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Affordable Housing In Arispe
Union County, Iowa

Housing Authorities that serve Arispe

Housing Authority Programs
Southern Iowa Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Arispe, Iowa

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Arispe, Iowa.

Income Based Apartments in Arispe, Iowa

Arispe features 0 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 Arispe, Iowa

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

Housing Choice Vouchers in Arispe, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Arispe, Iowa for a two-bedroom apartment is between $644 and $787.

2021 Arispe, Iowa Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $606 $610 $715 $1,017 $1,021
Payment Standard Range $545 to $667 $549 to $671 $644 to $787 $915 to $1,119 $919 to $1,123

Sourced from federal housing data and research.

Arispe, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 11.76%
Average Renter Household Size 4.00
Average Household Size 1.85
Median Household Income $36,000 ±$5,875
Median Rent $1,125 ±$518
Percentage Of Renters Overburdened 75% ± 315.98pp
Total Population 63

Population and Household Demographics

Arispe is a city in Union County, Iowa with a population of 63. There are 34 households in the city with an average household size of 1.85 persons. 11.76% of households in Arispe are renters.

Income and Rent Overburden in Arispe

The median gross income for households in Arispe is $36,000 a year, or $3,000 a month. The median rent for the city is $1,125 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Arispe, a household making less than $3,750 a month would be considered overburdened when renting an apartment at or above the median rent. 75% of households who rent are overburdened in Arispe.

Area Median Income In Arispe

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Arispe, the AMI is calculated from all households within Union County.

In Arispe, HUD calculates the Area Median Income for a family of four as $66,800

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 Arispe

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 HUD Rental Assistance in Arispe

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,250 $17,400 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $25,400 $29,000 $32,650 $36,250 $39,150 $42,050 $44,950 $47,850
80% of Median $40,600 $46,400 $52,200 $58,000 $62,650 $67,300 $71,950 $76,600