About This Property
Homes of Oakridge I comprises 150 low-income housing units serving families in Des Moines, Iowa. The property offers a range of unit sizes including studios, one-bedroom, two-bedroom, three-bedroom, and four-bedroom apartments to accommodate various household compositions. Placed in service in 2010, the community receives 9% Low-Income Housing Tax Credit financing.
Waitlist Information
Waitlist managed by Des Moines Municipal Housing Agency
The waitlist is open only for household sizes of two persons or less, with eligibility requiring applicants to be at least 18, a US citizen/eligible non-citizen, and without drug-related charges in the past five years. Need-based preferences apply, and applicants may be removed for declining two invitations or not responding to agency communications.
Applicants must be at least 18, a US citizen/eligible non-citizen, and without drug-related charges in the past two years. Mainstream Voucher Preference is for non-elderly (under 62) disabled, previously homeless, and current clients in HUD-funded permanent supportive housing or rapid rehousing programs.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Polk 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 - Polk 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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Des Moines, IA?+
The Fair Market Rent (FMR) for Polk County, IA is: $833 (Studio), $899 (1BR), $1080 (2BR), $1477 (3BR), $1481 (4BR). Actual rent at subsidized properties like Homes of Oakridge I is typically 30% of household income or less.
What size apartments are available at Homes of Oakridge I?+
Homes of Oakridge I offers the following unit types: 9 Studio, 21 One-Bedroom, 48 Two-Bedroom, 68 Three-Bedroom, 4 Four-Bedroom units, for a total of 150 units.
What is the price range for apartments in Des Moines, IA?+
Based on Fair Market Rent for Polk County, the estimated price range is: 1-bedroom: $899, 2-bedroom: $1080, 3-bedroom: $1477. Actual rent at Homes of Oakridge I may be lower for income-eligible households.
Who is eligible to live at Homes of Oakridge I?+
Homes of Oakridge I 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 Polk County, IA?+
For a 4-person household in Polk County, IA, the income limits are: Extremely Low Income (30% AMI): $27,400, Very Low Income (50% AMI): $45,650, Low Income (80% AMI): $73,050. These limits are set by HUD and updated annually.
How do I apply for housing at Homes of Oakridge I?+
Homes of Oakridge I 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 Homes of Oakridge I?+
Homes of Oakridge I is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Homes of Oakridge I?+
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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