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Affordable Housing In Indianola
Warren County, Iowa

6 Low Income Apartment Communities In Indianola

Park View Village

810 S. R Street
Indianola, Iowa
Income Based
Studio-1 BR
Subsidized

Meadow Village Apartments

801 S R St
Indianola, Iowa
Call For Rent
1-3 BR
Subsidized

Prairie Rose Senior Apartments

2010 W 4th Avenue
Indianola, Iowa
Income Based
1 BR
Subsidized

Candleridge of Indianola

1205 W Iowa Ave
Indianola, Iowa
Subsidized

Indianola Park Apartments II

1409 E Iowa Ave
Indianola, Iowa

Indian Country Apts

1210 E 1st Ave
Indianola, Iowa
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Housing Authorities that serve Indianola

Housing Authority Programs
Warren County Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Indianola, Iowa

There are 6 low income housing apartment communities offering 301 affordable apartments for rent in Indianola, Iowa.

Income Based Apartments in Indianola, Iowa

Indianola features 277 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 Indianola, Iowa

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Indianola.

Housing Choice Vouchers in Indianola, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Indianola, Iowa for a two-bedroom apartment is between $810 and $990.

2020 Indianola, 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 $603 $730 $900 $1,215 $1,323
Payment Standard Range $543 to $663 $657 to $803 $810 to $990 $1,094 to $1,337 $1,191 to $1,455

Sourced from federal housing data and AffordableHousingOnline.com research.

Indianola, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 301
Total Housing Units with Rental Assistance 277
Percentage of Housing Units Occupied By Renters 33.2%
Average Renter Household Size 2.36
Average Household Size 2.39
Median Household Income $49,708 ±$4,500
Median Rent $711 ±$39
Percentage Of Renters Overburdened 50.08% ± 8.93pp
Total Population 15,165

Population and Household Demographics

Indianola is a city in Warren County, Iowa with a population of 15,165. There are 5,666 households in the city with an average household size of 2.39 persons. 33.2% of households in Indianola are renters.

Income and Rent Overburden in Indianola

The median gross income for households in Indianola is $49,708 a year, or $4,142 a month. The median rent for the city is $711 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Indianola, a household making less than $2,370 a month would be considered overburdened when renting an apartment at or above the median rent. 50.08% of households who rent are overburdened in Indianola.

Area Median Income In Indianola

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 Indianola, the AMI is calculated from all households within Warren County.

In Indianola, HUD calculates the Area Median Income for a family of four as $89,200

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 Indianola

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 Indianola

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,750 $21,400 $24,100 $26,750 $30,680 $35,160 $39,640 $44,120
50% of Median $31,250 $35,700 $40,150 $44,600 $48,200 $51,750 $55,350 $58,900
80% of Median $49,950 $57,100 $64,250 $71,350 $77,100 $82,800 $88,500 $94,200