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

Discover affordable housing in Parkersburg where there are 3+ 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.

Crestview of Parkersburg

1208 Florence St, Parkersburg, Iowa 50665

Prairie Village of Parkersburg

202 N Johnson, Parkersburg, Iowa

Parkersburg Housing

405 5th St, Parkersburg, Iowa 50665

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Parkersburg, 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 Parkersburg, Iowa Affordable Housing ↓

How many renters live in Parkersburg, Iowa?

The City of Parkersburg has 1,738 people living in 702 households.

There are 298 renters living in 146 renter households in this City. Renters make up 17.15 percent of the population living in Parkersburg.

What is the rental market like in Parkersburg, Iowa?

There are an estimated 891 housing units in the Parkersburg area. Of these, 274 units are rental homes, making up 31 percent of the housing market. For every renter household in Parkersburg, Iowa, there are 2 rental units.

What is the vacancy rate for rentals in Parkersburg?

The rental vacancy rate in Parkersburg is 39 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 Parkersburg for each bedroom size?

Occupied Rental Units by Size in Parkersburg
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 32 59 24 18
Occupied Rental Units by Size in Parkersburg

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

Among renter households in this market, 33 percent have housing cost burden. Further, 26 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 Parkersburg

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,333. 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 $1,100
Four BR $1,333
2024 Fair Market Rents in Parkersburg, Iowa

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

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 16 50 percent
Two BR 59 100 percent
Rental Units Below FMR in Parkersburg, Iowa

How many affordable rental units are in Parkersburg?

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

Federal Program Unit Count
Low Income Housing Tax Credit 20
USDA Section 515 Rural Rental Housing 60
Tracked Units by Federal Program in Parkersburg, Iowa

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

Income Based Apartments in Parkersburg, Iowa

Parkersburg features 52 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 Parkersburg, Iowa

There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Parkersburg.

Housing Choice Vouchers in Parkersburg, Iowa

On average, Section 8 Housing Choice vouchers pay Parkersburg landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Parkersburg.

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

Sourced from federal housing data and AffordableHousingOnline.com research.