Indianapolis Indiana Section 8 Voucher Prices - Perfect for buy and hold investors!

[Mia Chatman]

New to BP forums but I've leased Section 8 properties here in Marion county (Indianapolis) for 8+ years. I’ve seen this exact document get updated several times but this is a first! You can buy a single family or duplex here in Indianapolis and using these new Section8 voucher amounts, rentals here in Indianapolis are fantastic investments! And these are base numbers. Don’t let the tenant have a little Social security or part time job income…that makes these amounts even more!

A few things I learned while leasing section8 properties here are.

-There are GOOD people that take care of property who are on section 8.

-Section8 tenants typically live in properties several more years than market tenants. (Less turnover)

-Property doesn’t have to be immaculate on the rehab or fully updated for a quality tenant to rent it.

- 2-4br single family homes are super desirable among voucher holders. 

Buy and hold some property in Indy!!!!!

[Jacopo Iasiello]

Hi Mia, welcome here! :)

[Lynn Wong]

Welcome to BP! Thanks for a good info! That’s good rent by section 8. 

[Brendan Yu]

This is what I'm seeing on the HUD website for 2024 in Indianapolis-Carmel. Was it just not updated yet?

[Mia Chatman]

Quote from @Brendan Yu:

This is what I'm seeing on the HUD website for 2024 in Indianapolis-Carmel. Was it just not updated yet?

This is close to rental amounts as what I posted does include a utility allowance. But since we know the process very well, we are able to 9/10 get rents than these amounts. 

[Mia Chatman]

***Get rents higher than these amounts