Affordable Housing In Story County
Iowa

Waiting List Openings In Story County

Emergency Housing Voucher

How to Apply for the Waiting List.

Emergency Housing Voucher

How to Apply for the Waiting List.

16 Low Income Apartment Communities In Story County

Neveda Park Elderly

833 S 13th St
Nevada, Iowa
Subsidized

Eastwood Apartments

420 E 7th St
Ames, Iowa
Subsidized

Keystone and Stonehaven Apartments

3115 Roy Key Ave
Ames, Iowa
Subsidized
62+
Accessible
Elderly Supportive Housing

The Meadows Apartments ~ Nevada

402 5th St
Nevada, Iowa
Subsidized

Cedar Place Apartments

812 Cedar St
Story City, Iowa
Subsidized
62+
Accessible
Elderly Supportive Housing

Meadow Wood of Ames

4350 Maricopa Dr
Ames, Iowa

South Court Townhomes

710 S 11th St
Nevada, Iowa

Granmeadow Villiage Apartments

1014 Shagbark Dr
Nevada, Iowa

Laverne Apartments

919 S 16th St
Ames, Iowa

Section 8 Vouchers, Apartments, and Waiting Lists in Story County, 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 Story County, Iowa

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

Guide To Affordable Housing in Story County, Iowa

There are 16 low income housing apartment communities offering 897 affordable apartments for rent in Story County, Iowa.

Income Based Apartments in Story County, Iowa

Story County features 443 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 Story County, Iowa

There are 454 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Story County.

Housing Choice Vouchers in Story County, Iowa

On average, Section 8 Housing Choice vouchers pay Story County landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Story County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Story County, Iowa for a two-bedroom apartment is between $849 and $1,037.

2022 Story County, 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
Story County, Iowa Fair Market Rent $787 $798 $943 $1,340 $1,581
Story County, Iowa Payment Standard Range $708 to $866 $718 to $878 $849 to $1,037 $1,206 to $1,474 $1,423 to $1,739

Sourced from federal housing data and AffordableHousingOnline.com research.

Story County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 16
Total Low Income Apartments 897
Total Housing Units with Rental Assistance 443
Percentage of Housing Units Occupied By Renters 46.56%
Average Renter Household Size 2.17
Average Household Size 2.35
Median Household Income $50,438 ±$1,346
Median Rent $772 ±$16
Percentage Of Renters Overburdened 53.38% ± 3.47pp
Total Population 93,586

Population and Household Demographics

Story County is a county in Iowa with a population of 93,586. There are 35,901 households in the county with an average household size of 2.35 persons. 46.56% of households in Story County are renters.

Income and Rent Overburden in Story County

The median gross income for households in Story County is $50,438 a year, or $4,203 a month. The median rent for the county is $772 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Story County, a household making less than $2,573 a month would be considered overburdened when renting an apartment at or above the median rent. 53.38% of households who rent are overburdened in Story County.

Area Median Income In Story 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 Story County, HUD calculates the Area Median Income for a family of four as $85,400

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 Story 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 HUD Rental Assistance in Story County

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 Story County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,900 $21,600 $24,300 $26,950 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Story County AMI may qualify for rental assistance programs that target Very Low Income households.
$31,500 $36,000 $40,500 $44,950 $48,550 $52,150 $55,750 $59,350
80% AMI Income Limits
Renters earning up to 80% of the Story County AMI may qualify for rental assistance programs that target Low Income households.
$50,400 $57,600 $64,800 $71,950 $77,750 $83,500 $89,250 $95,000

Cities In Story County

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

City Served By
Ames The HUD funded Public Housing Agencies that serve Ames are the City of Ames and Central Iowa Regional Housing Authority.
Cambridge The HUD funded Public Housing Agency that serves Cambridge is the Central Iowa Regional Housing Authority.
Collins The HUD funded Public Housing Agency that serves Collins is the Central Iowa Regional Housing Authority.
Colo The HUD funded Public Housing Agency that serves Colo is the Central Iowa Regional Housing Authority.
Gilbert The HUD funded Public Housing Agency that serves Gilbert is the Central Iowa Regional Housing Authority.
Huxley The HUD funded Public Housing Agency that serves Huxley is the Central Iowa Regional Housing Authority.
Kelley The HUD funded Public Housing Agency that serves Kelley is the Central Iowa Regional Housing Authority.
Maxwell The HUD funded Public Housing Agency that serves Maxwell is the Central Iowa Regional Housing Authority.
McCallsburg The HUD funded Public Housing Agency that serves McCallsburg is the Central Iowa Regional Housing Authority.
Nevada The HUD funded Public Housing Agency that serves Nevada is the Central Iowa Regional Housing Authority.
Roland The HUD funded Public Housing Agency that serves Roland is the Central Iowa Regional Housing Authority.
Slater The HUD funded Public Housing Agency that serves Slater is the Central Iowa Regional Housing Authority.
Story City The HUD funded Public Housing Agency that serves Story City is the Central Iowa Regional Housing Authority.
Zearing The HUD funded Public Housing Agency that serves Zearing is the Central Iowa Regional Housing Authority.