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Affordable Housing In Grundy County
Iowa

4 Low Income Apartment Communities In Grundy County

Pheasant Hollow Apartments

91 D Ave
Grundy Center, Iowa

Arlington Inv. IIi - 101 D Avenue

101 D Ave
Grundy Center, Iowa

Reinbeck Comm Home

909 3rd Street
Reinbeck, Iowa

Sunrise Apartments

101-209 F Avenue
Grundy Center, Iowa
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Guide To Affordable Housing in Grundy County, Iowa

There are 4 low income housing apartment communities offering 88 affordable apartments for rent in Grundy County, Iowa.

Income Based Apartments in Grundy County, Iowa

Grundy County features 56 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 Grundy County, Iowa

There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grundy County.

Housing Choice Vouchers in Grundy County, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Grundy County, Iowa for a two-bedroom apartment is between $687 and $839.

2020 Grundy 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 $517 $604 $763 $996 $1,249
Payment Standard Range $465 to $569 $544 to $664 $687 to $839 $896 to $1,096 $1,124 to $1,374

Sourced from federal housing data and AffordableHousingOnline.com research.

Grundy County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 88
Total Housing Units with Rental Assistance 56
Percentage of Housing Units Occupied By Renters 19.47%
Average Renter Household Size 2.16
Average Household Size 2.37
Median Household Income $56,750 ±$2,626
Median Rent $567 ±$35
Percentage Of Renters Overburdened 35.48% ± 6.25pp
Total Population 12,407

Population and Household Demographics

Grundy County is a county in Iowa with a population of 12,407. There are 5,183 households in the county with an average household size of 2.37 persons. 19.47% of households in Grundy County are renters.

Income and Rent Overburden in Grundy County

The median gross income for households in Grundy County is $56,750 a year, or $4,729 a month. The median rent for the county is $567 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grundy County, a household making less than $1,890 a month would be considered overburdened when renting an apartment at or above the median rent. 35.48% of households who rent are overburdened in Grundy County.

Area Median Income In Grundy 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 Grundy County, HUD calculates the Area Median Income for a family of four as $71,600

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 Grundy 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 Grundy 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 Grundy County

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

City Served By
Beaman
Conrad
Dike
Grundy Center
Holland
Morrison
Reinbeck
Stout
Wellsburg