Affordable Housing In Lee County
17 Low Income Apartment Communities In Lee County
Guide To Affordable Housing in Lee County, Iowa
There are 17 low income housing apartment communities offering 783 affordable apartments for rent in Lee County, Iowa.
Income Based Apartments in Lee County, Iowa
Lee County features 570 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 Lee County, Iowa
There are 213 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lee County.
Housing Choice Vouchers in Lee County, Iowa
On average, Section 8 Housing Choice vouchers pay Lee County landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Lee County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lee County, Iowa for a two-bedroom apartment is between $676 and $826.
2022 Lee County, 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|
|Lee County, Iowa Fair Market Rent||$499||$599||$751||$1,020||$1,181|
|Lee County, Iowa Payment Standard Range||$449 to $549||$539 to $659||$676 to $826||$918 to $1,122||$1,063 to $1,299|
Sourced from federal housing data and AffordableHousingOnline.com research.
Lee County, IA Affordable Housing Snapshot
|Total Affordable Apartment Properties||17|
|Total Low Income Apartments||783|
|Total Housing Units with Rental Assistance||570|
|Percentage of Housing Units Occupied By Renters||25.6%|
|Average Renter Household Size||1.95|
|Average Household Size||2.40|
|Median Household Income||$43,312 ±$1,869|
|Median Rent||$577 ±$29|
|Percentage Of Renters Overburdened||36.79% ± 5.54pp|
Population and Household Demographics
Lee County is a county in Iowa with a population of 35,369. There are 14,412 households in the county with an average household size of 2.40 persons. 25.6% of households in Lee County are renters.
Income and Rent Overburden in Lee County
The median gross income for households in Lee County is $43,312 a year, or $3,609 a month. The median rent for the county is $577 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lee County, a household making less than $1,923 a month would be considered overburdened when renting an apartment at or above the median rent. 36.79% of households who rent are overburdened in Lee County.
Area Median Income In Lee 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 Lee County, HUD calculates the Area Median Income for a family of four as $65,500
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 Lee 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 HUD Rental Assistance in Lee County
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the Lee County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Lee County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Lee County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Lee County
Select A City to View its Apartment Communities and Waiting Lists.
|Fort Madison||The HUD funded Public Housing Agency that serves Fort Madison is the Fort Madison Housing Authority.|
|Keokuk||The HUD funded Public Housing Agency that serves Keokuk is the Keokuk Housing Authority.|