Affordable Housing In Story County
Iowa

Affordable Housing programs support 443 income based apartments in Story County where households pay rent based on how much they earn.

There are 406 affordable apartments in Story County that offer reduced rents to low-income households.

Waiting Lists in Story County, Iowa

There is one Section 8 Housing Choice Voucher waiting list open in Story County.

  • is currently open for new Section 8 applications.

Go to the Iowa Section 8 Waiting Lists page for more openings near Story County.

Windsor Pointe

3709 Tripp St
Ames, Iowa
Affordable

The Rose of Ames

1315 Coconino Rd
Ames, Iowa
Affordable

Prairie View Apartments

2330 Prairie View West
Ames, Iowa
Affordable

Maxwell Senior Housing Inc

701 5th St
Maxwell, Iowa
Rent Assisted

Cambridge Hsg

101 West Third Street
Cambridge, Iowa
Showing Results 11-15

Affordable Housing In Story County

View affordable apartments and waiting lists in cities near Story County

City Apartments
Affordable Housing In Ames, IA Affordable Housing programs support 6 apartment communities in Ames.
Affordable Housing In Cambridge, IA Affordable Housing programs support 1 apartment communities in Cambridge.
Affordable Housing In Collins, IA Affordable Housing programs support 1 apartment communities in Collins.
Affordable Housing In Maxwell, IA Affordable Housing programs support 1 apartment communities in Maxwell.
Affordable Housing In Nevada, IA Affordable Housing programs support 4 apartment communities in Nevada.
Affordable Housing In Story City, IA Affordable Housing programs support 2 apartment communities in Story City.

Public Housing Agencies Serving 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.

Housing Authority Programs
Central Iowa Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Iowa Public Housing and Low-Income Apartments Waiting Lists page for openings near Story County.

Story County, Iowa Affordable Housing Data

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 406 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 $883 and $1,079.

2023 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 $800 $862 $981 $1,394 $1,671
Story County, Iowa Payment Standard Range $720 to $880 $776 to $948 $883 to $1,079 $1,255 to $1,533 $1,504 to $1,838

Sourced from federal housing data and AffordableHousingOnline.com research.

Story County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 15
Total Low Income Apartments 849
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 $111,100

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.
$21,150 $24,150 $27,150 $30,150 $32,600 $37,190 $41,910 $46,630
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.
$35,200 $40,200 $45,250 $50,250 $54,300 $58,300 $62,350 $66,350
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.
$56,300 $64,350 $72,400 $80,400 $86,850 $93,300 $99,700 $106,150