Affordable Housing In Newton
Jasper County, Iowa

18 Low Income Apartment Communities In Newton

Newton Place Apartments

222 North 4th Avenue West
Newton, Iowa
$391-515
2 BR
62+

Hunter's Run

821 S 13th Ave E
Newton, Iowa
1 BR

Linden Place - Newton

1105 East 12th Street South
Newton, Iowa
Income Based
1 BR
Subsidized
62+
Accessible
Elderly Supportive Housing

Newton Park Apartments

1425 North 11th Avenue NE
Newton, Iowa
Income Based
1-2 BR

Candleridge of Newton

1224 N 4th Ave W
Newton, Iowa

Hotel Maytag

105 W 2nd St N
Newton, Iowa

Newton Plaza Apartments

901 S 13th Ave E
Newton, Iowa
Subsidized

Progress Industries Group Homes

815 E 15th St N
Newton, Iowa
Subsidized
62+
Accessible
Elderly Supportive Housing

Suncrest Village

1800 S 4th Ave E
Newton, Iowa
Subsidized

Capstone Housing

313 E 4th St N
Newton, Iowa
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Section 8 Vouchers, Apartments, and Waiting Lists in Newton, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Newton, Iowa

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

Guide To Affordable Housing in Newton, Iowa

There are 18 low income housing apartment communities offering 746 affordable apartments for rent in Newton, Iowa.

Income Based Apartments in Newton, Iowa

Newton features 250 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 Newton, Iowa

There are 371 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newton.

Housing Choice Vouchers in Newton, Iowa

On average, Section 8 Housing Choice vouchers pay Newton landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Newton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Newton, Iowa for a two-bedroom apartment is between $752 and $919.

2023 Newton, 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
Newton, Iowa Fair Market Rent $616 $634 $835 $1,158 $1,238
Newton, Iowa Payment Standard Range $554 to $678 $571 to $697 $752 to $919 $1,042 to $1,274 $1,114 to $1,362

Sourced from federal housing data and AffordableHousingOnline.com research.

Newton, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 18
Total Low Income Apartments 746
Total Housing Units with Rental Assistance 250
Percentage of Housing Units Occupied By Renters 35.08%
Average Renter Household Size 2.31
Average Household Size 2.37
Median Household Income $46,512 ±$5,322
Median Rent $672 ±$65
Percentage Of Renters Overburdened 44.46% ± 8.2pp
Total Population 15,147

Population and Household Demographics

Newton is a city in Jasper County, Iowa with a population of 15,147. There are 6,232 households in the city with an average household size of 2.37 persons. 35.08% of households in Newton are renters.

Income and Rent Overburden in Newton

The median gross income for households in Newton is $46,512 a year, or $3,876 a month. The median rent for the city is $672 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Newton, a household making less than $2,240 a month would be considered overburdened when renting an apartment at or above the median rent. 44.46% of households who rent are overburdened in Newton.

Area Median Income In Newton

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 Newton, the AMI is calculated from all households within Jasper County.

In Newton, HUD calculates the Area Median Income for a family of four as $78,500

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 Newton

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 Newton

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Newton AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,600 $18,950 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Newton AMI may qualify for rental assistance programs that target Very Low Income households.
$27,650 $31,600 $35,550 $39,450 $42,650 $45,800 $48,950 $52,100
80% AMI Income Limits
Renters earning up to 80% of the Newton AMI may qualify for rental assistance programs that target Low Income households.
$44,200 $50,500 $56,800 $63,100 $68,150 $73,200 $78,250 $83,300