Affordable & Low-Income Housing in Mount Summit, IN 47361
No income-restricted buildings are listed in 47361 — here are the closest ones.
No income-restricted buildings are listed in Mount Summit, IN 47361. 31 income-restricted buildings are listed nearby (within about 10 miles). These lists don't show openings — call to ask about vacancies and waiting lists.
Closest to 47361
The 20 closest of 31 in nearby ZIPs. Pick a ZIP below to see all of them.
Bethany Village Apartments New Castle
1509 Washington St, New Castle, IN 47362
4.6 mi away
18 units · Studio–1 BR
Maplewood Terrace
274 S 14th St, New Castle, IN 47362
5.3 mi away
156 units · 1–3 BR
- Apply through New Castle Housing Authority
- Residents waited about 7 months to move in (HUD, Oct 2026)
Autumn Oaks Apts
100 Autumn Oaks Blvd, New Castle, IN 47362
5.9 mi away
72 units · 68 income-restricted · 1–3 BR
Foster's Landing Apts
317 Fosters Way, New Castle, IN 47362
6.7 mi away
90 units · 85 income-restricted · 1–4+ BR
Rose Park Apts.
482 Central Ave, Middletown, IN 47356
8.7 mi away
22 units · 1–2 BR
- 2 vacant units reported (Oct 2026) — call to confirm
R.a.greene Southern Pines
4314 S Pinewood Dr, Muncie, IN 47302
10.4 mi away
100 units · 2–3 BR
- Apply through Housing Authority of the City of Muncie
- Residents waited about 18 months to move in (HUD, Oct 2026)
Earthstone Terrace
3300 S Juniper Ln, Muncie, IN 47302
11.1 mi away
99 units · 2–3 BR
- Apply through Housing Authority of the City of Muncie
- Residents waited about 18 months to move in (HUD, Oct 2026)
No nearby buildings match this filter.
Rents and income limits in 47361
- Fair market rent, 2 bedrooms
- $1,130/mo
- Income needed to pay it at 30% of income
- $45,200/yr
Income limits (2026)
Henry County, IN area · median family income $81,300. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $17,850 | $29,700 | $47,500 |
| 2 | $21,640 | $33,950 | $54,300 |
| 3 | $27,320 | $38,200 | $61,100 |
| 4 | $33,000 | $42,400 | $67,850 |
| 5 | $38,680 | $45,800 | $73,300 |
| 6 | $44,360 | $49,200 | $78,750 |
| 7 | $50,040 | $52,600 | $84,150 |
| 8 | $55,720 | $56,000 | $89,600 |
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.
| Size | 47361 | Wider area |
|---|---|---|
| Studio | $900 | $805 |
| 1 bedroom | $900 | $810 |
| 2 bedrooms | $1,130 | $1,014 |
| 3 bedrooms | $1,350 | $1,208 |
| 4 bedrooms | $1,490 | $1,333 |
Wider area = Henry County, IN. Two-bedroom fair market rents in 9 nearby ZIPs range from $1,010 (47362) to $1,290 (47351).
Census figures for 47361 (2020–2024 average): median rent $929. Median household income $53,333. 26% of homes are rented.
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 47361's fair market rent.
Estimate your Section 8 rent share for 47361Frequently Asked Questions
Is there Section 8 housing in Mount Summit, IN 47361?
Yes — this directory lists income-restricted buildings in Mount Summit, IN 47361, 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 Mount Summit, IN 47361 have openings?
These lists for Mount Summit, IN 47361 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 Mount Summit, IN 47361?
Use the phone number on each building card in Mount Summit, IN 47361. 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 Mount Summit, IN 47361?
In Mount Summit, IN 47361, 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 47361?
No income-restricted buildings are listed in ZIP 47361 right now. 31 nearby buildings are shown on this page. Call to confirm openings.
Is there affordable housing near 47361?
Yes — this page also lists 31 income-restricted buildings in ZIP codes near Mount Summit, IN 47361 (within about 10 miles). Pick a nearby ZIP to see every building there.
People Also Ask
How do I qualify for affordable housing in Mount Summit, IN 47361?
Most income-restricted buildings in Mount Summit, IN 47361 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 $29,700, and $42,400 for a 4-person household. Public housing can go up to 80% ($47,500 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 Mount Summit, IN 47361?
For many programs in Mount Summit, IN 47361, the 2026 HUD very low-income (50%) limit is $29,700 a year for 1 person and $42,400 for 4 people. The low-income (80%) limit is $47,500 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 Mount Summit, IN 47361?
There is no single waiting list for Mount Summit, IN 47361. 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 Mount Summit, IN 47361?
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. Estimate voucher rent share with the Section 8 calculator.
How much rent do you pay for low-income housing in Mount Summit, IN 47361?
In public housing and most Section 8 in Mount Summit, IN 47361, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Mount Summit, IN 47361 is $1,130 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 Mount Summit, IN 47361?
A Housing Choice Voucher is not automatically accepted at every building in Mount Summit, IN 47361. 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 Mount Summit, IN 47361?
This page may still list buildings in Mount Summit, IN 47361 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; HUD Public Housing Developments, 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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