Affordable Housing In Ida County
Iowa

5 Low Income Apartment Communities In Ida County

Somerset Apartments

400 Minnesota St
Holstein, IA
Subsidized

Ida Grove Apartments, Lp

403 Sunset St
Ida Grove, IA
HCV Welcome

Maple River Apartments

1104 5th St
Ida Grove, IA
HCV Welcome

Sunset Street Apartments

502 Sunset St
Ida Grove, IA
HCV Welcome

Holstein Park Apartments

404 Mueller St
Holstein, IA
HCV Welcome
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Housing Authorities that serve Ida County

Housing Authority Programs
Region XII Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Family Self-sufficiency

Guide To Affordable Housing in Ida County, Iowa

There are 5 low income housing apartment communities offering 112 affordable apartments for rent in Ida County, Iowa. Ida County features 24 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 88 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Ida County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Ida County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 112
Total Housing Units with Rental Assistance 24
Percentage of Housing Units Occupied By Renters 24.8%
Average Renter Household Size 1.97
Average Household Size 2.24
Median Household Income $46,993 ±$2,561
Median Rent $414 ±$33
Percentage Of Renters Overburdened 22.89% ± 7.24pp
Total Population 7,071

Population and Household Demographics

Ida County is a County in Iowa with a population of 7,071. There are 3,101 households in the county with an average household size of 2.24 persons. 24.8% of households in Ida County are renters.

Income and Rent Overburden in Ida County

The median gross income for households in Ida County is $46,993 a year, or $3,916 a month. The median rent for the county is $414 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ida County, a household making less than $1,380 a month would be considered overburdened when renting an apartment at or above the median rent. 22.89% of households who rent are overburdened in Ida County.1

Area Median Income In Ida 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 Ida County, HUD calculates the Area Median Income for a family of four as $69,000

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 Ida 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 Ida County HUD Rental Assistance in Ida County

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
Low Income Housing Tax Credits in Ida County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1991 to 1997, 3 low income apartment communities containing 64 rental apartments have been constructed and made affordable to low income persons in Ida County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Ida County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
60% of Median $29,160 $33,360 $37,500 $41,640 $45,000 $48,360 $51,660 $55,020

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Ida County is $37,500 a year, or $3,125 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,125 by 30% to get a maximum rent of $938 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $608 $651 $781 $903 $1,008 $1,111
60% $729 $782 $938 $1,083 $1,209 $1,334
Fair Market Rents in Ida 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 $544 $687 $967 $1,066

Cities In Ida County

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

City Listings Served By
Holstein 2 The HUD funded Public Housing Agency that serves Holstein is the Region XII Regional Housing Authority.
Ida Grove 3 The HUD funded Public Housing Agency that serves Ida Grove is the Region XII Regional Housing Authority.
Arthur 0 The HUD funded Public Housing Agency that serves Arthur is the Region XII Regional Housing Authority.
Galva 0 The HUD funded Public Housing Agency that serves Galva is the Region XII Regional Housing Authority.
Battle Creek 0 The HUD funded Public Housing Agency that serves Battle Creek is the Region XII Regional Housing Authority.