What HUD offices serve Grimes, 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 Grimes.
How many renters live in Grimes, Iowa?
The City of Grimes has 15,402 people living in 5,736 households.
There are 3,763 renters living in 1,844 renter households in this City. Renters make up 24.43 percent of the population living in Grimes.
What is the rental market like in Grimes, Iowa?
There are an estimated 5,773 housing units in the Grimes area. Of these, 1,844 units are rental homes, making up 32 percent of the housing market. For every renter household in Grimes, Iowa, there are 1 rental units.
What is the vacancy rate for rentals in Grimes?
The rental vacancy rate in Grimes is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Grimes for each bedroom size?
Occupied Rental Units by Size in Grimes
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 31 | 381 | 823 | 327 | 282 |
Occupied Rental Units by Size in Grimes
A large number of apartments in Grimes 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 Grimes are overburdened by housing costs?
Among renter households in this market, 25 percent have housing cost burden. Further, 14 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 Grimes
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $833 to $1,481. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $833 |
| One BR | $899 |
| Two BR | $1,080 |
| Three BR | $1,477 |
| Four BR | $1,481 |
2024 Fair Market Rents in Grimes, Iowa
How many units are rented at Fair Market Rent (FMR) in Grimes?
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 | 19 | 61 percent |
| One BR | 51 | 13 percent |
| Two BR | 427 | 52 percent |
Rental Units Below FMR in Grimes, Iowa
How many affordable rental units are in Grimes?
There are a variety of federal affordable housing programs serving households in Grimes, Iowa including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 197 |
| USDA Section 515 Rural Rental Housing | 56 |
Tracked Units by Federal Program in Grimes, Iowa
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Grimes, Iowa
Grimes features 56 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 Grimes, Iowa
There are 228 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grimes.
Housing Choice Vouchers in Grimes, Iowa
On average, Section 8 Housing Choice vouchers pay Grimes landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Grimes.
The maximum amount a voucher would pay on behalf of a low-income tenant in Grimes, Iowa for a two-bedroom apartment is between $972 and $1,188.
Sourced from federal housing data and AffordableHousingOnline.com research.
