Affordable Housing In Worth County
Iowa

2 Low Income Apartment Communities In Worth County

Villa Woods North and South

906 9th Ave N
Northwood, IA
HCV Welcome

Viking Manor Inc

1503 3rd Ave S
Northwood, IA
Subsidized
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Housing Authorities that serve Worth County

Housing Authority Programs
North Iowa Regional Housing Authority Public Housing

Guide To Affordable Housing in Worth County, Iowa

There are 2 low income housing apartment communities offering 80 affordable apartments for rent in Worth County, Iowa. Worth County features 32 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 48 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Worth County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Worth County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 80
Total Housing Units with Rental Assistance 32
Percentage of Housing Units Occupied By Renters 21.64%
Average Renter Household Size 2.00
Average Household Size 2.35
Median Household Income $48,459 ±$2,871
Median Rent $523 ±$49
Percentage Of Renters Overburdened 37.21% ± 9.37pp
Total Population 7,563

Population and Household Demographics

Worth County is a County in Iowa with a population of 7,563. There are 3,180 households in the county with an average household size of 2.35 persons. 21.64% of households in Worth County are renters.

Income and Rent Overburden in Worth County

The median gross income for households in Worth County is $48,459 a year, or $4,038 a month. The median rent for the county is $523 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Worth County, a household making less than $1,743 a month would be considered overburdened when renting an apartment at or above the median rent. 37.21% of households who rent are overburdened in Worth County.1

Area Median Income In Worth 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 Worth County, HUD calculates the Area Median Income for a family of four as $66,000

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 Worth 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 Worth County HUD Rental Assistance in Worth 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 Worth County

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

From 1991 to 1991, 1 low income apartment communities containing 48 rental apartments have been constructed and made affordable to low income persons in Worth 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 Worth 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 Worth 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 Worth 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 $586 $687 $971 $1,141

Cities In Worth County

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

City Listings Served By
Northwood 2 The HUD funded Public Housing Agency that serves Northwood is the North Iowa Regional Housing Authority.
Fertile 0 The HUD funded Public Housing Agency that serves Fertile is the North Iowa Regional Housing Authority.
Hanlontown 0 The HUD funded Public Housing Agency that serves Hanlontown is the North Iowa Regional Housing Authority.
Kensett 0 The HUD funded Public Housing Agency that serves Kensett is the North Iowa Regional Housing Authority.
Bolan 0 The HUD funded Public Housing Agency that serves Bolan is the North Iowa Regional Housing Authority.
Grafton 0 The HUD funded Public Housing Agency that serves Grafton is the North Iowa Regional Housing Authority.
Joice 0 The HUD funded Public Housing Agency that serves Joice is the North Iowa Regional Housing Authority.
Manly 0 The HUD funded Public Housing Agency that serves Manly is the North Iowa Regional Housing Authority.