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Affordable Housing In Decorah
Winneshiek County, Iowa

4 Low Income Apartment Communities In Decorah

Heritage Haven Decorah

509 Goose Island Dr
Decorah, Iowa
Income Based
Studio-1 BR
62+
Elderly Supportive Housing

Oneota Village

5 Ohio St
Decorah, Iowa
Subsidized

Washington Court Apartments

510 Washington St
Decorah, Iowa

Pyramid Properties

708 Maiden Ln
Decorah, Iowa
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Housing Authorities that serve Decorah

Housing Authority Programs
Low Rent Housing Agency of Decorah Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Decorah, Iowa

There are 4 low income housing apartment communities offering 81 affordable apartments for rent in Decorah, Iowa.

Income Based Apartments in Decorah, Iowa

Decorah features 58 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 Decorah, Iowa

There are 23 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Decorah.

Housing Choice Vouchers in Decorah, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Decorah, Iowa for a two-bedroom apartment is between $618 and $756.

2020 Decorah, 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 $497 $522 $687 $937 $940
Payment Standard Range $447 to $547 $470 to $574 $618 to $756 $843 to $1,031 $846 to $1,034

Sourced from federal housing data and AffordableHousingOnline.com research.

Decorah, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 81
Total Housing Units with Rental Assistance 58
Percentage of Housing Units Occupied By Renters 33.45%
Average Renter Household Size 1.59
Average Household Size 1.92
Median Household Income $50,388 ±$5,980
Median Rent $576 ±$21
Percentage Of Renters Overburdened 37.68% ± 9.82pp
Total Population 8,009

Population and Household Demographics

Decorah is a city in Winneshiek County, Iowa with a population of 8,009. There are 2,984 households in the city with an average household size of 1.92 persons. 33.45% of households in Decorah are renters.

Income and Rent Overburden in Decorah

The median gross income for households in Decorah is $50,388 a year, or $4,199 a month. The median rent for the city is $576 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Decorah, a household making less than $1,920 a month would be considered overburdened when renting an apartment at or above the median rent. 37.68% of households who rent are overburdened in Decorah.

Area Median Income In Decorah

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 Decorah, the AMI is calculated from all households within Winneshiek County.

In Decorah, HUD calculates the Area Median Income for a family of four as $80,700

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 Decorah

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 Decorah

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,950 $19,400 $21,800 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $28,250 $32,300 $36,350 $40,350 $43,600 $46,850 $50,050 $53,300
80% of Median $45,200 $51,650 $58,100 $64,550 $69,750 $74,900 $80,050 $85,250