What HUD offices serve Oxford Junction, 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 Oxford Junction.
How many renters live in Oxford Junction, Iowa?
The City of Oxford Junction has 540 people living in 181 households.
There are 119 renters living in 42 renter households in this City. Renters make up 22.04 percent of the population living in Oxford Junction.
What is the rental market like in Oxford Junction, Iowa?
There are an estimated 221 housing units in the Oxford Junction area. Of these, 47 units are rental homes, making up 21 percent of the housing market. For every renter household in Oxford Junction, Iowa, there are 1 rental units.
What is the vacancy rate for rentals in Oxford Junction?
The rental vacancy rate in Oxford Junction 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 Oxford Junction for each bedroom size?
Occupied Rental Units by Size in Oxford Junction
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 3 | 5 | 18 | 16 |
Occupied Rental Units by Size in Oxford Junction
A large number of apartments in Oxford Junction 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 Oxford Junction are overburdened by housing costs?
Among renter households in this market, 50 percent have housing cost burden. Further, 29 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 Oxford Junction
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $584 to $1,148. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $584 |
| One BR | $669 |
| Two BR | $862 |
| Three BR | $1,144 |
| Four BR | $1,148 |
2024 Fair Market Rents in Oxford Junction, Iowa
How many units are rented at Fair Market Rent (FMR) in Oxford Junction?
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 | 2 | 67 percent |
| Two BR | 3 | 60 percent |
Rental Units Below FMR in Oxford Junction, Iowa
How many affordable rental units are in Oxford Junction?
There are a variety of federal affordable housing programs serving households in Oxford Junction, Iowa including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 10 |
Tracked Units by Federal Program in Oxford Junction, Iowa
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Oxford Junction, Iowa
Oxford Junction features 10 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 Oxford Junction, Iowa
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oxford Junction.
Housing Choice Vouchers in Oxford Junction, Iowa
On average, Section 8 Housing Choice vouchers pay Oxford Junction landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Oxford Junction.
The maximum amount a voucher would pay on behalf of a low-income tenant in Oxford Junction, Iowa for a two-bedroom apartment is between $776 and $948.
Sourced from federal housing data and AffordableHousingOnline.com research.
