Affordable Housing In Keokuk County
Iowa

12 Low Income Apartment Communities In Keokuk County

Elm Street Home

511 Elm St
Webster City, IA
Accessible
Disabled Supportive Housing
Subsidized

Stone Ridge

305 Fair Meadow Dr # Dr.5
Webster City, IA

Park Place Apartments

1000 S Stuart St
Sigourney, IA
Subsidized

Stone Ridge Townhomes

305 Fair Meadow Dr
Webster City, IA
HCV Welcome

Country Meadows, Inc

900 Harding Ct
Webster City, IA
HCV Welcome

Prairieview Manor Apartments

1749 Lynx Ave
Webster City, IA
HCV Welcome
Subsidized

Clearview Manor Apartments

1515 Wall St
Webster City, IA
Subsidized

Lantern Grove Apartments

1603 Collins St
Webster City, IA
HCV Welcome

Delta Community Housing

200 E 3rd St
Delta, IA
Subsidized

What Cheer Housing Dev Inc

305 E Washington St
What Cheer, IA
Subsidized

Housing Authorities that serve Keokuk County

Housing Authority Programs
Area XV Multi-County Housing Agency Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Keokuk County, Iowa

There are 12 low income housing apartment communities offering 259 affordable apartments for rent in Keokuk County, Iowa. Keokuk County features 173 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 86 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Keokuk County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Keokuk County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 259
Total Housing Units with Rental Assistance 173
Percentage of Housing Units Occupied By Renters 22.36%
Average Renter Household Size 2.24
Average Household Size 2.33
Median Household Income $43,838 ±$2,685
Median Rent $576 ±$55
Percentage Of Renters Overburdened 35.29% ± 7.51pp
Total Population 10,291

Population and Household Demographics

Keokuk County is a County in Iowa with a population of 10,291. There are 4,347 households in the county with an average household size of 2.33 persons. 22.36% of households in Keokuk County are renters.

Income and Rent Overburden in Keokuk County

The median gross income for households in Keokuk County is $43,838 a year, or $3,653 a month. The median rent for the county is $576 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Keokuk County, a household making less than $1,920 a month would be considered overburdened when renting an apartment at or above the median rent. 35.29% of households who rent are overburdened in Keokuk County.1

Area Median Income In Keokuk 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 Keokuk County, HUD calculates the Area Median Income for a family of four as $64,200

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 Keokuk 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 Keokuk County HUD Rental Assistance in Keokuk 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 Keokuk County

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

From 1989 to 2006, 4 low income apartment communities containing 126 rental apartments have been constructed and made affordable to low income persons in Keokuk 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 Keokuk 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 Keokuk 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 Keokuk 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 $550 $687 $924 $1,054

Cities In Keokuk County

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

City Listings Served By
Sigourney 1 The HUD funded Public Housing Agency that serves Sigourney is the Area XV Multi-County Housing Agency.
Webster City 8 The HUD funded Public Housing Agency that serves Webster City is the Area XV Multi-County Housing Agency.
Ollie 0 The HUD funded Public Housing Agency that serves Ollie is the Area XV Multi-County Housing Agency.
Delta 1 The HUD funded Public Housing Agency that serves Delta is the Area XV Multi-County Housing Agency.
Hedrick 1 The HUD funded Public Housing Agency that serves Hedrick is the Area XV Multi-County Housing Agency.
Richland 0 The HUD funded Public Housing Agency that serves Richland is the Area XV Multi-County Housing Agency.
South English 0 The HUD funded Public Housing Agency that serves South English is the Area XV Multi-County Housing Agency.
What Cheer 1 The HUD funded Public Housing Agency that serves What Cheer is the Area XV Multi-County Housing Agency.
Harper 0 The HUD funded Public Housing Agency that serves Harper is the Area XV Multi-County Housing Agency.
Hayesville 0 The HUD funded Public Housing Agency that serves Hayesville is the Area XV Multi-County Housing Agency.
Keswick 0 The HUD funded Public Housing Agency that serves Keswick is the Area XV Multi-County Housing Agency.
Kinross 0 The HUD funded Public Housing Agency that serves Kinross is the Area XV Multi-County Housing Agency.
Martinsburg 0 The HUD funded Public Housing Agency that serves Martinsburg is the Area XV Multi-County Housing Agency.
Thornburg 0 The HUD funded Public Housing Agency that serves Thornburg is the Area XV Multi-County Housing Agency.
Gibson 0 The HUD funded Public Housing Agency that serves Gibson is the Area XV Multi-County Housing Agency.
Keota 0 The HUD funded Public Housing Agency that serves Keota is the Area XV Multi-County Housing Agency.
Webster 0 The HUD funded Public Housing Agency that serves Webster is the Area XV Multi-County Housing Agency.