About This Property
Fowler Madison Cottages contains 61 residential units in Fowler, Indiana, with 44 designated as low-income housing. The community features a mix of one-, two-, and three-bedroom floor plans, including 22 one-bedroom units, 20 two-bedroom units, and 19 three-bedroom units. The property has been in service since 2002.
Property Details
Fair Market Rent - Benton County, IN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $778 |
| 1 Bedroom | $908 |
| 2 Bedroom | $1,069 |
| 3 Bedroom | $1,293 |
| 4 Bedroom | $1,604 |
Income Limits - Benton County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,200
- Very Low (50%)
- $25,300
- Low (80%)
- $40,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,900
- Low (80%)
- $46,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,500
- Low (80%)
- $52,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,000
- Low (80%)
- $62,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,900
- Low (80%)
- $67,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,800
- Low (80%)
- $71,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,700
- Low (80%)
- $76,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,200 | $25,300 | $40,450 |
| 2 Persons | $17,420 | $28,900 | $46,200 |
| 3 Persons | $21,960 | $32,500 | $52,000 |
| 4 Persons | $26,500 | $36,100 | $57,750 |
| 5 Persons | $31,040 | $39,000 | $62,400 |
| 6 Persons | $35,580 | $41,900 | $67,000 |
| 7 Persons | $40,120 | $44,800 | $71,650 |
| 8 Persons | $44,660 | $47,700 | $76,250 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fowler, IN?+
The Fair Market Rent (FMR) for Benton County, IN is: $778 (Studio), $908 (1BR), $1069 (2BR), $1293 (3BR), $1604 (4BR). Actual rent at subsidized properties like Fowler Madison Cottages is typically 30% of household income or less.
What size apartments are available at Fowler Madison Cottages?+
Fowler Madison Cottages offers the following unit types: 22 One-Bedroom, 20 Two-Bedroom, 19 Three-Bedroom units, for a total of 61 units.
What is the price range for apartments in Fowler, IN?+
Based on Fair Market Rent for Benton County, the estimated price range is: 1-bedroom: $908, 2-bedroom: $1069, 3-bedroom: $1293. Actual rent at Fowler Madison Cottages may be lower for income-eligible households.
Who manages Fowler Madison Cottages?+
Fowler Madison Cottages is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Fowler Madison Cottages?+
Fowler Madison Cottages is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What are the income limits for affordable housing in Benton County, IN?+
For a 4-person household in Benton County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,100, Low Income (80% AMI): $57,750. These limits are set by HUD and updated annually.
Walk Score
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