About This Property
Traditions Apts offers 124 low-income units in Franklin, Indiana, with a mix of 64 two-bedroom, 30 three-bedroom, and 30 four-bedroom floor plans. The property has been in service since 1996 and serves Johnson County residents. Contact information and management details are available upon request.
Property Details
Fair Market Rent - Johnson 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 - Johnson 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 Franklin, IN?+
The Fair Market Rent (FMR) for Johnson County, IN is: $982 (Studio), $1145 (1BR), $1349 (2BR), $1758 (3BR), $2126 (4BR). Actual rent at subsidized properties like Traditions Apts is typically 30% of household income or less.
What size apartments are available at Traditions Apts?+
Traditions Apts offers the following unit types: 64 Two-Bedroom, 30 Three-Bedroom, 30 Four-Bedroom units, for a total of 124 units.
What is the price range for apartments in Franklin, IN?+
Based on Fair Market Rent for Johnson County, the estimated price range is: 2-bedroom: $1349, 3-bedroom: $1758. Actual rent at Traditions Apts may be lower for income-eligible households.
Who manages Traditions Apts?+
Traditions Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Traditions Apts?+
Traditions 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 Johnson County, IN?+
For a 4-person household in Johnson 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.
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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