Affordable Housing In Taylor County
Iowa

2 Low Income Apartment Communities In Taylor County

Housing Authorities that serve Taylor County

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

Guide To Affordable Housing in Taylor County, Iowa

There are 2 low income housing apartment communities offering 32 affordable apartments for rent in Taylor County, Iowa.

Income Based Apartments in Taylor County, Iowa

Taylor County features 32 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 Taylor County, Iowa

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

Housing Choice Vouchers in Taylor County, Iowa

On average, Section 8 Housing Choice vouchers pay Taylor County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Taylor County.

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

2020 Taylor 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
Fair Market Rent	$448	$522	$687	$856	$931
Payment Standard Range	$403 to $493	$470 to $574	$618 to $756	$770 to $942	$838 to $1,024

Sourced from federal housing data and AffordableHousingOnline.com research.

Taylor County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties	2
Total Low Income Apartments	32
Total Housing Units with Rental Assistance	32
Percentage of Housing Units Occupied By Renters	28.28%
Average Renter Household Size	2.22
Average Household Size	2.23
Median Household Income	$44,246 ±$2,840
Median Rent	$592 ±$29
Percentage Of Renters Overburdened	33.25% ± 8.43pp
Total Population	6,213

Population and Household Demographics

Taylor County is a county in Iowa with a population of 6,213. There are 2,744 households in the county with an average household size of 2.23 persons. 28.28% of households in Taylor County are renters.

Income and Rent Overburden in Taylor County

The median gross income for households in Taylor County is $44,246 a year, or $3,687 a month. The median rent for the county is $592 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Taylor County, a household making less than $1,973 a month would be considered overburdened when renting an apartment at or above the median rent. 33.25% of households who rent are overburdened in Taylor County.

Area Median Income In Taylor 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 Taylor County, HUD calculates the Area Median Income for a family of four as $62,400

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 Taylor 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 Taylor County

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