About This Property
Fairfield Park II Apartments is a 24-unit residential community in Fairfield, Iowa that has served families since 2015. The property includes 20 low-income units with a mix of studio, one-bedroom, and two-bedroom floor plans. The development is non-profit owned and financed through 4% Low-Income Housing Tax Credit funding.
Property Details
Fair Market Rent - Jefferson 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 | $738 |
| 1 Bedroom | $743 |
| 2 Bedroom | $976 |
| 3 Bedroom | $1,180 |
| 4 Bedroom | $1,300 |
Income Limits - Jefferson County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,100
- Very Low (50%)
- $25,150
- Low (80%)
- $40,250
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,750
- Low (80%)
- $46,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,350
- Low (80%)
- $51,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,900
- Low (80%)
- $57,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,800
- Low (80%)
- $62,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,650
- Low (80%)
- $66,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,550
- Low (80%)
- $71,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,400
- Low (80%)
- $75,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,100 | $25,150 | $40,250 |
| 2 Persons | $17,420 | $28,750 | $46,000 |
| 3 Persons | $21,960 | $32,350 | $51,750 |
| 4 Persons | $26,500 | $35,900 | $57,450 |
| 5 Persons | $31,040 | $38,800 | $62,050 |
| 6 Persons | $35,580 | $41,650 | $66,650 |
| 7 Persons | $40,120 | $44,550 | $71,250 |
| 8 Persons | $44,660 | $47,400 | $75,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fairfield, IA?+
The Fair Market Rent (FMR) for Jefferson County, IA is: $738 (Studio), $743 (1BR), $976 (2BR), $1180 (3BR), $1300 (4BR). Actual rent at subsidized properties like Fairfield Park Ii Apartments is typically 30% of household income or less.
What size apartments are available at Fairfield Park Ii Apartments?+
Fairfield Park Ii Apartments offers the following unit types: 1 Studio, 12 One-Bedroom, 11 Two-Bedroom units, for a total of 24 units.
Who is eligible to live at Fairfield Park Ii Apartments?+
Fairfield Park Ii Apartments primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Jefferson County, IA?+
For a 4-person household in Jefferson County, IA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,900, Low Income (80% AMI): $57,450. These limits are set by HUD and updated annually.
What is the price range for apartments in Fairfield, IA?+
Based on Fair Market Rent for Jefferson County, the estimated price range is: 1-bedroom: $743, 2-bedroom: $976. Actual rent at Fairfield Park Ii Apartments may be lower for income-eligible households.
How do I apply for housing at Fairfield Park Ii Apartments?+
Fairfield Park Ii Apartments 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 Fairfield Park Ii Apartments?+
Fairfield Park Ii Apartments is managed by . You can reach them at . Visit their website for more information.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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