About This Property
Valley Court Apts offers 48 low-income units in Madison, Indiana, with a mix of 32 two-bedroom and 16 three-bedroom apartments. The property has been in service since 2000 and was developed with HOME program funding. Residents have access to affordable rental housing options in Jefferson County.
Property Details
Fair Market Rent - Jefferson 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 | $643 |
| 1 Bedroom | $740 |
| 2 Bedroom | $865 |
| 3 Bedroom | $1,099 |
| 4 Bedroom | $1,468 |
Income Limits - Jefferson County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,050
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,750
- Low (80%)
- $42,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,100
- Low (80%)
- $48,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,400
- Low (80%)
- $53,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,750
- Low (80%)
- $62,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,450
- Low (80%)
- $66,300
- Extremely Low (30%)
- $44,100
- Very Low (50%)
- $44,100
- Low (80%)
- $70,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,050 | $23,400 | $37,450 |
| 2 Persons | $17,420 | $26,750 | $42,800 |
| 3 Persons | $21,960 | $30,100 | $48,150 |
| 4 Persons | $26,500 | $33,400 | $53,450 |
| 5 Persons | $31,040 | $36,100 | $57,750 |
| 6 Persons | $35,580 | $38,750 | $62,050 |
| 7 Persons | $40,120 | $41,450 | $66,300 |
| 8 Persons | $44,100 | $44,100 | $70,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madison, IN?+
The Fair Market Rent (FMR) for Jefferson County, IN is: $643 (Studio), $740 (1BR), $865 (2BR), $1099 (3BR), $1468 (4BR). Actual rent at subsidized properties like Valley Court Apts is typically 30% of household income or less.
What size apartments are available at Valley Court Apts?+
Valley Court Apts offers the following unit types: 32 Two-Bedroom, 16 Three-Bedroom units, for a total of 48 units.
Who manages Valley Court Apts?+
Valley Court Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Jefferson County, IN?+
For a 4-person household in Jefferson County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,400, Low Income (80% AMI): $53,450. These limits are set by HUD and updated annually.
How do I apply for housing at Valley Court Apts?+
Valley Court 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 is the price range for apartments in Madison, IN?+
Based on Fair Market Rent for Jefferson County, the estimated price range is: 2-bedroom: $865, 3-bedroom: $1099. Actual rent at Valley Court Apts may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.