Affordable Housing In Spirit Lake
Dickinson County, Iowa

6 Low Income Apartment Communities In Spirit Lake

Sunrise Apartments

2300 23rd St
Spirit Lake, Iowa

The Antlers

1703 Hill Ave
Spirit Lake, Iowa

Sunrise Ltd 7 050

1901 23rd St
Spirit Lake, Iowa

Arapahoe Village Apartments

2104 Jackson Ave
Spirit Lake, Iowa

Lakewood Court

607 15th St
Spirit Lake, Iowa

Summerfield Park

2300 Sunner Ave
Spirit Lake, Iowa
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Section 8 Vouchers, Apartments, and Waiting Lists in Spirit Lake, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Spirit Lake, Iowa

Housing Authority Programs
Low Rent Housing Agency of Spirit Lake Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Spirit Lake, Iowa

There are 6 low income housing apartment communities offering 168 affordable apartments for rent in Spirit Lake, Iowa.

Income Based Apartments in Spirit Lake, Iowa

Spirit Lake features 108 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 Spirit Lake, Iowa

There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Spirit Lake.

Housing Choice Vouchers in Spirit Lake, Iowa

On average, Section 8 Housing Choice vouchers pay Spirit Lake landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Spirit Lake.

The maximum amount a voucher would pay on behalf of a low-income tenant in Spirit Lake, Iowa for a two-bedroom apartment is between $786 and $960.

2022 Spirit Lake, 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
Spirit Lake, Iowa Fair Market Rent $631 $663 $873 $1,108 $1,184
Spirit Lake, Iowa Payment Standard Range $568 to $694 $597 to $729 $786 to $960 $997 to $1,219 $1,066 to $1,302

Sourced from federal housing data and research.

Spirit Lake, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 168
Total Housing Units with Rental Assistance 108
Percentage of Housing Units Occupied By Renters 31.88%
Average Renter Household Size 1.77
Average Household Size 2.02
Median Household Income $56,485 ±$7,417
Median Rent $634 ±$65
Percentage Of Renters Overburdened 40.05% ± 15.33pp
Total Population 4,948

Population and Household Demographics

Spirit Lake is a city in Dickinson County, Iowa with a population of 4,948. There are 2,381 households in the city with an average household size of 2.02 persons. 31.88% of households in Spirit Lake are renters.

Income and Rent Overburden in Spirit Lake

The median gross income for households in Spirit Lake is $56,485 a year, or $4,707 a month. The median rent for the city is $634 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Spirit Lake, a household making less than $2,113 a month would be considered overburdened when renting an apartment at or above the median rent. 40.05% of households who rent are overburdened in Spirit Lake.

Area Median Income In Spirit Lake

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 Spirit Lake, the AMI is calculated from all households within Dickinson County.

In Spirit Lake, HUD calculates the Area Median Income for a family of four as $87,700

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 Spirit Lake

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 Spirit Lake

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Spirit Lake AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,450 $21,050 $23,700 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Spirit Lake AMI may qualify for rental assistance programs that target Very Low Income households.
$30,700 $35,100 $39,500 $43,850 $47,400 $50,900 $54,400 $57,900
80% AMI Income Limits
Renters earning up to 80% of the Spirit Lake AMI may qualify for rental assistance programs that target Low Income households.
$49,150 $56,150 $63,150 $70,150 $75,800 $81,400 $87,000 $92,600