Affordable Housing In Low Moor
Clinton County, Iowa

Housing Authorities that serve Low Moor

Housing Authority Programs
Eastern Iowa Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency

Guide To Affordable Housing in Low Moor, Iowa

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Low Moor, Iowa. Low Moor features 0 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Low Moor.

Sourced from federal housing data and AffordableHousingOnline.com research.

Low Moor, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 11.11%
Average Renter Household Size 2.88
Average Household Size 2.71
Median Household Income $44,167 ±$23,735
Median Rent $635 ±$339
Percentage Of Renters Overburdened 75% ± 169.53pp
Total Population 195

Population and Household Demographics

Low Moor is a City in Clinton County, Iowa with a population of 195. There are 72 households in the city with an average household size of 2.71 persons. 11.11% of households in Low Moor are renters.

Income and Rent Overburden in Low Moor

The median gross income for households in Low Moor is $44,167 a year, or $3,681 a month. The median rent for the city is $635 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Low Moor, a household making less than $2,117 a month would be considered overburdened when renting an apartment at or above the median rent. 75% of households who rent are overburdened in Low Moor.1

Area Median Income In Low Moor

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 Low Moor, the AMI is calculated from all households within Clinton County.

In Low Moor, HUD calculates the Area Median Income for a family of four as $67,500

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 Low Moor

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 Low Moor HUD Rental Assistance in Low Moor

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
Fair Market Rents in Low Moor

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
$502 $567 $741 $947 $1,048