Affordable Housing In Dickinson County

11 Low Income Apartment Communities In Dickinson County

Sunrise Apartments

2300 23rd St
Spirit Lake, IA

The Antlers

1703 Hill Ave
Spirit Lake, IA
HCV Welcome

River West Apartments

674 Us Highway 71
Milford, IA
HCV Welcome

Milford Housing 1 01 - 7

1007 H Ave
Milford, IA

Silver Lake Apartments

212 E 4th St
Lake Park, IA
HCV Welcome

Sunrise Ltd 7 050

1901 23rd St
Spirit Lake, IA

Arapahoe Village Apartments

2104 Jackson Ave
Spirit Lake, IA
HCV Welcome

Lakeside Apartments

664 Terrace Park Blvd
Milford, IA
HCV Welcome

Lakewood Court

607 15th St
Spirit Lake, IA
HCV Welcome

River West Apartments, L.

3200 Okoboji Ave
Milford, IA
HCV Welcome

Other Housing Authorities located in Dickinson County

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

Guide To Affordable Housing in Dickinson County, Iowa

There are 11 low income housing apartment communities offering 324 affordable apartments for rent in Dickinson County, Iowa. Dickinson County features 164 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 160 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Dickinson County.

Sourced from federal housing data and research.

Dickinson County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 324
Total Housing Units with Rental Assistance 164
Percentage of Housing Units Occupied By Renters 24.51%
Average Renter Household Size 1.99
Average Household Size 2.14
Median Household Income $57,265 ±$2,366
Median Rent $643 ±$30
Percentage Of Renters Overburdened 33.87% ± 7.36pp
Total Population 16,967

Population and Household Demographics

Dickinson County is a County in Iowa with a population of 16,967. There are 7,804 households in the county with an average household size of 2.14 persons. 24.51% of households in Dickinson County are renters.

Income and Rent Overburden in Dickinson County

The median gross income for households in Dickinson County is $57,265 a year, or $4,772 a month. The median rent for the county is $643 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Dickinson County, a household making less than $2,143 a month would be considered overburdened when renting an apartment at or above the median rent. 33.87% of households who rent are overburdened in Dickinson County.1

Area Median Income In Dickinson 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 Dickinson County, HUD calculates the Area Median Income for a family of four as $79,000

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 Dickinson 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 Dickinson County HUD Rental Assistance in Dickinson County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,600 $19,000 $21,350 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $27,650 $31,600 $35,550 $39,500 $42,700 $45,850 $49,000 $52,150
80% of Median $44,250 $50,600 $56,900 $63,200 $68,300 $73,350 $78,400 $83,450
Low Income Housing Tax Credits in Dickinson County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2006, 7 low income apartment communities containing 130 rental apartments have been constructed and made affordable to low income persons in Dickinson County by the Low Income Housing Tax Credit Program.

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 Dickinson County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $27,650 $31,600 $35,550 $39,500 $42,700 $45,850 $49,000 $52,150
60% of Median $33,180 $37,920 $42,660 $47,400 $51,240 $55,020 $58,800 $62,580

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 Dickinson County is $42,660 a year, or $3,555 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,555 by 30% to get a maximum rent of $1,067 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% $691 $741 $889 $1,028 $1,146 $1,264
60% $830 $889 $1,067 $1,233 $1,376 $1,517
Fair Market Rents in Dickinson 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
$543 $569 $750 $947 $1,016

Cities In Dickinson County

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

City Listings Served By
Spirit Lake 6 The HUD funded Public Housing Agency that serves Spirit Lake is the Low Rent Housing Agency of Spirit Lake.
Milford 4
Lake Park 1
Orleans 0
Superior 0
Wahpeton 0
West Okoboji 0
Arnolds Park 0
Okoboji 0
Terril 0