About This Property
Mississippi Terrace is a public housing development in Keokuk, Iowa with 5 units available for affordable rent. All units are designed to be accessible for residents with mobility needs. The property serves Lee County residents seeking affordable housing options.
Waitlist Information
Waitlist managed by Keokuk Housing Authority
The Keokuk Housing Authority offers one Public Housing community with 196 units for senior/disabled households, ranging in size from 1 to 4 bedrooms. Family needs are considered for invitations, and declining two invitations will purge the application from the waitlist. Eligibility is based on annual gross income, age or disability status, and US citizenship or eligible immigration.
The waiting list was last open for one month in December 2016. Some preferences may be given for disability or extremely low income (less than 30% of AMI).
Waitlist data provided by section8waitlist.org
Updated June 12, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Lee 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 | $598 |
| 1 Bedroom | $672 |
| 2 Bedroom | $882 |
| 3 Bedroom | $1,185 |
| 4 Bedroom | $1,207 |
Income Limits - Lee 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 |
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Frequently Asked Questions
What is the average rent for affordable housing in Keokuk, IA?+
The Fair Market Rent (FMR) for Lee County, IA is: $598 (Studio), $672 (1BR), $882 (2BR), $1185 (3BR), $1207 (4BR). Actual rent at subsidized properties like Mississippi Terrace is typically 30% of household income or less.
How many units does Mississippi Terrace have?+
Mississippi Terrace has a total of 5 housing units.
What is the HUD inspection score for Mississippi Terrace?+
Mississippi Terrace has a HUD inspection score of 63 out of 100, which is considered adequate. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
What are the income limits for affordable housing in Lee County, IA?+
For a 4-person household in Lee 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.
How do I apply for housing at Mississippi Terrace?+
Mississippi Terrace is a Public Housing property. To apply, you can start by calling 3195244386, or visiting their website, or contacting the property management office. You may need to submit an application and be placed on a waitlist. Eligibility is typically based on income, family size, and other factors.
Is there a waitlist for Mississippi Terrace?+
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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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