Affordable Housing In Le Mars
Plymouth County, Iowa

7 Low Income Apartment Communities In Le Mars

Willow Creek Place

620 14th Ave NE
Le Mars, IA
Call For Rent
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Lemars Estates

650 4th Ave NE
Le Mars, IA
Subsidized

Floyd Valley

110 6th Ave NE
Le Mars, IA

Sunrise Villa Apartments

524 Sunset Dr SW
Le Mars, IA
HCV Welcome

Highland Estates

530 Countryside Dr
Le Mars, IA
HCV Welcome

Lemars Independent Living

1205 6th Ave SE
Le Mars, IA
62+
Accessible
Elderly Supportive Housing
Subsidized

Prime Living

108 1st Ave NW
Le Mars, IA
HCV Welcome
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Guide To Affordable Housing in Le Mars, Iowa

There are 7 low income housing apartment communities offering 131 affordable apartments for rent in Le Mars, Iowa. Le Mars features 57 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 74 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Le Mars.

Sourced from federal housing data and AffordableHousingOnline.com research.

Le Mars, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 131
Total Housing Units with Rental Assistance 57
Percentage of Housing Units Occupied By Renters 25.48%
Average Renter Household Size 1.97
Average Household Size 2.26
Median Household Income $50,283 ±$4,649
Median Rent $513 ±$63
Percentage Of Renters Overburdened 32.71% ± 13.01pp
Total Population 9,757

Population and Household Demographics

Le Mars is a City in Plymouth County, Iowa with a population of 9,757. There are 4,211 households in the city with an average household size of 2.26 persons. 25.48% of households in Le Mars are renters.

Income and Rent Overburden in Le Mars

The median gross income for households in Le Mars is $50,283 a year, or $4,190 a month. The median rent for the city is $513 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Le Mars, a household making less than $1,710 a month would be considered overburdened when renting an apartment at or above the median rent. 32.71% of households who rent are overburdened in Le Mars.1

Area Median Income In Le Mars

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 Le Mars, the AMI is calculated from all households within Plymouth County.

In Le Mars, HUD calculates the Area Median Income for a family of four as $76,100

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 Le Mars

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 Le Mars HUD Rental Assistance in Le Mars

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,000 $18,300 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,650 $30,450 $34,250 $38,050 $41,100 $44,150 $47,200 $50,250
80% of Median $42,650 $48,750 $54,850 $60,900 $65,800 $70,650 $75,550 $80,400
Low Income Housing Tax Credits in Le Mars

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

From 1994 to 2004, 3 low income apartment communities containing 74 rental apartments have been constructed and made affordable to low income persons in Le Mars 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 Le Mars

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,650 $30,450 $34,250 $38,050 $41,100 $44,150 $47,200 $50,250
60% of Median $31,980 $36,540 $41,100 $45,660 $49,320 $52,980 $56,640 $60,300

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 Le Mars is $41,100 a year, or $3,425 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,425 by 30% to get a maximum rent of $1,028 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% $666 $714 $856 $989 $1,104 $1,218
60% $800 $857 $1,028 $1,187 $1,325 $1,462
Fair Market Rents in Le Mars

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
$448 $564 $687 $991 $996