Affordable Housing In Clayton County
Iowa

5 Low Income Apartment Communities In Clayton County

R.I.S.E. Group Home

107 Maxie Ave NE
Elkader, IA
62+
Accessible
Elderly Supportive Housing
Subsidized

Iowa

931 Acre St
Guttenberg, IA
HCV Welcome

Monona Housing Inc

401 W Iowa St
Monona, IA
Subsidized

Strawberry Leisure Homes

401 Commercial St
Strawberry Point, IA
HCV Welcome

Luana Housing Inc

208 Church St
Luana, IA
Subsidized
  • «
  • 1
  • »

Guide To Affordable Housing in Clayton County, Iowa

There are 5 low income housing apartment communities offering 114 affordable apartments for rent in Clayton County, Iowa. Clayton County features 96 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 18 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Clayton County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Clayton County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 114
Total Housing Units with Rental Assistance 96
Percentage of Housing Units Occupied By Renters 21.58%
Average Renter Household Size 2.17
Average Household Size 2.30
Median Household Income $48,007 ±$1,518
Median Rent $574 ±$24
Percentage Of Renters Overburdened 35.69% ± 4.84pp
Total Population 17,806

Population and Household Demographics

Clayton County is a County in Iowa with a population of 17,806. There are 7,608 households in the county with an average household size of 2.30 persons. 21.58% of households in Clayton County are renters.

Income and Rent Overburden in Clayton County

The median gross income for households in Clayton County is $48,007 a year, or $4,001 a month. The median rent for the county is $574 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Clayton County, a household making less than $1,913 a month would be considered overburdened when renting an apartment at or above the median rent. 35.69% of households who rent are overburdened in Clayton County.1

Area Median Income In Clayton 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 Clayton County, HUD calculates the Area Median Income for a family of four as $65,300

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 Clayton 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 Clayton County HUD Rental Assistance in Clayton 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

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 Clayton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
60% of Median $29,160 $33,360 $37,500 $41,640 $45,000 $48,360 $51,660 $55,020

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 Clayton County is $37,500 a year, or $3,125 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,125 by 30% to get a maximum rent of $938 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% $608 $651 $781 $903 $1,008 $1,111
60% $729 $782 $938 $1,083 $1,209 $1,334
Fair Market Rents in Clayton 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
$482 $522 $687 $856 $931

Cities In Clayton County

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

City Listings Served By
Elkader 1
Luana 1
Monona 1
Strawberry Point 1
Edgewood 0
Garnavillo 0
Clayton 0
Farmersburg 0
Garber 0
Guttenberg 1
Millville 0
North Buena Vista 0
Osterdock 0
Volga 0
Elkport 0
McGregor 0
Marquette 0
St. Olaf 0