What HUD offices serve Grand River, 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.
Go to the Iowa Public Housing and Low-Income Apartments Waiting Lists page for openings near Grand River.
How many renters live in Grand River, Iowa?
The City of Grand River has 184 people living in 91 households.
There are 29 renters living in 18 renter households in this City. Renters make up 15.76 percent of the population living in Grand River.
What is the rental market like in Grand River, Iowa?
There are an estimated 121 housing units in the Grand River area. Of these, 22 units are rental homes, making up 18 percent of the housing market. For every renter household in Grand River, Iowa, there are 1 rental units.
What is the vacancy rate for rentals in Grand River?
The rental vacancy rate in Grand River is 18 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 Grand River for each bedroom size?
Occupied Rental Units by Size in Grand River
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 3 | 7 | 8 | 0 | 0 |
Occupied Rental Units by Size in Grand River
A large number of apartments in Grand River 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 Grand River are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 28 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 Grand River
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,463. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $630 |
| One BR | $656 |
| Two BR | $862 |
| Three BR | $1,042 |
| Four BR | $1,463 |
2024 Fair Market Rents in Grand River, Iowa
How many units are rented at Fair Market Rent (FMR) in Grand River?
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 |
| Studio | 2 | 67 percent |
| One BR | 5 | 71 percent |
| Two BR | 3 | 38 percent |
Rental Units Below FMR in Grand River, Iowa
How many affordable rental units are in Grand River?
There are a variety of federal affordable housing programs serving households in Grand River, Iowa including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 8 |
Tracked Units by Federal Program in Grand River, Iowa
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Grand River, Iowa
Grand River features 8 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 Grand River, Iowa
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grand River.
Housing Choice Vouchers in Grand River, Iowa
On average, Section 8 Housing Choice vouchers pay Grand River landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Grand River.
The maximum amount a voucher would pay on behalf of a low-income tenant in Grand River, Iowa for a two-bedroom apartment is between $776 and $948.
Sourced from federal housing data and AffordableHousingOnline.com research.
