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There are 138 low-income apartments in Buena Vista County that offer reduced rents to eligible households. Low-income rents in Buena Vista County, Iowa can range from $503 to $821 depending on the number of bedrooms.
Rental assistance programs support 165 low-income homes in Buena Vista County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $330 towards rent each month.
Affordable rent data for some communities last confirmed on July 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Buena Vista County, Iowa Affordable Housing Data
Income Based Apartments in Buena Vista County, Iowa
Buena Vista County features 165 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 Buena Vista County, Iowa
There are 138 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Buena Vista County.
Housing Choice Vouchers in Buena Vista County, Iowa
On average, Section 8 Housing Choice vouchers pay Buena Vista County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Buena Vista County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Buena Vista County, Iowa for a two-bedroom apartment is between $819 and $1,001.
2024 Buena Vista County, Iowa 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 | |
|---|---|---|---|---|---|
| Buena Vista County, Iowa Fair Market Rent | $688 | $693 | $910 | $1,171 | $1,212 |
| Buena Vista County, Iowa Payment Standard Range | $619 to $757 | $624 to $762 | $819 to $1,001 | $1,054 to $1,288 | $1,091 to $1,333 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Buena Vista County, IA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 12 |
|---|---|
| Total Low Income Apartments | 306 |
| Total Housing Units with Rental Assistance | 165 |
| Percentage of Housing Units Occupied By Renters | 31.07% |
| Average Renter Household Size | 2.43 |
| Average Household Size | 2.55 |
| Median Household Income | $48,195 ±$2,162 |
| Median Rent | $593 ±$24 |
| Percentage Of Renters Overburdened | 27.78% ± 5.87pp |
| Total Population | 20,507 |
Population and Household Demographics
Buena Vista County is a county in Iowa with a population of 20,507. There are 7,635 households in the county with an average household size of 2.55 persons. 31.07% of households in Buena Vista County are renters.
Income and Rent Overburden in Buena Vista County
The median gross income for households in Buena Vista County is $48,195 a year, or $4,016 a month. The median rent for the county is $593 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Buena Vista County, a household making less than $1,977 a month would be considered overburdened when renting an apartment at or above the median rent. 27.78% of households who rent are overburdened in Buena Vista County.
Area Median Income In Buena Vista 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 Buena Vista County, HUD calculates the Area Median Income for a family of four as $90,000
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 Buena Vista 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 Buena Vista County
| 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 Buena Vista County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$17,550 | $20,050 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Buena Vista County AMI may qualify for rental assistance programs that target Very Low Income households. |
$29,250 | $33,400 | $37,600 | $41,750 | $45,100 | $48,450 | $51,800 | $55,150 |
| 80% AMI Income Limits Renters earning up to 80% of the Buena Vista County AMI may qualify for rental assistance programs that target Low Income households. |
$46,800 | $53,450 | $60,150 | $66,800 | $72,150 | $77,500 | $82,850 | $88,200 |
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