Affordable Housing Online is monitoring the federal government's response to the coronavirus disease (COVID-19) outbreak. 

An extensive list of coronavirus resources for low-income households can be found here.

Affordable Housing In Grimes
Dallas County, Iowa

5 Low Income Apartment Communities In Grimes

Grimes Park Apartments

240 South James Street
Grimes, Iowa
Income Based
1-2 BR
Subsidized

Urban Crossing Apartments

875 Southeast Gateway Drive
Grimes, Iowa
Market Rate

Grimes Park II

155 SW Maplewood Dr
Grimes, Iowa

Oak Crossing

471 Woodbine Dr
Grimes, Iowa

Thomas Square at Grimes

101 Dovetail Rd
Grimes, Iowa
  • «
  • 1
  • »

Housing Authorities that serve Grimes

Housing Authority Programs
Central Iowa Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Grimes, Iowa

There are 5 low income housing apartment communities offering 200 affordable apartments for rent in Grimes, Iowa.

Income Based Apartments in Grimes, Iowa

Grimes features 32 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 Grimes, Iowa

There are 168 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grimes.

Housing Choice Vouchers in Grimes, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Grimes, Iowa for a two-bedroom apartment is between $812 and $992.

2021 Grimes, 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 $608 $738 $902 $1,232 $1,313
Payment Standard Range $547 to $669 $664 to $812 $812 to $992 $1,109 to $1,355 $1,182 to $1,444

Sourced from federal housing data and AffordableHousingOnline.com research.

Grimes, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 200
Total Housing Units with Rental Assistance 32
Percentage of Housing Units Occupied By Renters 19.26%
Average Renter Household Size 1.45
Average Household Size 2.69
Median Household Income $77,652 ±$15,943
Median Rent $1,015 ±$256
Percentage Of Renters Overburdened 39.47% ± 24.75pp
Total Population 9,509

Population and Household Demographics

Grimes is a city in Dallas County, Iowa with a population of 9,509. There are 3,525 households in the city with an average household size of 2.69 persons. 19.26% of households in Grimes are renters.

Income and Rent Overburden in Grimes

The median gross income for households in Grimes is $77,652 a year, or $6,471 a month. The median rent for the city is $1,015 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grimes, a household making less than $3,383 a month would be considered overburdened when renting an apartment at or above the median rent. 39.47% of households who rent are overburdened in Grimes.

Area Median Income In Grimes

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 Grimes, the AMI is calculated from all households within Dallas County.

In Grimes, HUD calculates the Area Median Income for a family of four as $89,200

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 Grimes

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 Grimes

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,750 $21,400 $24,100 $26,750 $30,680 $35,160 $39,640 $44,120
50% of Median $31,250 $35,700 $40,150 $44,600 $48,200 $51,750 $55,350 $58,900
80% of Median $49,950 $57,100 $64,250 $71,350 $77,100 $82,800 $88,500 $94,200