Low Income Apartments and Affordable Housing For Rent in Strawberry Point, IA

Discover affordable housing in Strawberry Point where there are 2+ 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.

Strawberry Leisure Homes

401 Commercial St, Strawberry Point, Iowa 52076

Strawberry Homes

615 Commercial St, Strawberry Point, Iowa

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

How many renters live in Strawberry Point, Iowa?

The City of Strawberry Point has 1,427 people living in 636 households.

There are 341 renters living in 221 renter households in this City. Renters make up 23.9 percent of the population living in Strawberry Point.

What is the rental market like in Strawberry Point, Iowa?

There are an estimated 691 housing units in the Strawberry Point area. Of these, 221 units are rental homes, making up 32 percent of the housing market. For every renter household in Strawberry Point, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Strawberry Point?

The rental vacancy rate in Strawberry Point 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 Strawberry Point for each bedroom size?

Occupied Rental Units by Size in Strawberry Point
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
11 74 71 47 18
Occupied Rental Units by Size in Strawberry Point

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

Among renter households in this market, 32 percent have housing cost burden. Further, 24 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 Strawberry Point

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 $656
Two BR $862
Three BR $1,067
Four BR $1,148
2024 Fair Market Rents in Strawberry Point, Iowa

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

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 3 27 percent
One BR 63 85 percent
Two BR 67 94 percent
Rental Units Below FMR in Strawberry Point, Iowa

How many affordable rental units are in Strawberry Point?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Strawberry Point, Iowa

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

Income Based Apartments in Strawberry Point, Iowa

Strawberry Point features 16 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 Strawberry Point, Iowa

There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Strawberry Point.

Housing Choice Vouchers in Strawberry Point, Iowa

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.