Affordable Housing In Wright County
Iowa

6 Low Income Apartment Communities In Wright County

Eagle Grove Group Home

605 E Broadway St
Eagle Grove, IA
62+
Accessible
Elderly Supportive Housing
Subsidized

Clarion Iha Apartments

601 2nd St SE
Clarion, IA
HCV Welcome

Clarion Housing Inc

208 8th Ave SW
Clarion, IA

Eagle Grove Iha

300 S Kirkwood Ave
Eagle Grove, IA
Subsidized

Iowa

1000 1st St SE
Clarion, IA
HCV Welcome

Goldfield Community Apartments Inc 013

215 W Wright St
Goldfield, IA
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There are 6 low income housing apartment complexes which contain 336 affordable apartments for rent in Wright County. Many of these rental apartments are income based housing with 38 apartments that set rent based on your income. In Wright County, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 298 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Guide To Affordable Housing in Wright County, Iowa

Wright County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 336
Total Rent Assisted Apartments 38
Percentage of Housing Units Occupied By Renters 24.66%
Average Renter Household Size 2.10
Total Population 12,936
Housing Units 5,495
Average Household Size 2.31
Median Household Income $43,698 ±$3,902
Median Rent $568 ±$36
Percentage Of Renters Overburdened 45.98% ± 8.63pp

Population and Household Demographics

Wright County is a County in Iowa with a population of 12,936. There are 5,495 households in the county with an average household size of 2.31 persons. 24.66% of households in Wright County are renters.

Income and Rent Overburden in Wright County

The median gross income for households in Wright County is $43,698 a year, or $3,642 a month. The median rent for the county is $568 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wright County, a household making less than $1,893 a month would be considered overburdened when renting an apartment at or above the median rent. 45.98% of households who rent are overburdened in Wright County.1

Area Median Income In Wright 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 Wright County, HUD calculates the Area Median Income for a family of four as $62,900

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 Wright 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 Wright County HUD Rental Assistance in Wright 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 Wright County

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

From 1993 to 1994, 2 low income apartment communities containing 48 rental apartments have been constructed and made affordable to low income persons in Wright 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 Wright 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 Wright 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 Wright 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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$427 $502 $664 $843 $910

Cities In Wright County

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

City Listings Served By
Belmond 0
Clarion 3
Goldfield 1
Eagle Grove 2
Galt 0
Rowan 0
Woolstock 0