Low Income Apartments and Affordable Housing For Rent in Goldfield, IA

Discover affordable housing in Goldfield where there are 2+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Goldfield Community Apartments Inc 013

215 W Wright St, Goldfield, Iowa 50542

Goldfield Community Apartments Inc 025

127 S Washington, Goldfield, Iowa

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Goldfield, Iowa
$16.33/hour
$9.08 (+125%) more than Iowa minimum wage and $9.08 (+125%) more than the Federal minimum wage.
Learn More About Goldfield, Iowa Affordable Housing ↓

How many renters live in Goldfield, Iowa?

The City of Goldfield has 665 people living in 287 households.

There are 42 renters living in 36 renter households in this City. Renters make up 6.32 percent of the population living in Goldfield.

What is the rental market like in Goldfield, Iowa?

There are an estimated 350 housing units in the Goldfield area. Of these, 44 units are rental homes, making up 13 percent of the housing market. For every renter household in Goldfield, Iowa, there are 1 rental units.

What is the vacancy rate for rentals in Goldfield?

The rental vacancy rate in Goldfield is 18 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 Goldfield for each bedroom size?

Occupied Rental Units by Size in Goldfield
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 8 25 3 0
Occupied Rental Units by Size in Goldfield

A large number of apartments in Goldfield have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Goldfield are overburdened by housing costs?

Among renter households in this market, 17 percent have housing cost burden. Further, 17 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Goldfield

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,148. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $630
One BR $656
Two BR $862
Three BR $1,042
Four BR $1,148
2024 Fair Market Rents in Goldfield, Iowa

How many units are rented at Fair Market Rent (FMR) in Goldfield?

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
One BR 6 75 percent
Two BR 16 64 percent
Rental Units Below FMR in Goldfield, Iowa

How many affordable rental units are in Goldfield?

There are a variety of federal affordable housing programs serving households in Goldfield, Iowa including the following:

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Goldfield, Iowa

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Goldfield, Iowa

Goldfield features 16 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 Goldfield, Iowa

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Goldfield.

Housing Choice Vouchers in Goldfield, Iowa

On average, Section 8 Housing Choice vouchers pay Goldfield landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Goldfield.

The maximum amount a voucher would pay on behalf of a low-income tenant in Goldfield, Iowa for a two-bedroom apartment is between $776 and $948.

Sourced from federal housing data and AffordableHousingOnline.com research.