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Affordable Housing In Rossie
Clay County, Iowa

Guide To Affordable Housing in Rossie, Iowa

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

Income Based Apartments in Rossie, Iowa

Rossie 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 Rossie, Iowa

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

Housing Choice Vouchers in Rossie, Iowa

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Rossie, Iowa for a two-bedroom apartment is between $618 and $756.

2020 Rossie, 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
Fair Market Rent $497 $522 $687 $968 $1,154
Payment Standard Range $447 to $547 $470 to $574 $618 to $756 $871 to $1,065 $1,039 to $1,269

Sourced from federal housing data and AffordableHousingOnline.com research.

Rossie, 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 28.57%
Average Renter Household Size 1.25
Average Household Size 1.93
Median Household Income $51,875 ±$16,140
Median Rent $533 ±$208
Percentage Of Renters Overburdened 25% ± 197.22pp
Total Population 54

Population and Household Demographics

Rossie is a city in Clay County, Iowa with a population of 54. There are 28 households in the city with an average household size of 1.93 persons. 28.57% of households in Rossie are renters.

Income and Rent Overburden in Rossie

The median gross income for households in Rossie is $51,875 a year, or $4,323 a month. The median rent for the city is $533 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rossie, a household making less than $1,777 a month would be considered overburdened when renting an apartment at or above the median rent. 25% of households who rent are overburdened in Rossie.

Area Median Income In Rossie

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 Rossie, the AMI is calculated from all households within Clay County.

In Rossie, HUD calculates the Area Median Income for a family of four as $68,500

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 Rossie

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 Rossie

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,250 $17,400 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $25,400 $29,000 $32,650 $36,250 $39,150 $42,050 $44,950 $47,850
80% of Median $40,600 $46,400 $52,200 $58,000 $62,650 $67,300 $71,950 $76,600