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Affordable Housing In Creston
Union County, Iowa

12 Low Income Apartment Communities In Creston

Green Valley Manor

124 Manor Dr
Creston, Iowa
Income Based
1-3 BR
Subsidized

Creston Plaza I

1001 S Sumner St
Creston, Iowa
Call For Rent
2-3 BR

The Iowana

203 W Montgomery Street
Creston, Iowa
Income Based
1-2 BR

Autumn House Apartments

107 N Division St
Creston, Iowa
Subsidized

Creston Plaza Apartments, Phase II

1003 S Sumner St
Creston, Iowa

Clearview Apartments

1013 Manor Dr
Creston, Iowa

Unselected

300 N Oak St
Creston, Iowa

Iowa

603 Grand Ave
Creston, Iowa

Creston Park Apartments

1501 N Lincoln St
Creston, Iowa

Housing Authorities that serve Creston

Housing Authority Programs
Southern Iowa Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Creston, Iowa

There are 12 low income housing apartment communities offering 471 affordable apartments for rent in Creston, Iowa.

Income Based Apartments in Creston, Iowa

Creston features 293 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 Creston, Iowa

There are 178 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Creston.

Housing Choice Vouchers in Creston, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Creston, Iowa for a two-bedroom apartment is between $644 and $787.

2021 Creston, 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 $606 $610 $715 $1,017 $1,021
Payment Standard Range $545 to $667 $549 to $671 $644 to $787 $915 to $1,119 $919 to $1,123

Sourced from federal housing data and AffordableHousingOnline.com research.

Creston, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 471
Total Housing Units with Rental Assistance 293
Percentage of Housing Units Occupied By Renters 34.39%
Average Renter Household Size 2.10
Average Household Size 2.29
Median Household Income $40,782 ±$3,027
Median Rent $573 ±$47
Percentage Of Renters Overburdened 41.15% ± 8.68pp
Total Population 7,886

Population and Household Demographics

Creston is a city in Union County, Iowa with a population of 7,886. There are 3,335 households in the city with an average household size of 2.29 persons. 34.39% of households in Creston are renters.

Income and Rent Overburden in Creston

The median gross income for households in Creston is $40,782 a year, or $3,399 a month. The median rent for the city is $573 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Creston, a household making less than $1,910 a month would be considered overburdened when renting an apartment at or above the median rent. 41.15% of households who rent are overburdened in Creston.

Area Median Income In Creston

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Creston, the AMI is calculated from all households within Union County.

In Creston, HUD calculates the Area Median Income for a family of four as $66,800

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 Creston

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 Creston

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