Affordable Housing In Cherokee County

5 Low Income Apartment Communities In Cherokee County

Autumn Park Apartments ~ Cherokee

1003 E Ridgeview Dr
Cherokee, IA

Willowbrook Apartments

925 Jeffries St
Cherokee, IA
HCV Welcome

Lewis Apartments

231 W Main St
Cherokee, IA
HCV Welcome

Aurelia Housing Corp. - 216 Walnut

216 Walnut St
Aurelia, IA
HCV Welcome

Ridgeview Village Sirha

1025 N Roosevelt Ave
Cherokee, IA
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Guide To Affordable Housing in Cherokee County, Iowa

There are 5 low income housing apartment communities offering 280 affordable apartments for rent in Cherokee County, Iowa. Cherokee County features 62 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 218 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Cherokee County.

Sourced from federal housing data and research.

Cherokee County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 280
Total Housing Units with Rental Assistance 62
Percentage of Housing Units Occupied By Renters 26.25%
Average Renter Household Size 1.90
Average Household Size 2.14
Median Household Income $48,599 ±$4,399
Median Rent $516 ±$81
Percentage Of Renters Overburdened 24.57% ± 7.83pp
Total Population 11,853

Population and Household Demographics

Cherokee County is a County in Iowa with a population of 11,853. There are 5,334 households in the county with an average household size of 2.14 persons. 26.25% of households in Cherokee County are renters.

Income and Rent Overburden in Cherokee County

The median gross income for households in Cherokee County is $48,599 a year, or $4,050 a month. The median rent for the county is $516 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cherokee County, a household making less than $1,720 a month would be considered overburdened when renting an apartment at or above the median rent. 24.57% of households who rent are overburdened in Cherokee County.1

Area Median Income In Cherokee 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 Cherokee County, HUD calculates the Area Median Income for a family of four as $70,500

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 Cherokee 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 Cherokee County HUD Rental Assistance in Cherokee County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,850 $16,950 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,700 $28,200 $31,750 $35,250 $38,100 $40,900 $43,750 $46,550
80% of Median $39,500 $45,150 $50,800 $56,400 $60,950 $65,450 $69,950 $74,450
Low Income Housing Tax Credits in Cherokee County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1994 to 1996, 2 low income apartment communities containing 44 rental apartments have been constructed and made affordable to low income persons in Cherokee County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Cherokee County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,700 $28,200 $31,750 $35,250 $38,100 $40,900 $43,750 $46,550
60% of Median $29,640 $33,840 $38,100 $42,300 $45,720 $49,080 $52,500 $55,860

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Cherokee County is $38,100 a year, or $3,175 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,175 by 30% to get a maximum rent of $953 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $618 $661 $794 $917 $1,023 $1,129
60% $741 $794 $953 $1,100 $1,227 $1,355
Fair Market Rents in Cherokee County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$497 $559 $687 $991 $1,047

Cities In Cherokee County

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

City Listings Served By
Cherokee 4
Aurelia 1
Cleghorn 0
Washta 0
Larrabee 0
Marcus 0
Meriden 0
Quimby 0