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Affordable Housing In Mason City
Cerro Gordo County, Iowa

14 Low Income Apartment Communities In Mason City

Legacy Manor of Mason City II

3300 9th St SW
Mason City, Iowa
2 BR
Market Rate

Regency Apartments

1531 6th Pl SE
Mason City, Iowa

Autumn Park Apartments ~ Mason City

710 S Pierce Ave
Mason City, Iowa

Three Links Apartments

1033 19th St SW
Mason City, Iowa
Elderly Supportive Housing

Pilgrim Place

741 S Illinois Ave
Mason City, Iowa
Elderly Supportive Housing

Shalom Towers II

321 4th St NE
Mason City, Iowa
Elderly Supportive Housing

Westside Manor

2401 S Taft Ave
Mason City, Iowa

Pebble Creek II

190 S Grove
Mason City, Iowa

Grant Village

823 6th St SW
Mason City, Iowa

Pebble Creek Assoc. - 150 S Grover

150 S Grover Ave
Mason City, Iowa

Housing Authorities that serve Mason City

Housing Authority Programs
Mason City Housing Authority Section 8 Housing Choice Voucher (HCV)
North Iowa Regional Housing Authority Public Housing

Guide To Affordable Housing in Mason City, Iowa

There are 14 low income housing apartment communities offering 659 affordable apartments for rent in Mason City, Iowa.

Income Based Apartments in Mason City, Iowa

Mason City features 432 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 Mason City, Iowa

There are 227 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mason City.

Housing Choice Vouchers in Mason City, Iowa

On average, Section 8 Housing Choice vouchers pay Mason City landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Mason City.

The maximum amount a voucher would pay on behalf of a low-income tenant in Mason City, Iowa for a two-bedroom apartment is between $683 and $835.

2020 Mason City, 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
Fair Market Rent $495 $576 $759 $980 $1,187
Payment Standard Range $446 to $545 $518 to $634 $683 to $835 $882 to $1,078 $1,068 to $1,306

Sourced from federal housing data and research.

Mason City, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 659
Total Housing Units with Rental Assistance 432
Percentage of Housing Units Occupied By Renters 34.23%
Average Renter Household Size 1.76
Average Household Size 2.11
Median Household Income $43,525 ±$2,746
Median Rent $622 ±$21
Percentage Of Renters Overburdened 42.53% ± 6.17pp
Total Population 27,643

Population and Household Demographics

Mason City is a city in Cerro Gordo County, Iowa with a population of 27,643. There are 12,688 households in the city with an average household size of 2.11 persons. 34.23% of households in Mason City are renters.

Income and Rent Overburden in Mason City

The median gross income for households in Mason City is $43,525 a year, or $3,627 a month. The median rent for the city is $622 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mason City, a household making less than $2,073 a month would be considered overburdened when renting an apartment at or above the median rent. 42.53% of households who rent are overburdened in Mason City.

Area Median Income In Mason City

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 Mason City, the AMI is calculated from all households within Cerro Gordo County.

In Mason City, HUD calculates the Area Median Income for a family of four as $71,700

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 Mason City

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 Mason City

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,250 $17,400 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $25,400 $29,000 $32,650 $36,250 $39,150 $42,050 $44,950 $47,850
80% of Median $40,600 $46,400 $52,200 $58,000 $62,650 $67,300 $71,950 $76,600