Low Income (LIHTC)Waitlist Open

Caperton Homes

3508 Ralston Ave, Indianapolis, IN, 46218

Information verified May 8, 2026·We re-check waiting list status daily

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About This Property

Caperton Homes comprises 23 four-bedroom units in Indianapolis, Marion County. The property was placed in service in 1992. All units feature the same floor plan configuration.

Waitlist Information

Waitlist managed by Indianapolis Housing Agency

Public Housing Waitlist

Open

Apply: Multiple

Online pre-applications are accepted for open waiting lists including Elderly Disabled Public Housing- Subsidized and Family Public Housing-Subsidized. Rent is income-based, and income limits apply. Eligibility includes meeting HUD citizenship/immigration status, applicant selection criteria, student status criteria, criminal activity screening, and acceptable prior rental history. Applicants with disabilities needing assistance or without computer access can call 317.261.7299.

Last verified March 20, 2026

Section 8 (HCV) Waitlist

Closed

The Section 8 waiting list is closed. Applications from the 2016 Lottery opening are currently being processed. Future waitlist openings will be publicly announced.

Last verified February 26, 2026

Waitlist data provided by section8waitlist.org

Updated May 8, 2026

Property Details

Total Units

4 Bedroom

Fair Market Rent - Marion 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 - Marion County, IN

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $17,150
Very Low (50%): $28,600
Low (80%): $45,750

2 Persons

Extremely Low (30%): $19,600
Very Low (50%): $32,650
Low (80%): $52,250

3 Persons

Extremely Low (30%): $22,050
Very Low (50%): $36,750
Low (80%): $58,800

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $40,800
Low (80%): $65,300

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $44,100
Low (80%): $70,550

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $47,350
Low (80%): $75,750

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $50,600
Low (80%): $81,000

8 Persons

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

Year Placed in Service

1992

Low-Income Units

0 / 23

Frequently Asked Questions

What is the average rent for affordable housing in Indianapolis, IN?+

The Fair Market Rent (FMR) for Marion County, IN is: $982 (Studio), $1145 (1BR), $1349 (2BR), $1758 (3BR), $2126 (4BR). Actual rent at subsidized properties like Caperton Homes is typically 30% of household income or less.

What size apartments are available at Caperton Homes?+

Caperton Homes offers the following unit types: 23 Four-Bedroom units, for a total of 23 units.

Is there a waitlist for Caperton Homes?+

Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

Who manages Caperton Homes?+

Caperton Homes is managed by . You can reach them at . Visit their website for more information.

What are the income limits for affordable housing in Marion County, IN?+

For a 4-person household in Marion 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.

How do I apply for housing at Caperton Homes?+

Caperton Homes 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.

Begin Application Now