About This Property
Pearson Place comprises 35 affordable residential units in Shelbyville, Indiana, with 31 designated for low-income households. The community features a unit mix of 2 studios, 12 one-bedroom apartments, and 21 two-bedroom apartments, having been placed in service in 2006. The property is funded through the HOME program.
Property Details
Fair Market Rent - Shelby 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 - Shelby 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 Shelbyville, IN?+
The Fair Market Rent (FMR) for Shelby County, IN is: $982 (Studio), $1145 (1BR), $1349 (2BR), $1758 (3BR), $2126 (4BR). Actual rent at subsidized properties like Pearson Place is typically 30% of household income or less.
What size apartments are available at Pearson Place?+
Pearson Place offers the following unit types: 2 Studio, 12 One-Bedroom, 21 Two-Bedroom units, for a total of 35 units.
Who manages Pearson Place?+
Pearson Place is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Pearson Place?+
Pearson Place 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 Shelbyville, IN?+
Based on Fair Market Rent for Shelby County, the estimated price range is: 1-bedroom: $1145, 2-bedroom: $1349. Actual rent at Pearson Place may be lower for income-eligible households.
What are the income limits for affordable housing in Shelby County, IN?+
For a 4-person household in Shelby 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
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Pearson Place
Cimarron Place Apts
Shelbyville, IN
128 UnitsShelby'S Landing
Shelbyville, IN
0 UnitsHendricks Pointe Apts
Shelbyville, IN
37 UnitsLoper Commons Apts I
Shelbyville, IN
98 UnitsShelby'S Landing Apts
Shelbyville, IN
120 UnitsNorth Harrison Senior Apartments
Shelbyville, IN
42 Units