Affordable Housing In Iowa County

17 Low Income Apartment Communities In Iowa County

Mission Village of Dodgeville

200 Colin Dr
Dodgeville, WI
Call For Rent
2-3 BR
HCV Welcome

Highland View Apartments

148 Main St
Highland, WI
1 BR
HCV Welcome

Highland Apartments

144 Main St
Highland, WI

Dane County Housing

512 S Montgomery St
Dodgeville, WI

Iowa County Housing

111 W Valley St
Dodgeville, WI

School House Apartments - Mineral Point

530 Maiden St
Mineral Point, WI
HCV Welcome

Spw Blanchardville Park Meadows Apartments

305 Meadow St
Blanchardville, WI

Valley Hill Crssing

203 W Wilson St
Blanchardville, WI

Summit Apartments Inc

102 Arneson Rd
Barneveld, WI

Brookdale Apartments Scat Sites

430 S Saint Augustine St
Pulaski, WI

Other Housing Authorities located in Iowa County

Housing Authority Programs
Dodgeville Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Iowa County, Wisconsin

There are 17 low income housing apartment communities offering 436 affordable apartments for rent in Iowa County, Wisconsin. Iowa County features 341 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 95 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Iowa County.

Sourced from federal housing data and research.

Iowa County, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 436
Total Housing Units with Rental Assistance 341
Percentage of Housing Units Occupied By Renters 23.09%
Average Renter Household Size 2.20
Average Household Size 2.43
Median Household Income $55,188 ±$2,200
Median Rent $687 ±$23
Percentage Of Renters Overburdened 34.2% ± 5.63pp
Total Population 23,769

Population and Household Demographics

Iowa County is a County in Wisconsin with a population of 23,769. There are 9,689 households in the county with an average household size of 2.43 persons. 23.09% of households in Iowa County are renters.

Income and Rent Overburden in Iowa County

The median gross income for households in Iowa County is $55,188 a year, or $4,599 a month. The median rent for the county is $687 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Iowa County, a household making less than $2,290 a month would be considered overburdened when renting an apartment at or above the median rent. 34.2% of households who rent are overburdened in Iowa County.1

Area Median Income In Iowa 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 Iowa County, HUD calculates the Area Median Income for a family of four as $74,600

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 Iowa 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 Iowa County HUD Rental Assistance in Iowa County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,700 $17,950 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,150 $29,850 $33,600 $37,300 $40,300 $43,300 $46,300 $49,250
80% of Median $41,800 $47,800 $53,750 $59,700 $64,500 $69,300 $74,050 $78,850
Low Income Housing Tax Credits in Iowa County

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

From 1990 to 1999, 4 low income apartment communities containing 46 rental apartments have been constructed and made affordable to low income persons in Iowa 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 Iowa County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,150 $29,850 $33,600 $37,300 $40,300 $43,300 $46,300 $49,250
60% of Median $31,380 $35,820 $40,320 $44,760 $48,360 $51,960 $55,560 $59,100

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 Iowa County is $40,320 a year, or $3,360 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,360 by 30% to get a maximum rent of $1,008 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% $654 $700 $840 $970 $1,083 $1,194
60% $785 $840 $1,008 $1,164 $1,299 $1,433
Fair Market Rents in Iowa 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
$637 $655 $863 $1,083 $1,424

Cities In Iowa County

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

City Listings Served By
Dodgeville 3 The HUD funded Public Housing Agency that serves Dodgeville is the Dodgeville Housing Authority.
Avoca 1
Barneveld 1
Mineral Point 2
Arena 1
Blanchardville 2
Linden 1
Hollandale 1
Brigham 0
Clyde 0
Cobb 0
Eden 0
Edmund 0
Highland 2
Mifflin 0
Moscow 0
Pulaski 3
Rewey 0
Ridgeway 0
Waldwick 0
Wyoming 0