What HUD offices serve Rock Rapids, 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 Rock Rapids.
How many renters live in Rock Rapids, Iowa?
The City of Rock Rapids has 2,631 people living in 950 households.
There are 416 renters living in 201 renter households in this City. Renters make up 15.81 percent of the population living in Rock Rapids.
What is the rental market like in Rock Rapids, Iowa?
There are an estimated 1,133 housing units in the Rock Rapids area. Of these, 343 units are rental homes, making up 30 percent of the housing market. For every renter household in Rock Rapids, Iowa, there are 2 rental units.
What is the vacancy rate for rentals in Rock Rapids?
The rental vacancy rate in Rock Rapids is 36 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Rock Rapids for each bedroom size?
Occupied Rental Units by Size in Rock Rapids
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 10 | 39 | 84 | 35 | 33 |
Occupied Rental Units by Size in Rock Rapids
A large number of apartments in Rock Rapids 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 Rock Rapids are overburdened by housing costs?
Among renter households in this market, 10 percent have housing cost burden. Further, 6 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 Rock Rapids
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,300. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $630 |
| One BR | $750 |
| Two BR | $862 |
| Three BR | $1,042 |
| Four BR | $1,300 |
2024 Fair Market Rents in Rock Rapids, Iowa
How many units are rented at Fair Market Rent (FMR) in Rock Rapids?
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 |
| Studio | 6 | 60 percent |
| One BR | 39 | 100 percent |
| Two BR | 39 | 46 percent |
Rental Units Below FMR in Rock Rapids, Iowa
How many affordable rental units are in Rock Rapids?
There are a variety of federal affordable housing programs serving households in Rock Rapids, Iowa including the following:
| Federal Program | Unit Count |
| Public Housing | 36 |
| Section 8 Project-Based Rental Assistance | 34 |
Tracked Units by Federal Program in Rock Rapids, Iowa
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Rock Rapids, Iowa
Rock Rapids features 92 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 Rock Rapids, Iowa
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rock Rapids.
Housing Choice Vouchers in Rock Rapids, Iowa
On average, Section 8 Housing Choice vouchers pay Rock Rapids landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Rock Rapids.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rock Rapids, Iowa for a two-bedroom apartment is between $776 and $948.
Sourced from federal housing data and AffordableHousingOnline.com research.
