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Affordable Housing In Iron Mountain
Dickinson County, Michigan


Waiting List Openings In Iron Mountain

Waiting ListStatus
Michigan State Housing Development Authority Housing Choice Voucher Open Soon
Michigan State Housing Development Authority Housing Choice Voucher Open Now

1 Low Income Apartment Communities In Iron Mountain

Hulst Manor

401 E D St
Iron Mountain, Michigan
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Housing Authorities that serve Iron Mountain

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 $701 and $857.

2021 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 $534 $631 $779 $983 $1,056
Iron Mountain, Michigan Payment Standard Range $481 to $587 $568 to $694 $701 to $857 $885 to $1,081 $950 to $1,162

Sourced from federal housing data and AffordableHousingOnline.com 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 $59,800

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.
$13,450 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $42,200
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.
$22,400 $25,600 $28,800 $31,950 $34,550 $37,100 $39,650 $42,200
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.
$35,800 $40,900 $46,000 $51,100 $55,200 $59,300 $63,400 $67,500