Affordable Housing In Iron Mountain
Dickinson County, Michigan

1 Low Income Apartment Communities In Iron Mountain

Hulst Manor

401 E D St
Iron Mountain, Michigan
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Section 8 Vouchers, Apartments, and Waiting Lists in Iron Mountain, Michigan

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Iron Mountain, Michigan

Housing Authority Programs
Michigan State Housing Development Authority Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)

Guide To Affordable Housing in Iron Mountain, Michigan

There are 1 low income housing apartment communities offering 102 affordable apartments for rent in Iron Mountain, Michigan.

Income Based Apartments in Iron Mountain, Michigan

Iron Mountain features 102 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 Iron Mountain, Michigan

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

Housing Choice Vouchers in Iron Mountain, Michigan

On average, Section 8 Housing Choice vouchers pay Iron Mountain landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Iron Mountain.

The maximum amount a voucher would pay on behalf of a low-income tenant in Iron Mountain, Michigan for a two-bedroom apartment is between $693 and $847.

2022 Iron Mountain, Michigan 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
Iron Mountain, Michigan Fair Market Rent $533 $639 $770 $952 $1,044
Iron Mountain, Michigan Payment Standard Range $480 to $586 $575 to $703 $693 to $847 $857 to $1,047 $940 to $1,148

Sourced from federal housing data and research.

Iron Mountain, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 102
Total Housing Units with Rental Assistance 102
Percentage of Housing Units Occupied By Renters 25.99%
Average Renter Household Size 2.13
Average Household Size 2.37
Median Household Income $37,642 ±$6,304
Median Rent $660 ±$77
Percentage Of Renters Overburdened 37.36% ± 11.13pp
Total Population 7,571

Population and Household Demographics

Iron Mountain is a city in Dickinson County, Michigan with a population of 7,571. There are 3,121 households in the city with an average household size of 2.37 persons. 25.99% of households in Iron Mountain are renters.

Income and Rent Overburden in Iron Mountain

The median gross income for households in Iron Mountain is $37,642 a year, or $3,137 a month. The median rent for the city is $660 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Iron Mountain, a household making less than $2,200 a month would be considered overburdened when renting an apartment at or above the median rent. 37.36% of households who rent are overburdened in Iron Mountain.

Area Median Income In Iron Mountain

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Iron Mountain, the AMI is calculated from all households within Dickinson County.

In Iron Mountain, HUD calculates the Area Median Income for a family of four as $64,400

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 Iron Mountain

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 Iron Mountain

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Iron Mountain AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,550 $17,420 $21,960 $26,500 $31,040 $35,580 $40,000 $42,600
50% AMI Income Limits
Renters earning up to 50% of the Iron Mountain AMI may qualify for rental assistance programs that target Very Low Income households.
$22,600 $25,800 $29,050 $32,250 $34,850 $37,450 $40,000 $42,600
80% AMI Income Limits
Renters earning up to 80% of the Iron Mountain AMI may qualify for rental assistance programs that target Low Income households.
$36,150 $41,300 $46,450 $51,600 $55,750 $59,900 $64,000 $68,150