Affordable Housing In Humboldt
Humboldt County, Iowa

3 Low Income Apartment Communities In Humboldt

Humboldt Workshop Se Project

801 11th Avenue N
Humboldt, IA
Accepts Vouchers

Humboldt I, Lp

1708 Wildcat Rd
Humboldt, IA
Accepts Vouchers

Ivy Apartments

210 9th St N
Humboldt, IA
Accepts Vouchers
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Guide To Affordable Housing in Humboldt, Iowa

There are 3 low income housing apartment communities offering 51 affordable apartments for rent in Humboldt, Iowa.

Income Based Apartments in Humboldt, Iowa

Humboldt features 0 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 Humboldt, Iowa

There are 51 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Humboldt.

Housing Choice Vouchers in Humboldt, Iowa

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

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

2020 Humboldt, 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 $522 $687 $952 $1,009
Payment Standard Range $447 to $547 $470 to $574 $618 to $756 $857 to $1,047 $908 to $1,110

Sourced from federal housing data and research.

Humboldt, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 51
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 37.2%
Average Renter Household Size 1.91
Average Household Size 2.20
Median Household Income $43,504 ±$6,463
Median Rent $588 ±$51
Percentage Of Renters Overburdened 39.19% ± 10.71pp
Total Population 4,635

Population and Household Demographics

Humboldt is a City in Humboldt County, Iowa with a population of 4,635. There are 2,051 households in the city with an average household size of 2.20 persons. 37.2% of households in Humboldt are renters.

Income and Rent Overburden in Humboldt

The median gross income for households in Humboldt is $43,504 a year, or $3,625 a month. The median rent for the city is $588 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Humboldt, a household making less than $1,960 a month would be considered overburdened when renting an apartment at or above the median rent. 39.19% of households who rent are overburdened in Humboldt.1

Area Median Income In Humboldt

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 Humboldt, the AMI is calculated from all households within Humboldt County.

In Humboldt, HUD calculates the Area Median Income for a family of four as $67,500

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 Humboldt

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 Humboldt HUD Rental Assistance in Humboldt

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,600 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
80% of Median $38,850 $44,400 $49,950 $55,500 $59,950 $64,400 $68,850 $73,300