the apartment. A Housing Choice Voucher is different: you apply with the housing authority and can use it at a landlord who takes it. This page lists tax-credit apartments in Carmel, IN 46032. Estimate voucher rent share with the Section 8 calculator.

How much rent do you pay for low-income housing in Carmel, IN 46032?

In public housing and most Section 8 in Carmel, IN 46032, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Carmel, IN 46032 is $2,140 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.

Can I use a Section 8 voucher at affordable apartments in Carmel, IN 46032?

A Housing Choice Voucher is not automatically accepted at every building in Carmel, IN 46032. Project-based Section 8 units already have a subsidy on the apartment — you apply there, not with a tenant voucher. For a voucher, apply with the housing authority, then ask each landlord. Estimate your share with the Section 8 calculator.

Is there senior affordable housing in Carmel, IN 46032?

This page may still list buildings in Carmel, IN 46032 that accept seniors without being senior-only. Use the filters and call to ask about age set-asides.

Nearby ZIP codes

Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying.

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