Affordable Housing In Hardin County

5 Low Income Apartment Communities In Hardin County

Friendly Valley

206 W Sycamore St
Steamboat Rock, IA

Iowa Falls Housing Inc

103 1/2 Pierce St
Iowa Falls, IA

Pheasant Run Apartments

1430 Georgetown Rd
Iowa Falls, IA
Accepts Vouchers

Marion Manor II

1228 N Fremont St
Iowa Falls, IA
Accepts Vouchers

Marion Manor I

224 Marion Dr
Iowa Falls, IA
  • «
  • 1
  • »

Guide To Affordable Housing in Hardin County, Iowa

There are 5 low income housing apartment communities offering 115 affordable apartments for rent in Hardin County, Iowa. Hardin County features 47 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 68 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Hardin County.

Sourced from federal housing data and research.

Hardin County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 115
Total Housing Units with Rental Assistance 47
Percentage of Housing Units Occupied By Renters 24.47%
Average Renter Household Size 2.24
Average Household Size 2.37
Median Household Income $51,019 ±$1,670
Median Rent $567 ±$28
Percentage Of Renters Overburdened 26.79% ± 4.93pp
Total Population 17,393

Population and Household Demographics

Hardin County is a County in Iowa with a population of 17,393. There are 6,973 households in the county with an average household size of 2.37 persons. 24.47% of households in Hardin County are renters.

Income and Rent Overburden in Hardin County

The median gross income for households in Hardin County is $51,019 a year, or $4,252 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 Hardin County, a household making less than $1,890 a month would be considered overburdened when renting an apartment at or above the median rent. 26.79% of households who rent are overburdened in Hardin County.1

Area Median Income In Hardin 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 Hardin County, HUD calculates the Area Median Income for a family of four as $72,900

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 Hardin 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 Hardin County HUD Rental Assistance in Hardin County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,300 $17,500 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,550 $29,200 $32,850 $36,450 $39,400 $42,300 $45,200 $48,150
80% of Median $40,850 $46,650 $52,500 $58,300 $63,000 $67,650 $72,300 $77,000
Fair Market Rents in Hardin County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$497 $522 $687 $973 $984

Cities In Hardin County

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

City Listings Served By
Iowa Falls 4
Eldora 0
Steamboat Rock 1
Alden 0
Hubbard 0
New Providence 0
Owasa 0
Union 0
Whitten 0
Buckeye 0
Garden City 0
Radcliffe 0