Affordable Housing In Ringgold County
Iowa

4 Low Income Apartment Communities In Ringgold County

Tingley Housing Corporation

301 E Main St
Tingley, IA
Subsidized

Clearfield Manor

407 4th St
Clearfield, IA
Subsidized

Heritage Park Apartments

306 E Monroe St
Mount Ayr, IA

Diagonal Housing Corp

407 W 7th St
Diagonal, IA
Subsidized
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There are 4 low income housing apartment complexes which contain 62 affordable apartments for rent in Ringgold County. Many of these rental apartments are income based housing with 62 apartments that set rent based on your income. In Ringgold County, HUD housing programs support 8 rental assistance apartments through programs like Project-based Section 8. There are 0 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Ringgold County

Housing Authority Programs
Southern Iowa Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Ringgold County

Housing Authority Programs
Low Rent Housing Agency of Mount Ayr Public Housing

Guide To Affordable Housing in Ringgold County, Iowa

Ringgold County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 62
Total Rent Assisted Apartments 62
Percentage of Housing Units Occupied By Renters 22.46%
Average Renter Household Size 2.18
Total Population 5,061
Housing Units 2,030
Average Household Size 2.40
Median Household Income $47,042 ±$3,689
Median Rent $505 ±$52
Percentage Of Renters Overburdened 29.82% ± 7.31pp

Population and Household Demographics

Ringgold County is a County in Iowa with a population of 5,061. There are 2,030 households in the county with an average household size of 2.40 persons. 22.46% of households in Ringgold County are renters.

Income and Rent Overburden in Ringgold County

The median gross income for households in Ringgold County is $47,042 a year, or $3,920 a month. The median rent for the county is $505 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ringgold County, a household making less than $1,683 a month would be considered overburdened when renting an apartment at or above the median rent. 29.82% of households who rent are overburdened in Ringgold County.1

Area Median Income In Ringgold 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 Ringgold County, HUD calculates the Area Median Income for a family of four as $61,200

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 Ringgold 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 Ringgold County HUD Rental Assistance in Ringgold County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,600 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
80% of Median $38,850 $44,400 $49,950 $55,500 $59,950 $64,400 $68,850 $73,300

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 Ringgold County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
60% of Median $29,160 $33,360 $37,500 $41,640 $45,000 $48,360 $51,660 $55,020

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 Ringgold County is $37,500 a year, or $3,125 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,125 by 30% to get a maximum rent of $938 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% $608 $651 $781 $903 $1,008 $1,111
60% $729 $782 $938 $1,083 $1,209 $1,334
Fair Market Rents in Ringgold 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
$481 $538 $664 $908 $911

Cities In Ringgold County

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

City Listings Served By
Tingley 1 The HUD funded Public Housing Agency that serves Tingley is the Southern Iowa Regional Housing Authority.
Clearfield 1 The HUD funded Public Housing Agency that serves Clearfield is the Southern Iowa Regional Housing Authority.
Diagonal 1 The HUD funded Public Housing Agency that serves Diagonal is the Southern Iowa Regional Housing Authority.
Kellerton 0 The HUD funded Public Housing Agency that serves Kellerton is the Southern Iowa Regional Housing Authority.
Beaconsfield 0 The HUD funded Public Housing Agency that serves Beaconsfield is the Southern Iowa Regional Housing Authority.
Benton 0 The HUD funded Public Housing Agency that serves Benton is the Southern Iowa Regional Housing Authority.
Delphos 0 The HUD funded Public Housing Agency that serves Delphos is the Southern Iowa Regional Housing Authority.
Ellston 0 The HUD funded Public Housing Agency that serves Ellston is the Southern Iowa Regional Housing Authority.
Maloy 0 The HUD funded Public Housing Agency that serves Maloy is the Southern Iowa Regional Housing Authority.
Mount Ayr 1 The HUD funded Public Housing Agency that serves Mount Ayr is the Southern Iowa Regional Housing Authority.
Sun Valley Lake 0 The HUD funded Public Housing Agency that serves Sun Valley Lake is the Southern Iowa Regional Housing Authority.
Redding 0 The HUD funded Public Housing Agency that serves Redding is the Southern Iowa Regional Housing Authority.
Shannon City 0 The HUD funded Public Housing Agency that serves Shannon City is the Southern Iowa Regional Housing Authority.