Affordable Housing In Polk County
Iowa

167 Low Income Apartment Communities In Polk County

Hawthorn Hill

921 Pleasant St
Des Moines, IA
Call For Rent
1-3 BR
HCV Welcome

Logan Park Apartments

1731 Cleveland Avenue
Des Moines, IA
Income Based
1 BR
Subsidized

Meadow Vista Senior Villas

1806 28th Ave SW
Altoona, IA
$553-670
2 BR
55+
HCV Welcome

Rumely Lofts

104 SW 4th St
Des Moines, IA
Call For Rent
1-2 BR
HCV Welcome

Chapel Ridge - Johnston

6200 Clark Lane
Johnston, IA
$840-1,115
2-3 BR
HCV Welcome
Market Rate

The Brickstones at Riverbend

513 Forest Ave
Des Moines, IA
Call For Rent
2 BR
HCV Welcome
Market Rate

Villas at Meadow Springs

710 S Ankeny Blvd
Ankeny, IA
Call For Rent
1-2 BR
55+
HCV Welcome
Market Rate

Southridge Senior Lofts

695 E Army Post Rd.
Des Moines, IA
$525-554
1-2 BR
55+
HCV Welcome

Meadow Vista Parkside

1806 28th Avenue SW
Altoona, IA
Call For Rent
3-4 BR
HCV Welcome

Melbourne Apartments

5515 SE 14th St
Des Moines, IA
$700-930
1-3 BR
HCV Welcome

There are 167 low income housing apartment complexes which contain 9,082 affordable apartments for rent in Polk County. Many of these rental apartments are income based housing with 2,591 apartments that set rent based on your income. In Polk County, HUD housing programs support 951 rental assistance apartments through programs like Project-based Section 8. There are 6,066 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Polk County

Housing Authority Programs
Des Moines Municipal Housing Agency Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Polk County, Iowa

Polk County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 167
Total Low Income Apartments 9,082
Total Rent Assisted Apartments 2,591
Percentage of Housing Units Occupied By Renters 32.42%
Average Renter Household Size 2.23
Total Population 452,369
Housing Units 177,049
Average Household Size 2.50
Median Household Income $60,061 ±$876
Median Rent $799 ±$10
Percentage Of Renters Overburdened 43.1% ± 1.9pp

Population and Household Demographics

Polk County is a County in Iowa with a population of 452,369. There are 177,049 households in the county with an average household size of 2.50 persons. 32.42% of households in Polk County are renters.

Income and Rent Overburden in Polk County

The median gross income for households in Polk County is $60,061 a year, or $5,005 a month. The median rent for the county is $799 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Polk County, a household making less than $2,663 a month would be considered overburdened when renting an apartment at or above the median rent. 43.1% of households who rent are overburdened in Polk County.1

Area Median Income In Polk 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 Polk County, HUD calculates the Area Median Income for a family of four as $88,000

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 Polk 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 Polk County HUD Rental Assistance in Polk County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,400 $21,000 $23,650 $26,250 $30,170 $34,590 $39,010 $43,430
50% of Median $30,650 $35,000 $39,400 $43,750 $47,250 $50,750 $54,250 $57,750
80% of Median $49,000 $56,000 $63,000 $70,000 $75,600 $81,200 $86,800 $92,400
Low Income Housing Tax Credits in Polk County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2012, 116 low income apartment communities containing 5,162 rental apartments have been constructed and made affordable to low income persons in Polk County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Polk County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $30,650 $35,000 $39,400 $43,750 $47,250 $50,750 $54,250 $57,750
60% of Median $36,780 $42,000 $47,280 $52,500 $56,700 $60,900 $65,100 $69,300

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Polk County is $47,280 a year, or $3,940 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,940 by 30% to get a maximum rent of $1,182 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $766 $821 $985 $1,138 $1,269 $1,400
60% $920 $985 $1,182 $1,365 $1,523 $1,680
Fair Market Rents in Polk County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$614 $736 $910 $1,226 $1,357

Cities In Polk County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Des Moines 124 The HUD funded Public Housing Agency that serves Des Moines is the Des Moines Municipal Housing Agency.
Ankeny 11 The HUD funded Public Housing Agency that serves Ankeny is the Des Moines Municipal Housing Agency.
Altoona 7 The HUD funded Public Housing Agency that serves Altoona is the Des Moines Municipal Housing Agency.
Pleasant Hill 5 The HUD funded Public Housing Agency that serves Pleasant Hill is the Des Moines Municipal Housing Agency.
Norwalk 4 The HUD funded Public Housing Agency that serves Norwalk is the Des Moines Municipal Housing Agency.
Carlisle 4 The HUD funded Public Housing Agency that serves Carlisle is the Des Moines Municipal Housing Agency.
Runnells 4 The HUD funded Public Housing Agency that serves Runnells is the Des Moines Municipal Housing Agency.
Johnston 4 The HUD funded Public Housing Agency that serves Johnston is the Des Moines Municipal Housing Agency.
Polk City 2 The HUD funded Public Housing Agency that serves Polk City is the Des Moines Municipal Housing Agency.
Elkhart 1 The HUD funded Public Housing Agency that serves Elkhart is the Des Moines Municipal Housing Agency.
Bondurant 1 The HUD funded Public Housing Agency that serves Bondurant is the Des Moines Municipal Housing Agency.
Saylorville 0 The HUD funded Public Housing Agency that serves Saylorville is the Des Moines Municipal Housing Agency.
Windsor Heights 0 The HUD funded Public Housing Agency that serves Windsor Heights is the Des Moines Municipal Housing Agency.
Alleman 0 The HUD funded Public Housing Agency that serves Alleman is the Des Moines Municipal Housing Agency.