About This Property
Lakewood Court Apts comprises 8 low-income residential units in Spirit Lake, Iowa, featuring a mix of four 2-bedroom and four 3-bedroom apartments. The property, which has been in service since 1999, is designed to serve families and disabled individuals and is financed through 9% Low-Income Housing Tax Credits. A non-profit organization owns and manages the community.
Waitlist Information
Waitlist managed by Low Rent Housing Agency of Spirit Lake
The Public Housing waitlist provides affordable housing for low- and moderate-income families, elderly, and persons with disabilities, with income restrictions.
The HCV waitlist serves low- and moderate-income families, elderly, and persons with disabilities, with eligibility based on income, family size, and citizenship status; participants generally pay 30% of their adjusted income for rent.
Waitlist data provided by section8waitlist.org
Updated May 19, 2026
Property Details
Fair Market Rent - Dickinson 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 | $789 |
| 1 Bedroom | $794 |
| 2 Bedroom | $1,043 |
| 3 Bedroom | $1,261 |
| 4 Bedroom | $1,389 |
Income Limits - Dickinson County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,700
- Very Low (50%)
- $27,800
- Low (80%)
- $44,450
- Extremely Low (30%)
- $19,050
- Very Low (50%)
- $31,750
- Low (80%)
- $50,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,700
- Low (80%)
- $57,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,650
- Low (80%)
- $63,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,850
- Low (80%)
- $68,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,000
- Low (80%)
- $73,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,200
- Low (80%)
- $78,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,350
- Low (80%)
- $83,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,700 | $27,800 | $44,450 |
| 2 Persons | $19,050 | $31,750 | $50,800 |
| 3 Persons | $21,960 | $35,700 | $57,150 |
| 4 Persons | $26,500 | $39,650 | $63,450 |
| 5 Persons | $31,040 | $42,850 | $68,550 |
| 6 Persons | $35,580 | $46,000 | $73,650 |
| 7 Persons | $40,120 | $49,200 | $78,700 |
| 8 Persons | $44,660 | $52,350 | $83,800 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Spirit Lake, IA?+
The Fair Market Rent (FMR) for Dickinson County, IA is: $789 (Studio), $794 (1BR), $1043 (2BR), $1261 (3BR), $1389 (4BR). Actual rent at subsidized properties like Lakewood Court Apts is typically 30% of household income or less.
What size apartments are available at Lakewood Court Apts?+
Lakewood Court Apts offers the following unit types: 4 Two-Bedroom, 4 Three-Bedroom units, for a total of 8 units.
Is there a waitlist for Lakewood Court Apts?+
Public Housing waitlist is currently Closed. 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.
Who is eligible to live at Lakewood Court Apts?+
Lakewood Court 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.
How do I apply for housing at Lakewood Court Apts?+
Lakewood Court 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.
Who manages Lakewood Court Apts?+
Lakewood Court Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Dickinson County, IA?+
For a 4-person household in Dickinson County, IA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,650, Low Income (80% AMI): $63,450. These limits are set by HUD and updated annually.
What is the price range for apartments in Spirit Lake, IA?+
Based on Fair Market Rent for Dickinson County, the estimated price range is: 2-bedroom: $1043, 3-bedroom: $1261. Actual rent at Lakewood Court Apts may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Lakewood Court Apts
Lakeside Apts
Milford, IA
30 UnitsRiver West Apts
Milford, IA
30 Units
Low Rent Housing Agency of Spirit Lake
Spirit Lake, IA
153 UnitsRiver West Apartments
Milford, IA
30 UnitsThe Antlers
Spirit Lake, IA
14 UnitsSummerfield Park
Spirit Lake, IA
20 Units