This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. Each household's income is compared to the incomes of all other households in the area. Area Median Income In JasperĪffordable housing program eligibility is always determined by one's income. In Jasper, a household making less than $2,003 a month would be considered overburdened when renting an apartment at or above the median rent.ģ4.62% of households who rent are overburdened in Jasper. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Jasper is $53,044 a year, or $4,420 a month. 31.97% of households in Jasper are renters. There are 6,091 households in the city with an average household size of 2.44 persons. Jasper is a city in Dubois County, Indiana with a population of 15,538. ± 10.27pp Total Population 15,538 Population and Household Demographics ±$44 Percentage Of Renters Overburdened 34.62% Total Affordable Apartment Properties 10 Total Low Income Apartments 361 Total Housing Units with Rental Assistance 230 Percentage of Housing Units Occupied By Renters 31.97% Average Renter Household Size 2.23 Average Household Size 2.44 Median Household Income $53,044 Sourced from federal housing data and research. 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. 2023 Jasper, Indiana Fair Market Rents and Housing Choice Voucher Payment Standardsįair Market Rents can be used to better understand the average housing costs of an area. The maximum amount a voucher would pay on behalf of a low-income tenant in Jasper, Indiana for a two-bedroom apartment is between $743 and $909. The average voucher holder contributes $400 towards rent in Jasper. On average, Section 8 Housing Choice vouchers pay Jasper landlords $500 per month towards rent. Housing Choice Vouchers in Jasper, Indiana There are 131 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Jasper. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Jasper features 230 income based apartments. Jasper, Indiana Affordable Housing Data Income Based Apartments in Jasper, Indiana
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