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Affordable Housing In Newton
Jasper County, Iowa

17 Low Income Apartment Communities In Newton

Newton Place Apartments

222 North 4th Avenue West
Newton, Iowa
2 BR

Hunter's Run

821 S 13th Ave E
Newton, Iowa
Income Based
1-3 BR

Linden Place - Newton

1105 E 12th St S
Newton, Iowa
Income Based
1 BR
Elderly Supportive Housing

Newton Park Apartments

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

Progress Industries Group Homes

815 E 15th St N
Newton, Iowa
Elderly Supportive Housing

Suncrest Village

1800 S 4th Ave E
Newton, Iowa

Capstone Housing

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

Newton Plaza Apartments

901 S 13th Ave E
Newton, Iowa

Meadow Wood Townhouses

906 E 16th St N
Newton, Iowa

Housing Authorities that serve Newton

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 17 low income housing apartment communities offering 701 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 326 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 $691 and $845.

2021 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
Fair Market Rent $558 $583 $768 $1,048 $1,206
Payment Standard Range $502 to $614 $525 to $641 $691 to $845 $943 to $1,153 $1,085 to $1,327

Sourced from federal housing data and research.

Newton, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 701
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 $72,800

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 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

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,300 $17,500 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $25,500 $29,150 $32,800 $36,400 $39,350 $42,250 $45,150 $48,050
80% of Median $40,800 $46,600 $52,450 $58,250 $62,950 $67,600 $72,250 $76,900