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Affordable Housing In Boone County
Iowa

10 Low Income Apartment Communities In Boone County

Cedar Crossing Senior Apartments

2003 Cedar Street
Boone, Iowa
$663
1 BR
62+

Alice Place at Boone

1704 Hawkeye Dr
Boone, Iowa
$615-700
1-2 BR
Market Rate
55+

Pinnacle Apartments

316 2nd St
Boone, Iowa
Subsidized

Bright Meadows

619 Haws Dr
Ogden, Iowa
Subsidized

Candleridge Boone

1024 Parkway Dr
Boone, Iowa

Boone Sundance Apartments

1309 S Linn St
Boone, Iowa

Candleridge Apartments of Boone

1012 Parkway Dr
Boone, Iowa
Subsidized

Cirha Public Housing

305 Greene St
Boone, Iowa

Linden Apartments

1111 Parkway Dr
Boone, Iowa
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Housing Authorities that serve Boone County

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

Guide To Affordable Housing in Boone County, Iowa

There are 10 low income housing apartment communities offering 390 affordable apartments for rent in Boone County, Iowa.

Income Based Apartments in Boone County, Iowa

Boone County features 236 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 Boone County, Iowa

There are 154 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Boone County.

Housing Choice Vouchers in Boone County, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Boone County, Iowa for a two-bedroom apartment is between $709 and $867.

2021 Boone County, 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 $572 $626 $788 $1,037 $1,226
Payment Standard Range $515 to $629 $563 to $689 $709 to $867 $933 to $1,141 $1,103 to $1,349

Sourced from federal housing data and AffordableHousingOnline.com research.

Boone County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 10
Total Low Income Apartments 390
Total Housing Units with Rental Assistance 236
Percentage of Housing Units Occupied By Renters 24.58%
Average Renter Household Size 2.24
Average Household Size 2.37
Median Household Income $52,985 ±$2,343
Median Rent $644 ±$42
Percentage Of Renters Overburdened 36.9% ± 6.97pp
Total Population 26,401

Population and Household Demographics

Boone County is a county in Iowa with a population of 26,401. There are 10,759 households in the county with an average household size of 2.37 persons. 24.58% of households in Boone County are renters.

Income and Rent Overburden in Boone County

The median gross income for households in Boone County is $52,985 a year, or $4,415 a month. The median rent for the county is $644 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Boone County, a household making less than $2,147 a month would be considered overburdened when renting an apartment at or above the median rent. 36.9% of households who rent are overburdened in Boone County.

Area Median Income In Boone 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 Boone County, HUD calculates the Area Median Income for a family of four as $77,700

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 Boone 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 HUD Rental Assistance in Boone County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,350 $18,650 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $27,200 $31,100 $35,000 $38,850 $42,000 $45,100 $48,200 $51,300
80% of Median $43,550 $49,750 $55,950 $62,150 $67,150 $72,100 $77,100 $82,050

Cities In Boone County

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

City Served By
Beaver The HUD funded Public Housing Agency that serves Beaver is the Central Iowa Regional Housing Authority.
Berkley The HUD funded Public Housing Agency that serves Berkley is the Central Iowa Regional Housing Authority.
Boone The HUD funded Public Housing Agency that serves Boone is the Central Iowa Regional Housing Authority.
Boxholm The HUD funded Public Housing Agency that serves Boxholm is the Central Iowa Regional Housing Authority.
Fraser The HUD funded Public Housing Agency that serves Fraser is the Central Iowa Regional Housing Authority.
Luther The HUD funded Public Housing Agency that serves Luther is the Central Iowa Regional Housing Authority.
Madrid The HUD funded Public Housing Agency that serves Madrid is the Central Iowa Regional Housing Authority.
Ogden The HUD funded Public Housing Agency that serves Ogden is the Central Iowa Regional Housing Authority.
Pilot Mound The HUD funded Public Housing Agency that serves Pilot Mound is the Central Iowa Regional Housing Authority.
Sheldahl The HUD funded Public Housing Agency that serves Sheldahl is the Central Iowa Regional Housing Authority.