Affordable Housing In O'Brien County
Guide To Affordable Housing in O'Brien County, Iowa
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in O'Brien County, Iowa.
Income Based Apartments in O'Brien County, Iowa
O'Brien County features 0 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 O'Brien County, Iowa
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in O'Brien County.
Housing Choice Vouchers in O'Brien County, Iowa
On average, Section 8 Housing Choice vouchers pay O'Brien County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in O'Brien County.
The maximum amount a voucher would pay on behalf of a low-income tenant in O'Brien County, Iowa for a two-bedroom apartment is between $618 and $756.
2020 O'Brien County, 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||$522||$687||$958||$961|
|Payment Standard Range||$447 to $547||$470 to $574||$618 to $756||$862 to $1,054||$865 to $1,057|
Sourced from federal housing data and AffordableHousingOnline.com research.
O'Brien County, IA Affordable Housing Snapshot
|Total Affordable Apartment Properties||0|
|Total Low Income Apartments||0|
|Total Housing Units with Rental Assistance||0|
|Percentage of Housing Units Occupied By Renters||26.05%|
|Average Renter Household Size||2.08|
|Average Household Size||2.28|
|Median Household Income||$55,227 ±$3,484|
|Median Rent||$584 ±$42|
|Percentage Of Renters Overburdened||30.37% ± 7.32pp|
Population and Household Demographics
O'Brien County is a county in Iowa with a population of 14,092. There are 6,004 households in the county with an average household size of 2.28 persons. 26.05% of households in O'Brien County are renters.
Income and Rent Overburden in O'Brien County
The median gross income for households in O'Brien County is $55,227 a year, or $4,602 a month. The median rent for the county is $584 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In O'Brien County, a household making less than $1,947 a month would be considered overburdened when renting an apartment at or above the median rent. 30.37% of households who rent are overburdened in O'Brien County.
Area Median Income In O'Brien 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 O'Brien County, HUD calculates the Area Median Income for a family of four as $76,300
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 O'Brien 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 HUD Rental Assistance in O'Brien County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$16,050||$18,350||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$26,750||$30,550||$34,350||$38,150||$41,250||$44,300||$47,350||$50,400|
|80% of Median||$42,750||$48,850||$54,950||$61,050||$65,950||$70,850||$75,750||$80,600|