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Affordable Housing In Floyd County
Iowa

5 Low Income Apartment Communities In Floyd County

Cedar Crest

910 13th St
Charles City, Iowa
Call For Rent
1 BR
Accessible
62+

Ninth Street Group Home

310 9th St
Charles City, Iowa
Subsidized
62+
Accessible
Elderly Supportive Housing

Burling House

910 1st Ave
Charles City, Iowa
Subsidized
62+
Accessible
Elderly Supportive Housing

Cedar Terrace South

501 Court St
Charles City, Iowa

Charles City Iha

601-607 11th Street
Charles City, Iowa
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Housing Authorities that serve Floyd County

Housing Authority Programs
North Iowa Regional Housing Authority Public Housing

Guide To Affordable Housing in Floyd County, Iowa

There are 5 low income housing apartment communities offering 244 affordable apartments for rent in Floyd County, Iowa.

Income Based Apartments in Floyd County, Iowa

Floyd County features 196 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 Floyd County, Iowa

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Floyd County.

Housing Choice Vouchers in Floyd County, Iowa

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

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

2020 Floyd County, 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 $547 $687 $957 $994
Payment Standard Range $447 to $547 $492 to $602 $618 to $756 $861 to $1,053 $895 to $1,093

Sourced from federal housing data and AffordableHousingOnline.com research.

Floyd County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 244
Total Housing Units with Rental Assistance 196
Percentage of Housing Units Occupied By Renters 28.02%
Average Renter Household Size 2.04
Average Household Size 2.28
Median Household Income $44,797 ±$3,209
Median Rent $556 ±$29
Percentage Of Renters Overburdened 38% ± 8.6pp
Total Population 16,050

Population and Household Demographics

Floyd County is a county in Iowa with a population of 16,050. There are 6,901 households in the county with an average household size of 2.28 persons. 28.02% of households in Floyd County are renters.

Income and Rent Overburden in Floyd County

The median gross income for households in Floyd County is $44,797 a year, or $3,733 a month. The median rent for the county is $556 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Floyd County, a household making less than $1,853 a month would be considered overburdened when renting an apartment at or above the median rent. 38% of households who rent are overburdened in Floyd County.

Area Median Income In Floyd 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 Floyd County, HUD calculates the Area Median Income for a family of four as $67,100

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 Floyd 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 HUD Rental Assistance in Floyd County

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

Cities In Floyd County

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

City Served By
Charles City The HUD funded Public Housing Agencies that serve Charles City are the Charles City Housing and Redevelopment Authority and North Iowa Regional Housing Authority.
Colwell The HUD funded Public Housing Agency that serves Colwell is the North Iowa Regional Housing Authority.
Floyd The HUD funded Public Housing Agency that serves Floyd is the North Iowa Regional Housing Authority.
Marble Rock The HUD funded Public Housing Agency that serves Marble Rock is the North Iowa Regional Housing Authority.
Rockford The HUD funded Public Housing Agency that serves Rockford is the North Iowa Regional Housing Authority.
Roseville The HUD funded Public Housing Agency that serves Roseville is the North Iowa Regional Housing Authority.
Rudd The HUD funded Public Housing Agency that serves Rudd is the North Iowa Regional Housing Authority.