Low Income Apartments and Affordable Housing For Rent in Taylor County, IA

Discover affordable housing in Taylor County 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.

New Market Housing Inc

100 Washington St, New Market, Iowa 51646

Bedford Comm Housing As

1504 Madison St, Bedford, Iowa 50833

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

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

What HUD offices serve Taylor County, 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Taylor County, Iowa.

Go to the Iowa Public Housing and Low-Income Apartments Waiting Lists page for openings near Taylor County.

How many renters live in Taylor County, Iowa?

The County of Taylor County has 5,916 people living in 2,442 households.

There are 994 renters living in 517 renter households in this County. Renters make up 16.8 percent of the population living in Taylor County.

What is the rental market like in Taylor County, Iowa?

There are an estimated 2,908 housing units in the Taylor County area. Of these, 556 units are rental homes, making up 19 percent of the housing market. For every renter household in Taylor County, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Taylor County?

The rental vacancy rate in Taylor County is 7 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 Taylor County for each bedroom size?

Occupied Rental Units by Size in Taylor County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 132 210 138 30
Occupied Rental Units by Size in Taylor County

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

Among renter households in this market, 17 percent have housing cost burden. Further, 8 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 Taylor County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,148. 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 $1,042
Four BR $1,148
2024 Fair Market Rents in Taylor County, Iowa

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

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 94 71 percent
Two BR 126 60 percent
Rental Units Below FMR in Taylor County, Iowa

How many affordable rental units are in Taylor County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
Public Housing 35
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Taylor County, Iowa

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

Income Based Apartments in Taylor County, Iowa

Taylor County features 32 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 Taylor County, Iowa

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

Housing Choice Vouchers in Taylor County, Iowa

On average, Section 8 Housing Choice vouchers pay Taylor County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Taylor County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.