What HUD offices serve Prairie City, Iowa?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Iowa Public Housing and Low-Income Apartments Waiting Lists page for openings near Prairie City.
How many renters live in Prairie City, Iowa?
The City of Prairie City has 1,762 people living in 664 households.
There are 541 renters living in 204 renter households in this City. Renters make up 30.7 percent of the population living in Prairie City.
What is the rental market like in Prairie City, Iowa?
There are an estimated 704 housing units in the Prairie City area. Of these, 213 units are rental homes, making up 30 percent of the housing market. For every renter household in Prairie City, Iowa, there are 1 rental units.
What is the vacancy rate for rentals in Prairie City?
The rental vacancy rate in Prairie City is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Prairie City for each bedroom size?
Occupied Rental Units by Size in Prairie City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 17 | 95 | 67 | 25 |
Occupied Rental Units by Size in Prairie City
A large number of apartments in Prairie City have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Prairie City are overburdened by housing costs?
Among renter households in this market, 21 percent have housing cost burden. Further, 12 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Prairie City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $652 to $1,235. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $652 |
| One BR | $656 |
| Two BR | $862 |
| Three BR | $1,198 |
| Four BR | $1,235 |
2024 Fair Market Rents in Prairie City, Iowa
How many units are rented at Fair Market Rent (FMR) in Prairie City?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 10 | 59 percent |
| Two BR | 70 | 74 percent |
Rental Units Below FMR in Prairie City, Iowa
How many affordable rental units are in Prairie City?
There are a variety of federal affordable housing programs serving households in Prairie City, Iowa including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 16 |
| USDA Section 515 Rural Rental Housing | 16 |
Tracked Units by Federal Program in Prairie City, Iowa
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Prairie City, Iowa
Prairie City features 16 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 Prairie City, Iowa
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Prairie City.
Housing Choice Vouchers in Prairie City, Iowa
On average, Section 8 Housing Choice vouchers pay Prairie City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Prairie City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Prairie City, Iowa for a two-bedroom apartment is between $776 and $948.
Sourced from federal housing data and AffordableHousingOnline.com research.
