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 |
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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.
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.
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.
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.