About This Property
Monterey Point offers 24 one-bedroom units designated for low-income elderly residents in Carroll, Iowa. The property has been in service since 2002 and is funded through 9% Low-Income Housing Tax Credits. All 24 units serve the elderly population in Carroll County.
Waitlist Information
Waitlist managed by Region Xii Regional Housing Authority
Applications are processed in the order received. A complete application receives a date and time stamp and is added to the Waiting List. All applications must be returned in person.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Carroll County, IA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $586 |
| 1 Bedroom | $656 |
| 2 Bedroom | $862 |
| 3 Bedroom | $1,119 |
| 4 Bedroom | $1,148 |
Income Limits - Carroll County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,250
- Very Low (50%)
- $28,700
- Low (80%)
- $45,950
- Extremely Low (30%)
- $19,700
- Very Low (50%)
- $32,800
- Low (80%)
- $52,500
- Extremely Low (30%)
- $22,150
- Very Low (50%)
- $36,900
- Low (80%)
- $59,050
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $41,000
- Low (80%)
- $65,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $44,300
- Low (80%)
- $70,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,600
- Low (80%)
- $76,100
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $50,850
- Low (80%)
- $81,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $54,150
- Low (80%)
- $86,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,250 | $28,700 | $45,950 |
| 2 Persons | $19,700 | $32,800 | $52,500 |
| 3 Persons | $22,150 | $36,900 | $59,050 |
| 4 Persons | $26,500 | $41,000 | $65,600 |
| 5 Persons | $31,040 | $44,300 | $70,850 |
| 6 Persons | $35,580 | $47,600 | $76,100 |
| 7 Persons | $40,120 | $50,850 | $81,350 |
| 8 Persons | $44,660 | $54,150 | $86,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Carroll, IA?+
The Fair Market Rent (FMR) for Carroll County, IA is: $586 (Studio), $656 (1BR), $862 (2BR), $1119 (3BR), $1148 (4BR). Actual rent at subsidized properties like Monterey Point is typically 30% of household income or less.
What size apartments are available at Monterey Point?+
Monterey Point offers the following unit types: 24 One-Bedroom units, for a total of 24 units.
Who is eligible to live at Monterey Point?+
Monterey Point primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Monterey Point?+
Monterey Point is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Carroll County, IA?+
For a 4-person household in Carroll County, IA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $41,000, Low Income (80% AMI): $65,600. These limits are set by HUD and updated annually.
Is there a waitlist for Monterey Point?+
Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Carroll, IA?+
Based on Fair Market Rent for Carroll County, the estimated price range is: 1-bedroom: $656. Actual rent at Monterey Point may be lower for income-eligible households.
How do I apply for housing at Monterey Point?+
Monterey Point is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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