About This Property
Valley Farms Apts comprises 92 low-income rental units in Westfield, Indiana, and has been in service since 1996. The property includes 22 one-bedroom, 42 two-bedroom, 20 three-bedroom, and 8 four-bedroom units, financed through 4% Low-Income Housing Tax Credits. The community is managed by professional property management.
Property Details
Fair Market Rent - Hamilton 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 | $982 |
| 1 Bedroom | $1,145 |
| 2 Bedroom | $1,349 |
| 3 Bedroom | $1,758 |
| 4 Bedroom | $2,126 |
Income Limits - Hamilton County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,150
- Very Low (50%)
- $28,600
- Low (80%)
- $45,750
- Extremely Low (30%)
- $19,600
- Very Low (50%)
- $32,650
- Low (80%)
- $52,250
- Extremely Low (30%)
- $22,050
- Very Low (50%)
- $36,750
- Low (80%)
- $58,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,800
- Low (80%)
- $65,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $44,100
- Low (80%)
- $70,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,350
- Low (80%)
- $75,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $50,600
- Low (80%)
- $81,000
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $53,900
- Low (80%)
- $86,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,150 | $28,600 | $45,750 |
| 2 Persons | $19,600 | $32,650 | $52,250 |
| 3 Persons | $22,050 | $36,750 | $58,800 |
| 4 Persons | $26,500 | $40,800 | $65,300 |
| 5 Persons | $31,040 | $44,100 | $70,550 |
| 6 Persons | $35,580 | $47,350 | $75,750 |
| 7 Persons | $40,120 | $50,600 | $81,000 |
| 8 Persons | $44,660 | $53,900 | $86,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Westfield, IN?+
The Fair Market Rent (FMR) for Hamilton County, IN is: $982 (Studio), $1145 (1BR), $1349 (2BR), $1758 (3BR), $2126 (4BR). Actual rent at subsidized properties like Valley Farms Apts is typically 30% of household income or less.
What size apartments are available at Valley Farms Apts?+
Valley Farms Apts offers the following unit types: 22 One-Bedroom, 42 Two-Bedroom, 20 Three-Bedroom, 8 Four-Bedroom units, for a total of 92 units.
What is the price range for apartments in Westfield, IN?+
Based on Fair Market Rent for Hamilton County, the estimated price range is: 1-bedroom: $1145, 2-bedroom: $1349, 3-bedroom: $1758. Actual rent at Valley Farms Apts may be lower for income-eligible households.
How do I apply for housing at Valley Farms Apts?+
Valley Farms Apts 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 Hamilton County, IN?+
For a 4-person household in Hamilton County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,800, Low Income (80% AMI): $65,300. These limits are set by HUD and updated annually.
Who manages Valley Farms Apts?+
Valley Farms Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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