2018 Hamilton County Housing Needs Assessment
Every five years, HAND joins the Noblesville Housing Authority in updating the Hamilton County Housing Needs Assessment. This data-driven analysis of the state of housing in the community was last completed in 2018.
The report, produced by Novogradac & Co., showed that the cost of living in Hamilton County is higher than both the state and nationwide averages, and that housing costs are one of the reasons why.
In fact, United Way data shows that a Hamilton County family of four (two adults, one infant and one preschooler) would need to bring home $80,880 annually just to pay for basic expenses.
Countywide, 28 percent of households can’t afford to buy an existing home home, the 2018 report found, and 34 percent of households can’t afford to build a home here.
Overall, for every 100 low-income renters or owners, there are just 69 affordable units available in Hamilton County.
The 2018 report concluded that Hamilton County will need 3,465 more rental units and 6,700 more for-sale units for low-income households by 2022.
2018 Hamilton County Housing Needs Assessment (pdf)