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Affordable Housing In Northwood
Worth County, Iowa

3 Low Income Apartment Communities In Northwood

Villa Woods North and South

906 9th Ave N
Northwood, Iowa

Viking Manor Inc

1503 3rd Ave S
Northwood, Iowa

Northwood 032 S

905 9th Avenue
Northwood, Iowa
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Housing Authorities that serve Northwood

Housing Authority Programs
North Iowa Regional Housing Authority Public Housing

Guide To Affordable Housing in Northwood, Iowa

There are 3 low income housing apartment communities offering 92 affordable apartments for rent in Northwood, Iowa.

Income Based Apartments in Northwood, Iowa

Northwood features 44 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 Northwood, Iowa

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Northwood.

Housing Choice Vouchers in Northwood, Iowa

On average, Section 8 Housing Choice vouchers pay Northwood landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Northwood.

The maximum amount a voucher would pay on behalf of a low-income tenant in Northwood, Iowa for a two-bedroom apartment is between $618 and $756.

2020 Northwood, 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 $497 $586 $687 $971 $1,141
Payment Standard Range $447 to $547 $527 to $645 $618 to $756 $874 to $1,068 $1,027 to $1,255

Sourced from federal housing data and research.

Northwood, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 92
Total Housing Units with Rental Assistance 44
Percentage of Housing Units Occupied By Renters 28.76%
Average Renter Household Size 1.50
Average Household Size 2.13
Median Household Income $39,583 ±$9,191
Median Rent $572 ±$74
Percentage Of Renters Overburdened 35.71% ± 14.76pp
Total Population 2,028

Population and Household Demographics

Northwood is a city in Worth County, Iowa with a population of 2,028. There are 925 households in the city with an average household size of 2.13 persons. 28.76% of households in Northwood are renters.

Income and Rent Overburden in Northwood

The median gross income for households in Northwood is $39,583 a year, or $3,299 a month. The median rent for the city is $572 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Northwood, a household making less than $1,907 a month would be considered overburdened when renting an apartment at or above the median rent. 35.71% of households who rent are overburdened in Northwood.

Area Median Income In Northwood

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 Northwood, the AMI is calculated from all households within Worth County.

In Northwood, HUD calculates the Area Median Income for a family of four as $68,100

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 Northwood

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 Northwood

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