Affordable Housing In Muscatine County
Iowa
19 Low Income Apartment Communities In Muscatine County
Mwa II Group Home
Housing Authorities that serve Muscatine County
| Housing Authority | Programs |
|---|---|
| Muscatine Municipal Housing Agency | Section 8 Housing Choice Voucher (HCV); Public Housing |
Guide To Affordable Housing in Muscatine County, Iowa
There are 19 low income housing apartment communities offering 857 affordable apartments for rent in Muscatine County, Iowa. Muscatine County features 483 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 374 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Muscatine County.
Sourced from federal housing data and AffordableHousingOnline.com research.
Muscatine County, IA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 19 |
|---|---|
| Total Low Income Apartments | 857 |
| Total Housing Units with Rental Assistance | 483 |
| Percentage of Housing Units Occupied By Renters | 26.06% |
| Average Renter Household Size | 2.33 |
| Average Household Size | 2.59 |
| Median Household Income | $53,676 ±$1,919 |
| Median Rent | $732 ±$23 |
| Percentage Of Renters Overburdened | 38.62% ± 5.09pp |
| Total Population | 42,913 |
Population and Household Demographics
Muscatine County is a County in Iowa with a population of 42,913. There are 16,345 households in the county with an average household size of 2.59 persons. 26.06% of households in Muscatine County are renters.
Income and Rent Overburden in Muscatine County
The median gross income for households in Muscatine County is $53,676 a year, or $4,473 a month. The median rent for the county is $732 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Muscatine County, a household making less than $2,440 a month would be considered overburdened when renting an apartment at or above the median rent. 38.62% of households who rent are overburdened in Muscatine County.1
Area Median Income In Muscatine 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 Muscatine County, HUD calculates the Area Median Income for a family of four as $70,800
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 Muscatine 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 Muscatine County HUD Rental Assistance in Muscatine County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% of Median | $14,900 | $17,000 | $21,330 | $25,750 | $30,170 | $34,590 | $39,010 | $43,430 |
| 50% of Median | $24,800 | $28,350 | $31,900 | $35,400 | $38,250 | $41,100 | $43,900 | $46,750 |
| 80% of Median | $39,700 | $45,350 | $51,000 | $56,650 | $61,200 | $65,750 | $70,250 | $74,800 |
Low Income Housing Tax Credits in Muscatine County
The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.
From 1996 to 2006, 7 low income apartment communities containing 278 rental apartments have been constructed and made affordable to low income persons in Muscatine 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 Muscatine County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 50% of Median | $24,800 | $28,350 | $31,900 | $35,400 | $38,250 | $41,100 | $43,900 | $46,750 |
| 60% of Median | $29,760 | $34,020 | $38,280 | $42,480 | $45,900 | $49,320 | $52,680 | $56,100 |
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 Muscatine County is $38,280 a year, or $3,190 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,190 by 30% to get a maximum rent of $957 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% | $620 | $664 | $798 | $921 | $1,028 | $1,133 |
| 60% | $744 | $797 | $957 | $1,105 | $1,233 | $1,360 |
Fair Market Rents in Muscatine 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 |
|---|---|---|---|---|
| $540 | $629 | $829 | $1,049 | $1,292 |
Cities In Muscatine County
Select A City to View its Apartment Communities and Waiting Lists.
| City | Listings | Served By |
|---|---|---|
| Muscatine | 15 | The HUD funded Public Housing Agency that serves Muscatine is the Muscatine Municipal Housing Agency. |
| West Liberty | 4 | The HUD funded Public Housing Agency that serves West Liberty is the Muscatine Municipal Housing Agency. |
| Walcott | 0 | The HUD funded Public Housing Agency that serves Walcott is the Muscatine Municipal Housing Agency. |
| Atalissa | 0 | The HUD funded Public Housing Agency that serves Atalissa is the Muscatine Municipal Housing Agency. |
| Blue Grass | 0 | The HUD funded Public Housing Agency that serves Blue Grass is the Muscatine Municipal Housing Agency. |
| Conesville | 0 | The HUD funded Public Housing Agency that serves Conesville is the Muscatine Municipal Housing Agency. |
| Nichols | 0 | The HUD funded Public Housing Agency that serves Nichols is the Muscatine Municipal Housing Agency. |
| Fruitland | 0 | The HUD funded Public Housing Agency that serves Fruitland is the Muscatine Municipal Housing Agency. |
| Stockton | 0 | The HUD funded Public Housing Agency that serves Stockton is the Muscatine Municipal Housing Agency. |
