About This Property
River City Apts offers 46 units in Mason City, Iowa, with 41 designated as low-income housing. The property includes 26 one-bedroom and 20 two-bedroom units designed to serve families and disabled residents. Placed in service in 2003, this non-profit owned community receives HOME program funding and continues operations today.
Waitlist Information
Waitlist managed by North Iowa Regional Housing Authority
Applicants can be placed on multiple waiting lists for different developments, with exceptions for age limitations, bedroom availability, and family composition. The length of time to reach the top of a waiting list depends on the development chosen, family size, and housing availability.
The wait for Section 8 assistance is estimated to be over 2 years for applicants with the Residency Preference, and several years for applicants with no preferences. The Housing Choice Voucher program has the longest waiting list of the programs offered by NIRHA.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Cerro Gordo 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 | $649 |
| 1 Bedroom | $677 |
| 2 Bedroom | $889 |
| 3 Bedroom | $1,145 |
| 4 Bedroom | $1,323 |
Income Limits - Cerro Gordo County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,500
- Very Low (50%)
- $25,800
- Low (80%)
- $41,300
- Extremely Low (30%)
- $17,700
- Very Low (50%)
- $29,500
- Low (80%)
- $47,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,200
- Low (80%)
- $53,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,850
- Low (80%)
- $58,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,800
- Low (80%)
- $63,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,750
- Low (80%)
- $68,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,700
- Low (80%)
- $73,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,650
- Low (80%)
- $77,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,500 | $25,800 | $41,300 |
| 2 Persons | $17,700 | $29,500 | $47,200 |
| 3 Persons | $21,960 | $33,200 | $53,100 |
| 4 Persons | $26,500 | $36,850 | $58,950 |
| 5 Persons | $31,040 | $39,800 | $63,700 |
| 6 Persons | $35,580 | $42,750 | $68,400 |
| 7 Persons | $40,120 | $45,700 | $73,100 |
| 8 Persons | $44,660 | $48,650 | $77,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mason City, IA?+
The Fair Market Rent (FMR) for Cerro Gordo County, IA is: $649 (Studio), $677 (1BR), $889 (2BR), $1145 (3BR), $1323 (4BR). Actual rent at subsidized properties like River City Apts is typically 30% of household income or less.
What size apartments are available at River City Apts?+
River City Apts offers the following unit types: 26 One-Bedroom, 20 Two-Bedroom units, for a total of 46 units.
Who manages River City Apts?+
River City Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Cerro Gordo County, IA?+
For a 4-person household in Cerro Gordo County, IA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,850, Low Income (80% AMI): $58,950. These limits are set by HUD and updated annually.
Who is eligible to live at River City Apts?+
River City Apts primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for River City Apts?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. 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 Mason City, IA?+
Based on Fair Market Rent for Cerro Gordo County, the estimated price range is: 1-bedroom: $677, 2-bedroom: $889. Actual rent at River City Apts may be lower for income-eligible households.
How do I apply for housing at River City Apts?+
River City Apts 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
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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