What HUD offices serve Corwith, Iowa?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Iowa Public Housing and Low-Income Apartments Waiting Lists page for openings near Corwith.
How many renters live in Corwith, Iowa?
The City of Corwith has 226 people living in 117 households.
There are 46 renters living in 21 renter households in this City. Renters make up 20.35 percent of the population living in Corwith.
What is the rental market like in Corwith, Iowa?
There are an estimated 151 housing units in the Corwith area. Of these, 21 units are rental homes, making up 14 percent of the housing market. For every renter household in Corwith, Iowa, there are 1 rental units.
What is the vacancy rate for rentals in Corwith?
The rental vacancy rate in Corwith is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Corwith for each bedroom size?
Occupied Rental Units by Size in Corwith
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 1 | 20 | 0 |
Occupied Rental Units by Size in Corwith
A large number of apartments in Corwith have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Corwith are overburdened by housing costs?
Among renter households in this market, 19 percent have housing cost burden. Further, 19 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Corwith
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,463. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $630 |
| One BR | $700 |
| Two BR | $862 |
| Three BR | $1,183 |
| Four BR | $1,463 |
2024 Fair Market Rents in Corwith, Iowa
How many units are rented at Fair Market Rent (FMR) in Corwith?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Two BR | 1 | 100 percent |
Rental Units Below FMR in Corwith, Iowa
How many affordable rental units are in Corwith?
Income Based Apartments in Corwith, Iowa
Corwith features 0 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 Corwith, Iowa
There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Corwith.
Housing Choice Vouchers in Corwith, Iowa
On average, Section 8 Housing Choice vouchers pay Corwith landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Corwith.
The maximum amount a voucher would pay on behalf of a low-income tenant in Corwith, Iowa for a two-bedroom apartment is between $776 and $948.
Sourced from federal housing data and AffordableHousingOnline.com research.
