Affordable Housing In Appanoose County
Iowa

7 Low Income Apartment Communities In Appanoose County

Centerville Senior Lofts

421 N Main Street
Centerville, IA
$418-650
1-2 BR
55+
HCV Welcome

Shamrock Heights

1020 Shamrock Ln
Centerville, IA
Subsidized

The Landings

1110 E Cross St
Centerville, IA
HCV Welcome

Moravia Community Housing

302 S Brandon Ave
Moravia, IA
Subsidized

Moulton Development Corporation

108 W Broadway St
Moulton, IA

317 E Oak St

317 E Oak St
Centerville, IA

Centerville Housing Inc Project 01 - 9

1315 E Cross St
Centerville, IA
Subsidized
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There are 7 low income housing apartment complexes which contain 985 affordable apartments for rent in Appanoose County. Many of these rental apartments are income based housing with 667 apartments that set rent based on your income. In Appanoose County, HUD housing programs support 51 rental assistance apartments through programs like Project-based Section 8. There are 318 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Appanoose County

Housing Authority Programs
Area XV Multi-County Housing Agency Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Appanoose County

Housing Authority Programs
Centerville Municipal Housing Agency Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Appanoose County, Iowa

Appanoose County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 985
Total Rent Assisted Apartments 667
Percentage of Housing Units Occupied By Renters 27.51%
Average Renter Household Size 1.95
Total Population 12,669
Housing Units 5,481
Average Household Size 2.28
Median Household Income $41,394 ±$1,872
Median Rent $536 ±$26
Percentage Of Renters Overburdened 36.67% ± 6.9pp

Population and Household Demographics

Appanoose County is a County in Iowa with a population of 12,669. There are 5,481 households in the county with an average household size of 2.28 persons. 27.51% of households in Appanoose County are renters.

Income and Rent Overburden in Appanoose County

The median gross income for households in Appanoose County is $41,394 a year, or $3,450 a month. The median rent for the county is $536 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Appanoose County, a household making less than $1,787 a month would be considered overburdened when renting an apartment at or above the median rent. 36.67% of households who rent are overburdened in Appanoose County.1

Area Median Income In Appanoose County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Appanoose County, HUD calculates the Area Median Income for a family of four as $58,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Appanoose County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Appanoose County HUD Rental Assistance in Appanoose County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,600 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
80% of Median $38,850 $44,400 $49,950 $55,500 $59,950 $64,400 $68,850 $73,300
Low Income Housing Tax Credits in Appanoose County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1997 to 1997, 1 low income apartment communities containing 50 rental apartments have been constructed and made affordable to low income persons in Appanoose County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Appanoose County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
60% of Median $29,160 $33,360 $37,500 $41,640 $45,000 $48,360 $51,660 $55,020

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Appanoose County is $37,500 a year, or $3,125 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,125 by 30% to get a maximum rent of $938 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $608 $651 $781 $903 $1,008 $1,111
60% $729 $782 $938 $1,083 $1,209 $1,334
Fair Market Rents in Appanoose County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$481 $502 $664 $840 $911

Cities In Appanoose County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Centerville 5 The HUD funded Public Housing Agency that serves Centerville is the Centerville Municipal Housing Agency.
Mystic 0 The HUD funded Public Housing Agency that serves Mystic is the Area XV Multi-County Housing Agency.
Moulton 1 The HUD funded Public Housing Agency that serves Moulton is the Area XV Multi-County Housing Agency.
Moravia 1 The HUD funded Public Housing Agency that serves Moravia is the Area XV Multi-County Housing Agency.
Cincinnati 0 The HUD funded Public Housing Agency that serves Cincinnati is the Area XV Multi-County Housing Agency.
Exline 0 The HUD funded Public Housing Agency that serves Exline is the Area XV Multi-County Housing Agency.
Numa 0 The HUD funded Public Housing Agency that serves Numa is the Area XV Multi-County Housing Agency.
Rathbun 0 The HUD funded Public Housing Agency that serves Rathbun is the Area XV Multi-County Housing Agency.
Udell 0 The HUD funded Public Housing Agency that serves Udell is the Area XV Multi-County Housing Agency.
Unionville 0 The HUD funded Public Housing Agency that serves Unionville is the Area XV Multi-County Housing Agency.
Plano 0 The HUD funded Public Housing Agency that serves Plano is the Area XV Multi-County Housing Agency.