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Affordable Housing In Howard County

4 Low Income Apartment Communities In Howard County

Heritage Haven Cresco

301 1st Avenue E.
Cresco, Iowa
Income Based
Studio-1 BR
Elderly Supportive Housing

Alert Manor Inc

502 5th Ave W
Cresco, Iowa

Hilltop Apartments

454 N Miller St
Lime Springs, Iowa

Crestview Village

206 2nd St SW
Cresco, Iowa
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Guide To Affordable Housing in Howard County, Iowa

There are 4 low income housing apartment communities offering 151 affordable apartments for rent in Howard County, Iowa.

Income Based Apartments in Howard County, Iowa

Howard County features 119 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 Howard County, Iowa

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

Housing Choice Vouchers in Howard County, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Howard County, Iowa for a two-bedroom apartment is between $618 and $756.

2020 Howard 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 $497 $604 $687 $973 $1,012
Payment Standard Range $447 to $547 $544 to $664 $618 to $756 $876 to $1,070 $911 to $1,113

Sourced from federal housing data and research.

Howard County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 151
Total Housing Units with Rental Assistance 119
Percentage of Housing Units Occupied By Renters 20.43%
Average Renter Household Size 2.07
Average Household Size 2.39
Median Household Income $49,869 ±$3,486
Median Rent $605 ±$36
Percentage Of Renters Overburdened 44.68% ± 9.61pp
Total Population 9,494

Population and Household Demographics

Howard County is a county in Iowa with a population of 9,494. There are 3,867 households in the county with an average household size of 2.39 persons. 20.43% of households in Howard County are renters.

Income and Rent Overburden in Howard County

The median gross income for households in Howard County is $49,869 a year, or $4,156 a month. The median rent for the county is $605 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Howard County, a household making less than $2,017 a month would be considered overburdened when renting an apartment at or above the median rent. 44.68% of households who rent are overburdened in Howard County.

Area Median Income In Howard 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 Howard County, HUD calculates the Area Median Income for a family of four as $66,200

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 Howard 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 Howard 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 Howard County

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

City Served By
Lime Springs