Affordable Housing In Pella
Marion County, Iowa

4 Low Income Apartment Communities In Pella

Fair Haven West

604 E 2nd St
Pella, IA
Subsidized
62+
Accessible
Elderly Supportive Housing

Meadow Wood of Pella - 410 E 115th St

410 E 15th St
Pella, IA
Accepts Vouchers

Meadow Wood Apartments

406 E 15th St
Pella, IA
Accepts Vouchers

Shady Creek Apartments

210 E Jefferson St
Pella, IA
Accepts Vouchers
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Guide To Affordable Housing in Pella, Iowa

There are 4 low income housing apartment communities offering 137 affordable apartments for rent in Pella, Iowa.

Income Based Apartments in Pella, Iowa

Pella features 29 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 Pella, Iowa

There are 108 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pella.

Housing Choice Vouchers in Pella, Iowa

On average, Section 8 Housing Choice vouchers pay Pella landlords $400 per month towards rent. The average voucher holder contributes $400 towards rent in Pella.

The maximum amount a voucher would pay on behalf of a low-income tenant in Pella, Iowa for a two-bedroom apartment is between $661 and $807.

2020 Pella, 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 $566 $569 $734 $915 $1,027
Payment Standard Range $509 to $623 $512 to $626 $661 to $807 $824 to $1,007 $924 to $1,130

Sourced from federal housing data and AffordableHousingOnline.com research.

Pella, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 137
Total Housing Units with Rental Assistance 29
Percentage of Housing Units Occupied By Renters 37.1%
Average Renter Household Size 1.66
Average Household Size 2.34
Median Household Income $55,551 ±$6,104
Median Rent $789 ±$68
Percentage Of Renters Overburdened 48.47% ± 8.78pp
Total Population 10,316

Population and Household Demographics

Pella is a City in Marion County, Iowa with a population of 10,316. There are 3,776 households in the city with an average household size of 2.34 persons. 37.1% of households in Pella are renters.

Income and Rent Overburden in Pella

The median gross income for households in Pella is $55,551 a year, or $4,629 a month. The median rent for the city is $789 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pella, a household making less than $2,630 a month would be considered overburdened when renting an apartment at or above the median rent. 48.47% of households who rent are overburdened in Pella.1

Area Median Income In Pella

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 Pella, the AMI is calculated from all households within Marion County.

In Pella, HUD calculates the Area Median Income for a family of four as $75,400

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 Pella

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 Pella HUD Rental Assistance in Pella

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,850 $18,100 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,400 $30,200 $33,950 $37,700 $40,750 $43,750 $46,750 $49,800
80% of Median $42,250 $48,250 $54,300 $60,300 $65,150 $69,950 $74,800 $79,600