Low Income Apartments and Affordable Housing For Rent in Bloomfield, IA

Discover affordable housing in Bloomfield where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Bloomfield Comm Hsg Project 02-4

402 E South St, Bloomfield, Iowa 52537

Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bloomfield, Iowa
$16.44/hour
$9.19 (+127%) more than Iowa minimum wage and $9.19 (+127%) more than the Federal minimum wage.
Learn More About Bloomfield, Iowa Affordable Housing ↓

What HUD offices serve Bloomfield, Iowa?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Bloomfield, Iowa.

Go to the Iowa Public Housing and Low-Income Apartments Waiting Lists page for openings near Bloomfield.

How many renters live in Bloomfield, Iowa?

The City of Bloomfield has 2,687 people living in 1,105 households.

There are 694 renters living in 326 renter households in this City. Renters make up 25.83 percent of the population living in Bloomfield.

What is the rental market like in Bloomfield, Iowa?

There are an estimated 1,157 housing units in the Bloomfield area. Of these, 366 units are rental homes, making up 32 percent of the housing market. For every renter household in Bloomfield, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Bloomfield?

The rental vacancy rate in Bloomfield is 11 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Bloomfield for each bedroom size?

Occupied Rental Units by Size in Bloomfield
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 104 157 57 0
Occupied Rental Units by Size in Bloomfield

A large number of apartments in Bloomfield have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Bloomfield are overburdened by housing costs?

Among renter households in this market, 37 percent have housing cost burden. Further, 9 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Bloomfield

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $634 to $1,156. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $634
One BR $699
Two BR $868
Three BR $1,050
Four BR $1,156
2024 Fair Market Rents in Bloomfield, Iowa

How many units are rented at Fair Market Rent (FMR) in Bloomfield?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
One BR 75 72 percent
Two BR 74 47 percent
Rental Units Below FMR in Bloomfield, Iowa

How many affordable rental units are in Bloomfield?

There are a variety of federal affordable housing programs serving households in Bloomfield, Iowa including the following:

Federal Program Unit Count
Public Housing 19
USDA Section 515 Rural Rental Housing 56
Tracked Units by Federal Program in Bloomfield, Iowa

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Bloomfield, Iowa

Bloomfield features 24 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Bloomfield, Iowa

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bloomfield.

Housing Choice Vouchers in Bloomfield, Iowa

On average, Section 8 Housing Choice vouchers pay Bloomfield landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Bloomfield.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bloomfield, Iowa for a two-bedroom apartment is between $781 and $955.

Sourced from federal housing data and AffordableHousingOnline.com research.