Affordable Housing In Iowa County
22 Low Income Apartment Communities In Iowa County
Guide To Affordable Housing in Iowa County, Wisconsin
There are 22 low income housing apartment communities offering 512 affordable apartments for rent in Iowa County, Wisconsin.
Income Based Apartments in Iowa County, Wisconsin
Iowa County features 417 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 Iowa County, Wisconsin
There are 95 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Iowa County.
Housing Choice Vouchers in Iowa County, Wisconsin
On average, Section 8 Housing Choice vouchers pay Iowa County landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Iowa County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Iowa County, Wisconsin for a two-bedroom apartment is between $777 and $949.
2020 Iowa County, Wisconsin 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|
|Fair Market Rent||$637||$655||$863||$1,083||$1,424|
|Payment Standard Range||$573 to $701||$590 to $721||$777 to $949||$975 to $1,191||$1,282 to $1,566|
Sourced from federal housing data and AffordableHousingOnline.com research.
Iowa County, WI Affordable Housing Snapshot
|Total Affordable Apartment Properties||22|
|Total Low Income Apartments||512|
|Total Housing Units with Rental Assistance||417|
|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|
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.
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 $78,500
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 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||$16,500||$18,850||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$27,500||$31,400||$35,350||$39,250||$42,400||$45,550||$48,700||$51,850|
|80% of Median||$44,000||$50,250||$56,550||$62,800||$67,850||$72,850||$77,900||$82,900|
Cities In Iowa County
Select A City to View its Apartment Communities and Waiting Lists.
|Dodgeville||The HUD funded Public Housing Agency that serves Dodgeville is the Dodgeville Housing Authority.|