What HUD offices serve Asbury, 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 Asbury.
How many renters live in Asbury, Iowa?
The City of Asbury has people living in households.
There are renters living in renter households in this City. Renters make up 5.2 percent of the population living in Asbury.
What is the rental market like in Asbury, Iowa?
There are an estimated housing units in the Asbury area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Asbury, Iowa, there are 1 rental units.
What is the vacancy rate for rentals in Asbury?
The rental vacancy rate in Asbury 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 Asbury for each bedroom size?
Occupied Rental Units by Size in Asbury
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 94 | 28 | 5 |
Occupied Rental Units by Size in Asbury
A large number of apartments in Asbury have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Asbury
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $650 to $1,588. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $650 |
| One BR | $712 |
| Two BR | $936 |
| Three BR | $1,259 |
| Four BR | $1,588 |
2024 Fair Market Rents in Asbury, Iowa
How many units are rented at Fair Market Rent (FMR) in Asbury?
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 |
| Two BR | 55 | 59 percent |
Rental Units Below FMR in Asbury, Iowa
How many affordable rental units are in Asbury?
There are a variety of federal affordable housing programs serving households in Asbury, Iowa including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit |
Tracked Units by Federal Program in Asbury, Iowa
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Asbury, Iowa
Asbury 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 Asbury, Iowa
There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Asbury.
Housing Choice Vouchers in Asbury, Iowa
On average, Section 8 Housing Choice vouchers pay Asbury landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Asbury.
The maximum amount a voucher would pay on behalf of a low-income tenant in Asbury, Iowa for a two-bedroom apartment is between $842 and $1,030.
Sourced from federal housing data and AffordableHousingOnline.com research.