Fair Market Rent - Madison 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 | $833 |
| 1 Bedroom | $899 |
| 2 Bedroom | $1,080 |
| 3 Bedroom | $1,477 |
| 4 Bedroom | $1,481 |
Income Limits - Madison County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,200
- Very Low (50%)
- $32,000
- Low (80%)
- $51,150
- Extremely Low (30%)
- $21,950
- Very Low (50%)
- $36,550
- Low (80%)
- $58,450
- Extremely Low (30%)
- $24,700
- Very Low (50%)
- $41,100
- Low (80%)
- $65,750
- Extremely Low (30%)
- $27,400
- Very Low (50%)
- $45,650
- Low (80%)
- $73,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $49,350
- Low (80%)
- $78,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $53,000
- Low (80%)
- $84,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $56,650
- Low (80%)
- $90,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $60,300
- Low (80%)
- $96,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,200 | $32,000 | $51,150 |
| 2 Persons | $21,950 | $36,550 | $58,450 |
| 3 Persons | $24,700 | $41,100 | $65,750 |
| 4 Persons | $27,400 | $45,650 | $73,050 |
| 5 Persons | $31,040 | $49,350 | $78,900 |
| 6 Persons | $35,580 | $53,000 | $84,750 |
| 7 Persons | $40,120 | $56,650 | $90,600 |
| 8 Persons | $44,660 | $60,300 | $96,450 |
All Cities in Madison County
Frequently Asked Questions About Housing in Madison County, IA
How many affordable housing options are in Madison County, Iowa?+
Madison County, Iowa has 6 affordable housing listings across 1 cities, with a total of 46 housing units. This includes 1 public housing, 4 LIHTC, and 1 housing authority listings.
What cities in Madison County have affordable housing?+
Madison County has affordable housing in 1 cities. The top cities include Winterset. Browse the city listings on this page to see all available options by location.
What are the Fair Market Rents in Madison County, Iowa?+
The HUD Fair Market Rent (FMR) for Madison County, Iowa is: Studio: $833, 1BR: $899, 2BR: $1080, 3BR: $1477, 4BR: $1481. FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit. Subsidized housing typically charges 30% of the tenant's income.
What are the income limits for affordable housing in Madison County, Iowa?+
For a 4-person household in Madison County, Iowa: Extremely Low Income (30% AMI): $27,400, Very Low Income (50% AMI): $45,650, Low Income (80% AMI): $73,050. These HUD-set limits determine eligibility for various housing programs and are updated annually.
How do I apply for affordable housing in Madison County, Iowa?+
To apply for affordable housing in Madison County, Iowa: 1) Browse the listings on this page to find properties in your preferred city, 2) Contact the property or housing authority directly, 3) Complete their application, and 4) Provide proof of income and household size. Waitlist times vary — apply to multiple properties to maximize your chances.
What types of housing programs are available in Madison County, Iowa?+
Madison County, Iowa offers three main types of affordable housing: Public Housing (1 listings) — government-owned properties with income-based rent; LIHTC (4 listings) — privately owned apartments built with tax credits, offering below-market rents; and Housing Authorities (1 listings) — agencies administering Section 8 vouchers and public housing programs.
How large is the population of Madison County?+
Madison County has an estimated population of 8,520 across 1 cities. With 6 affordable housing properties serving the area, the county provides a range of housing assistance options for eligible residents.