Affordable Housing In Marshall County

18 Low Income Apartment Communities In Marshall County

Marshalltown Senior Residences

201 E Main St
Marshalltown, IA
1-2 BR

Odd Fellows Apartments

206 Nicholas Dr
Marshalltown, IA
Elderly Supportive Housing

Associates Supported Housing

208 S 3rd St
Marshalltown, IA
Disabled Supportive Housing

Marshall Cmi Housing

105 E Webster St
Marshalltown, IA
Disabled Supportive Housing

State Center Park Apartments

609 2nd St NW
State Center, IA
HCV Welcome

State Center Park

705 2nd St NW
State Center, IA

Edgebrook Park Apartments

513 E Olive St
Marshalltown, IA

Laurel Leisure

203 Buhrow St
Laurel, IA

Hillcrest Apartments

208 Glenda Dr
Marshalltown, IA
HCV Welcome

Leisure Homes

300 Drury Ln
Le Grand, IA

There are 18 low income housing apartment complexes which contain 537 affordable apartments for rent in Marshall County. Many of these rental apartments are income based housing with 229 apartments that set rent based on your income. In Marshall County, HUD housing programs support 72 rental assistance apartments through programs like Project-based Section 8. There are 280 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Other Housing Authorities located in Marshall County

Housing Authority Programs
City of Marshalltown Rent Assistance Program Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Marshall County, Iowa

Marshall County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 18
Total Low Income Apartments 537
Total Rent Assisted Apartments 229
Percentage of Housing Units Occupied By Renters 27.53%
Average Renter Household Size 2.50
Total Population 40,962
Housing Units 15,297
Average Household Size 2.60
Median Household Income $53,351 ±$1,636
Median Rent $650 ±$29
Percentage Of Renters Overburdened 34.74% ± 4.51pp

Population and Household Demographics

Marshall County is a County in Iowa with a population of 40,962. There are 15,297 households in the county with an average household size of 2.60 persons. 27.53% of households in Marshall County are renters.

Income and Rent Overburden in Marshall County

The median gross income for households in Marshall County is $53,351 a year, or $4,446 a month. The median rent for the county is $650 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marshall County, a household making less than $2,167 a month would be considered overburdened when renting an apartment at or above the median rent. 34.74% of households who rent are overburdened in Marshall County.1

Area Median Income In Marshall 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 Marshall County, HUD calculates the Area Median Income for a family of four as $67,400

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 Marshall 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 Marshall County HUD Rental Assistance in Marshall County

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
Low Income Housing Tax Credits in Marshall County

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

From 1993 to 2011, 7 low income apartment communities containing 200 rental apartments have been constructed and made affordable to low income persons in Marshall 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 Marshall County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
60% of Median $29,160 $33,360 $37,500 $41,640 $45,000 $48,360 $51,660 $55,020

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 Marshall County is $37,500 a year, or $3,125 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,125 by 30% to get a maximum rent of $938 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% $608 $651 $781 $903 $1,008 $1,111
60% $729 $782 $938 $1,083 $1,209 $1,334
Fair Market Rents in Marshall 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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$466 $565 $725 $942 $980

Cities In Marshall County

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

City Listings Served By
State Center 2
Marshalltown 11 The HUD funded Public Housing Agency that serves Marshalltown is the City of Marshalltown Rent Assistance Program.
Gilman 2
Le Grand 2
Laurel 1
Ferguson 0
Green Mountain 0
Albion 0
Clemons 0
Haverhill 0
Liscomb 0
Melbourne 0
Rhodes 0
St. Anthony 0