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

Discover affordable housing in Humeston 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.

Humeston Housing Association Inc

315 N Front St, Humeston, Iowa 50123

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 Humeston, Iowa
$16.33/hour
$9.08 (+125%) more than Iowa minimum wage and $9.08 (+125%) more than the Federal minimum wage.
Learn More About Humeston, Iowa Affordable Housing ↓

What HUD offices serve Humeston, 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 Humeston, Iowa.

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

How many renters live in Humeston, Iowa?

The City of Humeston has 510 people living in 230 households.

There are 97 renters living in 48 renter households in this City. Renters make up 19.02 percent of the population living in Humeston.

What is the rental market like in Humeston, Iowa?

There are an estimated 272 housing units in the Humeston area. Of these, 53 units are rental homes, making up 19 percent of the housing market. For every renter household in Humeston, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Humeston?

The rental vacancy rate in Humeston is 9 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 Humeston for each bedroom size?

Occupied Rental Units by Size in Humeston
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3 27 7 11 0
Occupied Rental Units by Size in Humeston

A large number of apartments in Humeston 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 Humeston are overburdened by housing costs?

Among renter households in this market, 38 percent have housing cost burden. Further, 23 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 Humeston

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,148. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $630
One BR $675
Two BR $862
Three BR $1,042
Four BR $1,148
2024 Fair Market Rents in Humeston, Iowa

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

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 19 70 percent
Two BR 0 100 percent
Rental Units Below FMR in Humeston, Iowa

How many affordable rental units are in Humeston?

Income Based Apartments in Humeston, Iowa

Humeston features 42 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 Humeston, Iowa

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

Housing Choice Vouchers in Humeston, Iowa

On average, Section 8 Housing Choice vouchers pay Humeston landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Humeston.

The maximum amount a voucher would pay on behalf of a low-income tenant in Humeston, Iowa for a two-bedroom apartment is between $776 and $948.

Sourced from federal housing data and AffordableHousingOnline.com research.