What HUD offices serve Fort Madison, Iowa?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Iowa Public Housing and Low-Income Apartments Waiting Lists page for openings near Fort Madison.
How many renters live in Fort Madison, Iowa?
The City of Fort Madison has people living in households.
There are renters living in renter households in this City. Renters make up 22.18 percent of the population living in Fort Madison.
What is the rental market like in Fort Madison, Iowa?
There are an estimated housing units in the Fort Madison area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Fort Madison, Iowa, there are 1.17 rental units.
What is the vacancy rate for rentals in Fort Madison?
The rental vacancy rate in Fort Madison is 14 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Fort Madison for each bedroom size?
Occupied Rental Units by Size in Fort Madison
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 88 | 376 | 454 | 247 | 60 |
Occupied Rental Units by Size in Fort Madison
A large number of apartments in Fort Madison have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Fort Madison
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $598 to $1,207. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $598 |
| One BR | $672 |
| Two BR | $882 |
| Three BR | $1,185 |
| Four BR | $1,207 |
2024 Fair Market Rents in Fort Madison, Iowa
How many units are rented at Fair Market Rent (FMR) in Fort Madison?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 37 | 42 percent |
| One BR | 270 | 72 percent |
| Two BR | 239 | 53 percent |
Rental Units Below FMR in Fort Madison, Iowa
How many affordable rental units are in Fort Madison?
There are a variety of federal affordable housing programs serving households in Fort Madison, Iowa including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Fort Madison, Iowa
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Fort Madison, Iowa
Fort Madison features 194 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 Fort Madison, Iowa
There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fort Madison.
Housing Choice Vouchers in Fort Madison, Iowa
On average, Section 8 Housing Choice vouchers pay Fort Madison landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Fort Madison.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fort Madison, Iowa for a two-bedroom apartment is between $794 and $970.
Sourced from federal housing data and AffordableHousingOnline.com research.