Apply to Iosco County Apartment Waiting Lists
- Clawson Manor Apartments Senior/ Disabled Section 8 Project-Based Voucher is open.
- Shelby Trails Section 8 Project-Based Voucher is open.
- The Grand on University Section 8 Project-Based Voucher is open.
- Edison Crossing Section 8 Project-Based Voucher is open.
- Dr. Maya Angelou Village Section 8 Project-Based Voucher is open.
Maple Tree Apartments CO Gardner Mgmt
Huron Beach Apartments
Aldersgate I & II
Gull Pointe Apartments
Old Mill Apartments
Harbor Pointe Apartments
Oscoda Shores Apartments
Mildred Houting Leisure Acres
Whittemore Square
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There are 0 low-income apartments in Iosco County that offer reduced rents to eligible households. Low-income rents in Iosco County, Michigan can range from $469 to $517 depending on the number of bedrooms.
Rental assistance programs support 426 low-income homes in Iosco County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $253 towards rent each month.
Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Iosco County, 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.
| 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) |
Iosco County, Michigan Affordable Housing Data
Income Based Apartments in Iosco County, Michigan
Iosco County features 426 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 Iosco County, Michigan
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Iosco County.
Housing Choice Vouchers in Iosco County, Michigan
On average, Section 8 Housing Choice vouchers pay Iosco County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Iosco County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Iosco County, Michigan for a two-bedroom apartment is between $815 and $996.
2024 Iosco County, 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 | |
|---|---|---|---|---|---|
| Iosco County, Michigan Fair Market Rent | $725 | $730 | $905 | $1,156 | $1,283 |
| Iosco County, Michigan Payment Standard Range | $653 to $798 | $657 to $803 | $815 to $996 | $1,040 to $1,272 | $1,155 to $1,411 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Iosco County, MI Affordable Housing Snapshot
| Total Affordable Apartment Properties | 11 |
|---|---|
| Total Low Income Apartments | 426 |
| Total Housing Units with Rental Assistance | 426 |
| Percentage of Housing Units Occupied By Renters | 19.85% |
| Average Renter Household Size | 2.26 |
| Average Household Size | 2.20 |
| Median Household Income | $37,317 ±$1,289 |
| Median Rent | $581 ±$14 |
| Percentage Of Renters Overburdened | 38.19% ± 5.51pp |
| Total Population | 25,401 |
Population and Household Demographics
Iosco County is a county in Michigan with a population of 25,401. There are 11,343 households in the county with an average household size of 2.20 persons. 19.85% of households in Iosco County are renters.
Income and Rent Overburden in Iosco County
The median gross income for households in Iosco County is $37,317 a year, or $3,110 a month. The median rent for the county is $581 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Iosco County, a household making less than $1,937 a month would be considered overburdened when renting an apartment at or above the median rent. 38.19% of households who rent are overburdened in Iosco County.
Area Median Income In Iosco 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 Iosco County, HUD calculates the Area Median Income for a family of four as $62,100
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 Iosco 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 Iosco 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 Iosco County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$15,900 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,000 |
| 50% AMI Income Limits Renters earning up to 50% of the Iosco County AMI may qualify for rental assistance programs that target Very Low Income households. |
$26,500 | $30,300 | $34,100 | $37,850 | $40,900 | $43,950 | $46,950 | $50,000 |
| 80% AMI Income Limits Renters earning up to 80% of the Iosco County AMI may qualify for rental assistance programs that target Low Income households. |
$42,400 | $48,450 | $54,500 | $60,550 | $65,400 | $70,250 | $75,100 | $79,950 |
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