Affordable Housing In Marion County
Iowa

11 Low Income Apartment Communities In Marion County

Villas at Fox Pointe

1801 Madelyn Dr
Knoxville, IA
$550-759
2-4 BR
HCV Welcome
Market Rate

Oakview I

1017 Levin Dr
Knoxville, IA
Subsidized

Fair Haven West

604 E 2nd St
Pella, IA
62+
Accessible
Elderly Supportive Housing
Subsidized

Meadow Wood of Pella - 410 E 115th St

410 E 15th St
Pella, IA
HCV Welcome

Unselected

1002 N Harlan St
Knoxville, IA

Meadow Wood Apartments

406 E 15th St
Pella, IA
HCV Welcome

Knoxville Park Apartments

1301 Gebhardt St
Knoxville, IA
HCV Welcome

Shady Creek Apartments

210 E Jefferson St
Pella, IA
HCV Welcome

Windsor Ridge

1210 Eric Dr
Knoxville, IA
HCV Welcome

Madison Heights Apartments

1800 W Madison St
Knoxville, IA
HCV Welcome

Housing Authorities that serve Marion County

Housing Authority Programs
Central Iowa Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Marion County

Housing Authority Programs
Low Rent Housing Agency of Knoxville Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Marion County, Iowa

There are 11 low income housing apartment communities offering 416 affordable apartments for rent in Marion County, Iowa. Marion County features 102 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 314 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Marion County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Marion County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 416
Total Housing Units with Rental Assistance 102
Percentage of Housing Units Occupied By Renters 25.95%
Average Renter Household Size 1.91
Average Household Size 2.43
Median Household Income $54,693 ±$2,857
Median Rent $647 ±$28
Percentage Of Renters Overburdened 39.4% ± 5.21pp
Total Population 33,248

Population and Household Demographics

Marion County is a County in Iowa with a population of 33,248. There are 12,978 households in the county with an average household size of 2.43 persons. 25.95% of households in Marion County are renters.

Income and Rent Overburden in Marion County

The median gross income for households in Marion County is $54,693 a year, or $4,558 a month. The median rent for the county is $647 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marion County, a household making less than $2,157 a month would be considered overburdened when renting an apartment at or above the median rent. 39.4% of households who rent are overburdened in Marion County.1

Area Median Income In Marion 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 Marion County, HUD calculates the Area Median Income for a family of four as $75,400

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 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 Marion County HUD Rental Assistance in Marion County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,850 $18,100 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,400 $30,200 $33,950 $37,700 $40,750 $43,750 $46,750 $49,800
80% of Median $42,250 $48,250 $54,300 $60,300 $65,150 $69,950 $74,800 $79,600
Low Income Housing Tax Credits in Marion County

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

From 1988 to 2001, 8 low income apartment communities containing 162 rental apartments have been constructed and made affordable to low income persons in Marion County 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 County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,400 $30,200 $33,950 $37,700 $40,750 $43,750 $46,750 $49,800
60% of Median $31,680 $36,240 $40,740 $45,240 $48,900 $52,500 $56,100 $59,760

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 County is $40,740 a year, or $3,395 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,395 by 30% to get a maximum rent of $1,019 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% $660 $708 $849 $981 $1,094 $1,207
60% $792 $849 $1,019 $1,177 $1,313 $1,448
Fair Market Rents in Marion County

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
$566 $569 $734 $915 $1,027

Cities In Marion County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Pella 4
Knoxville 7 The HUD funded Public Housing Agency that serves Knoxville is the Low Rent Housing Agency of Knoxville.
Pleasantville 0 The HUD funded Public Housing Agency that serves Pleasantville is the Central Iowa Regional Housing Authority.
Melcher 0 The HUD funded Public Housing Agency that serves Melcher is the Central Iowa Regional Housing Authority.
Bussey 0 The HUD funded Public Housing Agency that serves Bussey is the Central Iowa Regional Housing Authority.
Hamilton 0 The HUD funded Public Housing Agency that serves Hamilton is the Central Iowa Regional Housing Authority.
Harvey 0 The HUD funded Public Housing Agency that serves Harvey is the Central Iowa Regional Housing Authority.
Marysville 0 The HUD funded Public Housing Agency that serves Marysville is the Central Iowa Regional Housing Authority.
Swan 0 The HUD funded Public Housing Agency that serves Swan is the Central Iowa Regional Housing Authority.
Melcher Dallas 0 The HUD funded Public Housing Agency that serves Melcher Dallas is the Central Iowa Regional Housing Authority.
Melcher-Dallas 0 The HUD funded Public Housing Agency that serves Melcher-Dallas is the Central Iowa Regional Housing Authority.