About This Property
Topeka Trace Apartments comprises 24 low-income units in Topeka, Indiana, with a unit mix of eight one-bedroom and sixteen two-bedroom apartments. The property has been in service since 1991 and serves LaGrange County residents.
Property Details
Fair Market Rent - LaGrange 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 | $652 |
| 1 Bedroom | $657 |
| 2 Bedroom | $863 |
| 3 Bedroom | $1,139 |
| 4 Bedroom | $1,149 |
Income Limits - LaGrange County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,950
- Very Low (50%)
- $24,850
- Low (80%)
- $39,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,400
- Low (80%)
- $45,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,950
- Low (80%)
- $51,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,500
- Low (80%)
- $56,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,350
- Low (80%)
- $61,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,200
- Low (80%)
- $65,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,050
- Low (80%)
- $70,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,900
- Low (80%)
- $75,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,950 | $24,850 | $39,800 |
| 2 Persons | $17,420 | $28,400 | $45,450 |
| 3 Persons | $21,960 | $31,950 | $51,150 |
| 4 Persons | $26,500 | $35,500 | $56,800 |
| 5 Persons | $31,040 | $38,350 | $61,350 |
| 6 Persons | $35,580 | $41,200 | $65,900 |
| 7 Persons | $40,120 | $44,050 | $70,450 |
| 8 Persons | $44,660 | $46,900 | $75,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Topeka, IN?+
The Fair Market Rent (FMR) for LaGrange County, IN is: $652 (Studio), $657 (1BR), $863 (2BR), $1139 (3BR), $1149 (4BR). Actual rent at subsidized properties like Topeka Trace Apts is typically 30% of household income or less.
What size apartments are available at Topeka Trace Apts?+
Topeka Trace Apts offers the following unit types: 8 One-Bedroom, 16 Two-Bedroom units, for a total of 24 units.
How do I apply for housing at Topeka Trace Apts?+
Topeka Trace 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 Topeka, IN?+
Based on Fair Market Rent for LaGrange County, the estimated price range is: 1-bedroom: $657, 2-bedroom: $863. Actual rent at Topeka Trace Apts may be lower for income-eligible households.
Who manages Topeka Trace Apts?+
Topeka Trace Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in LaGrange County, IN?+
For a 4-person household in LaGrange County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,500, Low Income (80% AMI): $56,800. These limits are set by HUD and updated annually.