Affordable Housing In Marion
Linn County, Iowa

11 Low Income Apartment Communities In Marion

Chapel Ridge - Marion

1 Chapel Ridge Circle
Marion, IA
Call For Rent
1-4 BR
Market Rate

Blairs Ferry Senior Apartments

830 Blairs Ferry Rd
Marion, IA
Call For Rent
1-2 BR
55+
HCV Welcome

The Arbor at Lindale Trail

1362 Blairs Ferry Rd
Marion, IA
Call For Rent
1-2 BR
HCV Welcome

Oak Village Senior Residences

101 S 11th St
Marion, IA
Subsidized

Trinity Pointe

2175 Bison Ct
Marion, IA
62+
Accessible
Elderly Supportive Housing
Subsidized

Moundview Manor

2501 Highway 13
Marion, IA
62+
Accessible
Elderly Supportive Housing
Subsidized

Chapel Ridge of Marion"karan wrong"

2 Chapelridge Circle
Marion, IA
HCV Welcome

Hilltop Manor

439 Lindale Dr
Marion, IA
62+
Accessible
Elderly Supportive Housing
Subsidized

Scott Meadows Senior Housing - 2511 Hwy 13

2511 Highway 13
Marion, IA
HCV Welcome

Lynnwood Apartments

3920 Highway 151
Marion, IA
HCV Welcome

Housing Authorities that serve Marion

Housing Authority Programs
Cedar Rapids Housing Services Division Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Marion, Iowa

There are 11 low income housing apartment communities offering 815 affordable apartments for rent in Marion, Iowa. Marion features 180 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 435 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Marion.

Sourced from federal housing data and AffordableHousingOnline.com research.

Marion, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 815
Total Housing Units with Rental Assistance 180
Percentage of Housing Units Occupied By Renters 23.62%
Average Renter Household Size 2.02
Average Household Size 2.44
Median Household Income $64,527 ±$2,555
Median Rent $659 ±$57
Percentage Of Renters Overburdened 39.44% ± 7.47pp
Total Population 36,311

Population and Household Demographics

Marion is a City in Linn County, Iowa with a population of 36,311. There are 14,738 households in the city with an average household size of 2.44 persons. 23.62% of households in Marion are renters.

Income and Rent Overburden in Marion

The median gross income for households in Marion is $64,527 a year, or $5,377 a month. The median rent for the city is $659 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marion, a household making less than $2,197 a month would be considered overburdened when renting an apartment at or above the median rent. 39.44% of households who rent are overburdened in Marion.1

Area Median Income In Marion

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 Marion, the AMI is calculated from all households within Linn County.

In Marion, HUD calculates the Area Median Income for a family of four as $89,300

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 Marion

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 Marion HUD Rental Assistance in Marion

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,800 $21,450 $24,150 $26,800 $30,170 $34,590 $39,010 $43,430
50% of Median $31,300 $35,750 $40,200 $44,650 $48,250 $51,800 $55,400 $58,950
80% of Median $50,050 $57,200 $64,350 $71,450 $77,200 $82,900 $88,600 $94,350
Low Income Housing Tax Credits in Marion

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

From 2001 to 2005, 3 low income apartment communities containing 214 rental apartments have been constructed and made affordable to low income persons in Marion 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 Marion

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $31,300 $35,750 $40,200 $44,650 $48,250 $51,800 $55,400 $58,950
60% of Median $37,560 $42,900 $48,240 $53,580 $57,900 $62,160 $66,480 $70,740

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 Marion is $48,240 a year, or $4,020 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,020 by 30% to get a maximum rent of $1,206 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% $783 $838 $1,005 $1,161 $1,295 $1,429
60% $939 $1,006 $1,206 $1,394 $1,554 $1,715
Fair Market Rents in Marion

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
$506 $590 $777 $1,104 $1,221