What HUD offices serve Monroe County, Iowa?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Iowa Public Housing and Low-Income Apartments Waiting Lists page for openings near Monroe County.
How many renters live in Monroe County, Iowa?
The County of Monroe County has 7,574 people living in 3,032 households.
There are 1,068 renters living in 532 renter households in this County. Renters make up 14.1 percent of the population living in Monroe County.
What is the rental market like in Monroe County, Iowa?
There are an estimated 3,660 housing units in the Monroe County area. Of these, 691 units are rental homes, making up 19 percent of the housing market. For every renter household in Monroe County, Iowa, there are 1 rental units.
What is the vacancy rate for rentals in Monroe County?
The rental vacancy rate in Monroe County is 22 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Monroe County for each bedroom size?
Occupied Rental Units by Size in Monroe County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 39 | 108 | 176 | 192 | 0 |
Occupied Rental Units by Size in Monroe County
A large number of apartments in Monroe County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Monroe County are overburdened by housing costs?
Among renter households in this market, 57 percent have housing cost burden. Further, 23 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Monroe County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,149. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $630 |
| One BR | $657 |
| Two BR | $863 |
| Three BR | $1,123 |
| Four BR | $1,149 |
2024 Fair Market Rents in Monroe County, Iowa
How many units are rented at Fair Market Rent (FMR) in Monroe County?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 39 | 100 percent |
| One BR | 68 | 63 percent |
| Two BR | 104 | 59 percent |
Rental Units Below FMR in Monroe County, Iowa
How many affordable rental units are in Monroe County?
There are a variety of federal affordable housing programs serving households in Monroe County, Iowa including the following:
| Federal Program | Unit Count |
| Public Housing | 40 |
| Section 8 Project-Based Rental Assistance | 48 |
Tracked Units by Federal Program in Monroe County, Iowa
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Monroe County, Iowa
Monroe County features 88 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 Monroe County, Iowa
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Monroe County.
Housing Choice Vouchers in Monroe County, Iowa
On average, Section 8 Housing Choice vouchers pay Monroe County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Monroe County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Monroe County, Iowa for a two-bedroom apartment is between $777 and $949.
Sourced from federal housing data and AffordableHousingOnline.com research.
