Affordable Housing In Boone County
10 Low Income Apartment Communities In Boone County
Housing Authorities that serve Boone County
|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 $670 and $818.
2020 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||$538||$607||$744||$997||$1,121|
|Payment Standard Range||$484 to $592||$546 to $668||$670 to $818||$897 to $1,097||$1,009 to $1,233|
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|
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.1
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 $74,600
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 Boone County 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||$15,700||$17,950||$21,330||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$26,150||$29,850||$33,600||$37,300||$40,300||$43,300||$46,300||$49,250|
|80% of Median||$41,800||$47,800||$53,750||$59,700||$64,500||$69,300||$74,050||$78,850|
Cities In Boone County
Select A City to View its Apartment Communities and Waiting Lists.
|Boone||9||The HUD funded Public Housing Agency that serves Boone is the Central Iowa Regional Housing Authority.|
|Ogden||1||The HUD funded Public Housing Agency that serves Ogden is the Central Iowa Regional Housing Authority.|
|Beaver||0||The HUD funded Public Housing Agency that serves Beaver is the Central Iowa Regional Housing Authority.|
|Pilot Mound||0||The HUD funded Public Housing Agency that serves Pilot Mound is the Central Iowa Regional Housing Authority.|
|Sheldahl||0||The HUD funded Public Housing Agency that serves Sheldahl is the Central Iowa Regional Housing Authority.|
|Berkley||0||The HUD funded Public Housing Agency that serves Berkley is the Central Iowa Regional Housing Authority.|
|Boxholm||0||The HUD funded Public Housing Agency that serves Boxholm is the Central Iowa Regional Housing Authority.|
|Fraser||0||The HUD funded Public Housing Agency that serves Fraser is the Central Iowa Regional Housing Authority.|
|Luther||0||The HUD funded Public Housing Agency that serves Luther is the Central Iowa Regional Housing Authority.|
|Madrid||0||The HUD funded Public Housing Agency that serves Madrid is the Central Iowa Regional Housing Authority.|