Affordable Housing In Ironwood
Gogebic County, Michigan

3 Low Income Apartment Communities In Ironwood

Wildwood Apartments

E5132 Wildwood Ln
Ironwood, Michigan

Pioneer Park Apartments

515 E Vaughn St
Ironwood, Michigan
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Section 8 Vouchers, Apartments, and Waiting Lists in Ironwood, 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 Ironwood, Michigan

Housing Authority Programs
Ironwood Housing Commission Public Housing
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 Ironwood, Michigan

There are 3 low income housing apartment communities offering 220 affordable apartments for rent in Ironwood, Michigan.

Income Based Apartments in Ironwood, Michigan

Ironwood features 148 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 Ironwood, Michigan

There are 72 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ironwood.

Housing Choice Vouchers in Ironwood, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Ironwood, Michigan for a two-bedroom apartment is between $681 and $833.

2022 Ironwood, 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
Ironwood, Michigan Fair Market Rent $524 $606 $757 $1,075 $1,280
Ironwood, Michigan Payment Standard Range $472 to $576 $545 to $667 $681 to $833 $968 to $1,183 $1,152 to $1,408

Sourced from federal housing data and AffordableHousingOnline.com research.

Ironwood, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 220
Total Housing Units with Rental Assistance 148
Percentage of Housing Units Occupied By Renters 31.29%
Average Renter Household Size 2.12
Average Household Size 2.02
Median Household Income $26,611 ±$3,078
Median Rent $535 ±$40
Percentage Of Renters Overburdened 42.49% ± 11.96pp
Total Population 5,153

Population and Household Demographics

Ironwood is a city in Gogebic County, Michigan with a population of 5,153. There are 2,490 households in the city with an average household size of 2.02 persons. 31.29% of households in Ironwood are renters.

Income and Rent Overburden in Ironwood

The median gross income for households in Ironwood is $26,611 a year, or $2,218 a month. The median rent for the city is $535 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ironwood, a household making less than $1,783 a month would be considered overburdened when renting an apartment at or above the median rent. 42.49% of households who rent are overburdened in Ironwood.

Area Median Income In Ironwood

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 Ironwood, the AMI is calculated from all households within Gogebic County.

In Ironwood, HUD calculates the Area Median Income for a family of four as $57,400

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 Ironwood

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 Ironwood

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 Ironwood 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 Ironwood 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 Ironwood 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