Cheap Apartments In Fairfield
Jefferson County, Iowa

Low Income Apartments In Fairfield

Logan Apartments

404 S 4th St
Fairfield, IA
Subsidized

Calu Apartments

205 W Briggs Ave
Fairfield, IA
62+
Accessible
Elderly Supportive Housing
Subsidized

North Bay Apartments

210 E Pierce Ave
Fairfield, IA
Subsidized

Jackson Point

802 W Jackson Ave
Fairfield, IA
HCV Welcome

Lantern Park Assoc

207 E Buchanan Ave
Fairfield, IA
Subsidized

Villa Garden Apartments

201 E Buchanan Ave
Fairfield, IA
Subsidized

Wagon Wheel - 208 S Court St

208 S Court St
Fairfield, IA
HCV Welcome
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There are 7 low income housing apartment complexes which contain 212 affordable apartments for rent in Fairfield, Iowa. Many of these rental apartments are income based housing with about 161 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 72 Project-Based Section 8 subsidized apartments in Fairfield. There are 156 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Fairfield

Housing Authority Programs
Area XV Multi-County Housing Agency Section 8 Housing Choice Voucher; Public Housing

Understanding Affordable Housing in Fairfield, Iowa

Fairfield, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 212
Total Rent Assisted Apartments 161
Percentage of Housing Units Occupied By Renters 42.21%
Average Renter Household Size 1.96
Total Population 9,739
Housing Units 3,961
Average Household Size 2.12
Median Household Income $37,162 ±$4,724
Median Rent $646 ±$72
Percentage Of Renters Overburdened 40.55% ± 9.54pp

Population and Household Demographics

Fairfield is a City in Jefferson County, Iowa with a population of 9,739. There are 3,961 households in the city with an average household size of 2.12 persons. 42.21% of households in Fairfield are renters.

Income and Rent Overburden in Fairfield

The median gross income for households in Fairfield is $37,162 a year, or $3,097 a month. The median rent for the city is $646 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fairfield, a household making less than $2,153 a month would be considered overburdened when renting an apartment at or above the median rent. 40.55% of households who rent are overburdened in Fairfield.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 9.54 percentage points.

Area Median Income In Fairfield

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 Fairfield, the AMI is calculated from all households within Jefferson County.

In Fairfield, HUD calculates the Area Median Income for a family of four as $62,400

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 Fairfield

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 Fairfield HUD Rental Assistance in Fairfield

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,250 $16,460 $20,780 $25,100 $29,420 $33,740 $38,060 $42,380
50% of Median $23,750 $27,150 $30,550 $33,900 $36,650 $39,350 $42,050 $44,750
80% of Median $38,000 $43,400 $48,850 $54,250 $58,600 $62,950 $67,300 $71,650

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

Low Income Housing Tax Credits in Fairfield

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

From 1988 to 2006, 4 low income apartment communities containing 99 rental apartments have been constructed and made affordable to low income persons in Fairfield by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Fairfield by looking for the tag in the apartment list above. View Apartments.

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 Fairfield

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,750 $27,150 $30,550 $33,900 $36,650 $39,350 $42,050 $44,750
60% of Median $28,500 $32,580 $36,660 $40,680 $43,980 $47,220 $50,460 $53,700

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 Fairfield is $36,660 a year, or $3,055 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,055 by 30% to get a maximum rent of $917 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% $594 $636 $764 $882 $984 $1,085
60% $713 $764 $917 $1,058 $1,181 $1,302
Fair Market Rents in Fairfield

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$479 $564 $746 $935 $1,310