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Affordable Housing In Norway
Benton County, Iowa

1 Low Income Apartment Communities In Norway

Norway Area Housing

310 E Tuttle St
Norway, Iowa
Subsidized
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Housing Authorities that serve Norway

Housing Authority Programs
Cedar Rapids Housing Services Division Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Norway, Iowa

There are 1 low income housing apartment communities offering 4 affordable apartments for rent in Norway, Iowa.

Income Based Apartments in Norway, Iowa

Norway features 4 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 Norway, Iowa

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Norway.

Housing Choice Vouchers in Norway, Iowa

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

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

2020 Norway, 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 $470 $535 $687 $882 $1,018
Payment Standard Range $423 to $517 $482 to $589 $618 to $756 $794 to $970 $916 to $1,120

Sourced from federal housing data and AffordableHousingOnline.com research.

Norway, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 4
Total Housing Units with Rental Assistance 4
Percentage of Housing Units Occupied By Renters 13.75%
Average Renter Household Size 2.59
Average Household Size 2.28
Median Household Income $48,516 ±$6,654
Median Rent $688 ±$185
Percentage Of Renters Overburdened 24.32% ± 45.52pp
Total Population 613

Population and Household Demographics

Norway is a city in Benton County, Iowa with a population of 613. There are 269 households in the city with an average household size of 2.28 persons. 13.75% of households in Norway are renters.

Income and Rent Overburden in Norway

The median gross income for households in Norway is $48,516 a year, or $4,043 a month. The median rent for the city is $688 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Norway, a household making less than $2,293 a month would be considered overburdened when renting an apartment at or above the median rent. 24.32% of households who rent are overburdened in Norway.

Area Median Income In Norway

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 Norway, the AMI is calculated from all households within Benton County.

In Norway, HUD calculates the Area Median Income for a family of four as $85,100

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 Norway

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 Norway

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,900 $20,450 $23,000 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $29,800 $34,050 $38,300 $42,550 $46,000 $49,400 $52,800 $56,200
80% of Median $47,700 $54,500 $61,300 $68,100 $73,550 $79,000 $84,450 $89,900