Affordable Housing In Wapello County
13 Low Income Apartment Communities In Wapello County
Housing Authorities that serve Wapello County
|Area XV Multi-County Housing Agency||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Wapello County, Iowa
There are 13 low income housing apartment communities offering 724 affordable apartments for rent in Wapello County, Iowa.
Income Based Apartments in Wapello County, Iowa
Wapello County features 487 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 Wapello County, Iowa
There are 185 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wapello County.
Housing Choice Vouchers in Wapello County, Iowa
On average, Section 8 Housing Choice vouchers pay Wapello County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Wapello County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wapello County, Iowa for a two-bedroom apartment is between $659 and $805.
2020 Wapello 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||$497||$556||$732||$939||$1,055|
|Payment Standard Range||$447 to $547||$500 to $612||$659 to $805||$845 to $1,033||$950 to $1,161|
Sourced from federal housing data and AffordableHousingOnline.com research.
Wapello County, IA Affordable Housing Snapshot
|Total Affordable Apartment Properties||13|
|Total Low Income Apartments||724|
|Total Housing Units with Rental Assistance||487|
|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|
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.
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 $58,700
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 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 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||$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|
Cities In Wapello County
Select A City to View its Apartment Communities and Waiting Lists.
|Agency||The HUD funded Public Housing Agency that serves Agency is the Area XV Multi-County Housing Agency.|
|Blakesburg||The HUD funded Public Housing Agency that serves Blakesburg is the Area XV Multi-County Housing Agency.|
|Chillicothe||The HUD funded Public Housing Agency that serves Chillicothe is the Area XV Multi-County Housing Agency.|
|Eldon||The HUD funded Public Housing Agency that serves Eldon is the Area XV Multi-County Housing Agency.|
|Kirkville||The HUD funded Public Housing Agency that serves Kirkville is the Area XV Multi-County Housing Agency.|
|Ottumwa||The HUD funded Public Housing Agencies that serve Ottumwa are the Ottumwa Housing Authority and Area XV Multi-County Housing Agency.|