Affordable Housing In Clay County

11 Low Income Apartment Communities In Clay County

Southern Pointe Apartments

902 13th St SW
Spencer, IA
3-4 BR
Accepts Vouchers

Sunset Retirement Home East

111 E 20th St
Spencer, IA
Elderly Supportive Housing

Spencer Manor Apartments

503 E 19th St
Spencer, IA

Sunset Retirement Home North

118 E 21st St
Spencer, IA
Elderly Supportive Housing

N.W. Apartments

511 E 19th St
Spencer, IA
Accepts Vouchers

Old Spencer School

104 E 4th St
Spencer, IA
Accepts Vouchers

Sunrise Ltd 8 061

1807 W 18th St
Spencer, IA

N.W. Apartments

611 E 19th St
Spencer, IA
Accepts Vouchers

Spnia, Lp - 100 - 102 - 104 12th St Sw

100 12th St SW
Spencer, IA
Accepts Vouchers

Webb Apartments

515 Boyden St
Webb, IA
Accepts Vouchers

Other Housing Authorities located in Clay County

Housing Authority Programs
Northwest Iowa Regional Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Clay County, Iowa

There are 11 low income housing apartment communities offering 343 affordable apartments for rent in Clay County, Iowa. Clay County features 141 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 202 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Clay County.

Sourced from federal housing data and research.

Clay County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 343
Total Housing Units with Rental Assistance 141
Percentage of Housing Units Occupied By Renters 25.51%
Average Renter Household Size 2.19
Average Household Size 2.27
Median Household Income $50,389 ±$4,507
Median Rent $594 ±$53
Percentage Of Renters Overburdened 33.57% ± 8.04pp
Total Population 16,537

Population and Household Demographics

Clay County is a County in Iowa with a population of 16,537. There are 7,146 households in the county with an average household size of 2.27 persons. 25.51% of households in Clay County are renters.

Income and Rent Overburden in Clay County

The median gross income for households in Clay County is $50,389 a year, or $4,199 a month. The median rent for the county is $594 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Clay County, a household making less than $1,980 a month would be considered overburdened when renting an apartment at or above the median rent. 33.57% of households who rent are overburdened in Clay County.1

Area Median Income In Clay 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 Clay County, HUD calculates the Area Median Income for a family of four as $68,600

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 Clay 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 Clay County HUD Rental Assistance in Clay County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,600 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
80% of Median $38,850 $44,400 $49,950 $55,500 $59,950 $64,400 $68,850 $73,300
Fair Market Rents in Clay 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 $522 $687 $968 $1,154

Cities In Clay County

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

City Listings Served By
Spencer 9
Webb 1
Peterson 1
Gillett Grove 0
Greenville 0
Rossie 0
Royal 0
Dickens 0
Everly 0
Fostoria 0