About This Property
The Tallcorn offers 49 affordable units in Marshalltown, including 42 one-bedroom and 7 two-bedroom apartments designed to serve families. This non-profit owned property has been in service since 2014 and includes 45 low-income units. The community is managed to provide stable housing options for residents in Marshall County.
Waitlist Information
Waitlist managed by City of Marshalltown Rent Assistance Program
The City of Marshalltown Rent Assistance Program accepts Public Housing pre-applications at the program level; declining two invitations will purge an application from the waitlist.
Preference may be given to families at or below 30% of Area Median Income (AMI); participants cannot rent from a relative.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Marshall 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 | $699 |
| 1 Bedroom | $723 |
| 2 Bedroom | $947 |
| 3 Bedroom | $1,260 |
| 4 Bedroom | $1,261 |
Income Limits - Marshall 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 Marshalltown, IA?+
The Fair Market Rent (FMR) for Marshall County, IA is: $699 (Studio), $723 (1BR), $947 (2BR), $1260 (3BR), $1261 (4BR). Actual rent at subsidized properties like The Tallcorn is typically 30% of household income or less.
What size apartments are available at The Tallcorn?+
The Tallcorn offers the following unit types: 42 One-Bedroom, 7 Two-Bedroom units, for a total of 49 units.
Who is eligible to live at The Tallcorn?+
The Tallcorn primarily serves families. 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 The Tallcorn?+
The Tallcorn 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.
Is there a waitlist for The Tallcorn?+
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 manages The Tallcorn?+
The Tallcorn is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Marshalltown, IA?+
Based on Fair Market Rent for Marshall County, the estimated price range is: 1-bedroom: $723, 2-bedroom: $947. Actual rent at The Tallcorn may be lower for income-eligible households.
What are the income limits for affordable housing in Marshall County, IA?+
For a 4-person household in Marshall 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.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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