Affordable Housing In Pierson
Woodbury County, Iowa

Guide To Affordable Housing in Pierson, Iowa

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Pierson, Iowa.

Income Based Apartments in Pierson, Iowa

Pierson 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 Pierson, Iowa

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

Housing Choice Vouchers in Pierson, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Pierson, Iowa for a two-bedroom apartment is between $783 and $957.

2022 Pierson, 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
Pierson, Iowa Fair Market Rent $578 $661 $870 $1,075 $1,180
Pierson, Iowa Payment Standard Range $520 to $636 $595 to $727 $783 to $957 $968 to $1,183 $1,062 to $1,298

Sourced from federal housing data and AffordableHousingOnline.com research.

Pierson, 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 30.17%
Average Renter Household Size 2.22
Average Household Size 2.38
Median Household Income $36,250 ±$4,490
Median Rent $510 ±$91
Percentage Of Renters Overburdened 27.78% ± 24.58pp
Total Population 426

Population and Household Demographics

Pierson is a city in Woodbury County, Iowa with a population of 426. There are 179 households in the city with an average household size of 2.38 persons. 30.17% of households in Pierson are renters.

Income and Rent Overburden in Pierson

The median gross income for households in Pierson is $36,250 a year, or $3,021 a month. The median rent for the city is $510 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pierson, a household making less than $1,700 a month would be considered overburdened when renting an apartment at or above the median rent. 27.78% of households who rent are overburdened in Pierson.

Area Median Income In Pierson

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 Pierson, the AMI is calculated from all households within Woodbury County.

In Pierson, HUD calculates the Area Median Income for a family of four as $73,300

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 Pierson

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 Pierson

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Pierson AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,400 $17,600 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Pierson AMI may qualify for rental assistance programs that target Very Low Income households.
$25,700 $29,350 $33,000 $36,650 $39,600 $42,550 $45,450 $48,400
80% AMI Income Limits
Renters earning up to 80% of the Pierson AMI may qualify for rental assistance programs that target Low Income households.
$41,100 $46,950 $52,800 $58,650 $63,350 $68,050 $72,750 $77,450