Affordable Housing In Wapello County
Iowa

11 Low Income Apartment Communities In Wapello County

Oak Terrace

561 Ottumwa Street
Ottumwa, IA
Call For Rent
3-4 BR
HCV Welcome

Washington Apartments

539 W 4th St
Ottumwa, IA
HCV Welcome
Market Rate

Hillside Apartments ~ Ottumwa

118 S Union St
Ottumwa, IA
Subsidized

Steller Woods Village

720 N Fellows Ave
Ottumwa, IA
Subsidized

Southoak Towers

102 W Finley Ave
Ottumwa, IA

Camelot Westgate Towers

827 Albia Rd
Ottumwa, IA

Family Sites

1102 Elm Ct
Ottumwa, IA

Eldon Development Corporation

403 W Elm St
Eldon, IA

Prairie Townhomes - E Locust, Cass, Etc

910 Locust St
Ottumwa, IA
HCV Welcome

Emerald Hill Apartments

1600 Steller Ave
Ottumwa, IA
HCV Welcome

Housing Authorities that serve Wapello County

Housing Authority Programs
Area XV Multi-County Housing Agency Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Wapello County

Housing Authority Programs
Ottumwa Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Wapello County, Iowa

There are 11 low income housing apartment communities offering 686 affordable apartments for rent in Wapello County, Iowa. Wapello County features 449 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 185 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Wapello County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Wapello County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 686
Total Housing Units with Rental Assistance 449
Percentage of Housing Units Occupied By Renters 26.84%
Average Renter Household Size 2.20
Average Household Size 2.38
Median Household Income $42,095 ±$1,372
Median Rent $612 ±$22
Percentage Of Renters Overburdened 45.09% ± 4.8pp
Total Population 35,315

Population and Household Demographics

Wapello County is a County in Iowa with a population of 35,315. There are 14,493 households in the county with an average household size of 2.38 persons. 26.84% of households in Wapello County are renters.

Income and Rent Overburden in Wapello County

The median gross income for households in Wapello County is $42,095 a year, or $3,508 a month. The median rent for the county is $612 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wapello County, a household making less than $2,040 a month would be considered overburdened when renting an apartment at or above the median rent. 45.09% of households who rent are overburdened in Wapello County.1

Area Median Income In Wapello 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 Wapello County, HUD calculates the Area Median Income for a family of four as $59,000

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 Wapello 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 Wapello County HUD Rental Assistance in Wapello County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,600 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
80% of Median $38,850 $44,400 $49,950 $55,500 $59,950 $64,400 $68,850 $73,300
Low Income Housing Tax Credits in Wapello County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2004 to 2006, 3 low income apartment communities containing 66 rental apartments have been constructed and made affordable to low income persons in Wapello County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Wapello County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
60% of Median $29,160 $33,360 $37,500 $41,640 $45,000 $48,360 $51,660 $55,020

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Wapello County is $37,500 a year, or $3,125 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,125 by 30% to get a maximum rent of $938 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $608 $651 $781 $903 $1,008 $1,111
60% $729 $782 $938 $1,083 $1,209 $1,334
Fair Market Rents in Wapello County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$497 $556 $732 $939 $1,055

Cities In Wapello County

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

City Listings Served By
Agency 0 The HUD funded Public Housing Agency that serves Agency is the Area XV Multi-County Housing Agency.
Eldon 1 The HUD funded Public Housing Agency that serves Eldon is the Area XV Multi-County Housing Agency.
Ottumwa 10 The HUD funded Public Housing Agency that serves Ottumwa is the Ottumwa Housing Authority.
Blakesburg 0 The HUD funded Public Housing Agency that serves Blakesburg is the Area XV Multi-County Housing Agency.
Chillicothe 0
Kirkville 0