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Affordable Housing In Cerro Gordo County
Iowa

22 Low Income Apartment Communities In Cerro Gordo County

Legacy Manor of Mason City II

3300 9th St SW
Mason City, Iowa
$375-650
2 BR
Market Rate
55+

Regency Apartments

1531 6th Pl SE
Mason City, Iowa
Subsidized

Lakeland Park Apartments

210 W 10th Ave N
Clear Lake, Iowa
Subsidized

Autumn Park Apartments ~ Mason City

710 S Pierce Ave
Mason City, Iowa
Subsidized

Three Links Apartments

1033 19th St SW
Mason City, Iowa
Subsidized
62+
Accessible
Elderly Supportive Housing

Pilgrim Place

741 S Illinois Ave
Mason City, Iowa
Subsidized
62+
Accessible
Elderly Supportive Housing

Shalom Towers II

321 4th St NE
Mason City, Iowa
Subsidized
62+
Accessible
Elderly Supportive Housing

Westside Manor

2401 S Taft Ave
Mason City, Iowa
Subsidized

Pebble Creek II

190 S Grove
Mason City, Iowa

Grant Village

823 6th St SW
Mason City, Iowa
Subsidized

Housing Authorities that serve Cerro Gordo County

Housing Authority Programs
North Iowa Regional Housing Authority Public Housing

Guide To Affordable Housing in Cerro Gordo County, Iowa

There are 22 low income housing apartment communities offering 981 affordable apartments for rent in Cerro Gordo County, Iowa.

Income Based Apartments in Cerro Gordo County, Iowa

Cerro Gordo County features 683 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 Cerro Gordo County, Iowa

There are 298 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cerro Gordo County.

Housing Choice Vouchers in Cerro Gordo County, Iowa

On average, Section 8 Housing Choice vouchers pay Cerro Gordo County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Cerro Gordo County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cerro Gordo County, Iowa for a two-bedroom apartment is between $683 and $835.

2020 Cerro Gordo 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 $495 $576 $759 $980 $1,187
Payment Standard Range $446 to $545 $518 to $634 $683 to $835 $882 to $1,078 $1,068 to $1,306

Sourced from federal housing data and AffordableHousingOnline.com research.

Cerro Gordo County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 22
Total Low Income Apartments 981
Total Housing Units with Rental Assistance 683
Percentage of Housing Units Occupied By Renters 28.96%
Average Renter Household Size 1.83
Average Household Size 2.17
Median Household Income $46,122 ±$1,395
Median Rent $617 ±$19
Percentage Of Renters Overburdened 39.37% ± 5.16pp
Total Population 43,481

Population and Household Demographics

Cerro Gordo County is a county in Iowa with a population of 43,481. There are 19,519 households in the county with an average household size of 2.17 persons. 28.96% of households in Cerro Gordo County are renters.

Income and Rent Overburden in Cerro Gordo County

The median gross income for households in Cerro Gordo County is $46,122 a year, or $3,844 a month. The median rent for the county is $617 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cerro Gordo County, a household making less than $2,057 a month would be considered overburdened when renting an apartment at or above the median rent. 39.37% of households who rent are overburdened in Cerro Gordo County.

Area Median Income In Cerro Gordo 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 Cerro Gordo County, HUD calculates the Area Median Income for a family of four as $71,700

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 Cerro Gordo 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 Cerro Gordo County

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

Cities In Cerro Gordo County

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

City Served By
Burchinal The HUD funded Public Housing Agency that serves Burchinal is the North Iowa Regional Housing Authority.
Clear Lake The HUD funded Public Housing Agency that serves Clear Lake is the North Iowa Regional Housing Authority.
Dougherty The HUD funded Public Housing Agency that serves Dougherty is the North Iowa Regional Housing Authority.
Mason City The HUD funded Public Housing Agencies that serve Mason City are the Mason City Housing Authority and North Iowa Regional Housing Authority.
Meservey The HUD funded Public Housing Agency that serves Meservey is the North Iowa Regional Housing Authority.
Nora Springs The HUD funded Public Housing Agency that serves Nora Springs is the North Iowa Regional Housing Authority.
Plymouth The HUD funded Public Housing Agency that serves Plymouth is the North Iowa Regional Housing Authority.
Portland The HUD funded Public Housing Agency that serves Portland is the North Iowa Regional Housing Authority.
Rock Falls The HUD funded Public Housing Agency that serves Rock Falls is the North Iowa Regional Housing Authority.
Rockwell The HUD funded Public Housing Agency that serves Rockwell is the North Iowa Regional Housing Authority.
Rockwell City The HUD funded Public Housing Agency that serves Rockwell City is the North Iowa Regional Housing Authority.
Swaledale The HUD funded Public Housing Agency that serves Swaledale is the North Iowa Regional Housing Authority.
Thornton The HUD funded Public Housing Agency that serves Thornton is the North Iowa Regional Housing Authority.
Ventura The HUD funded Public Housing Agency that serves Ventura is the North Iowa Regional Housing Authority.