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Affordable Housing In Lenox
Adams County, Iowa

2 Low Income Apartment Communities In Lenox

Sunrise Apartments

401 E Ohio St
Lenox, Iowa

Lenox Park Apartments

601 E Ohio St
Lenox, Iowa
Subsidized
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Housing Authorities that serve Lenox

Housing Authority Programs
Lenox Low Rent Housing Agency Public Housing
Southern Iowa Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Lenox, Iowa

There are 2 low income housing apartment communities offering 46 affordable apartments for rent in Lenox, Iowa.

Income Based Apartments in Lenox, Iowa

Lenox features 46 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 Lenox, Iowa

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lenox.

Housing Choice Vouchers in Lenox, Iowa

On average, Section 8 Housing Choice vouchers pay Lenox landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lenox.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lenox, Iowa for a two-bedroom apartment is between $658 and $804.

2021 Lenox, 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
Lenox, Iowa Fair Market Rent $531 $555 $731 $909 $1,035
Lenox, Iowa Payment Standard Range $478 to $584 $500 to $611 $658 to $804 $818 to $1,000 $932 to $1,139

Sourced from federal housing data and AffordableHousingOnline.com research.

Lenox, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 46
Total Housing Units with Rental Assistance 46
Percentage of Housing Units Occupied By Renters 49.93%
Average Renter Household Size 1.97
Average Household Size 2.03
Median Household Income $36,741 ±$4,250
Median Rent $594 ±$52
Percentage Of Renters Overburdened 35.26% ± 12.57pp
Total Population 1,433

Population and Household Demographics

Lenox is a city in Adams County, Iowa with a population of 1,433. There are 693 households in the city with an average household size of 2.03 persons. 49.93% of households in Lenox are renters.

Income and Rent Overburden in Lenox

The median gross income for households in Lenox is $36,741 a year, or $3,062 a month. The median rent for the city is $594 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lenox, a household making less than $1,980 a month would be considered overburdened when renting an apartment at or above the median rent. 35.26% of households who rent are overburdened in Lenox.

Area Median Income In Lenox

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 Lenox, the AMI is calculated from all households within Adams County.

In Lenox, HUD calculates the Area Median Income for a family of four as $65,700

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 Lenox

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 Lenox

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 Lenox AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,250 $17,400 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% AMI Income Limits
Renters earning up to 50% of the Lenox AMI may qualify for rental assistance programs that target Very Low Income households.
$25,400 $29,000 $32,650 $36,250 $39,150 $42,050 $44,950 $47,850
80% AMI Income Limits
Renters earning up to 80% of the Lenox AMI may qualify for rental assistance programs that target Low Income households.
$40,600 $46,400 $52,200 $58,000 $62,650 $67,300 $71,950 $76,600