Oak Terrace — Income-Restricted Housing in Ottumwa, IA 52501
561 Ottumwa St, Ottumwa, IA 52501
12 units · 3–4+ BR · People with disabilities
How to apply
- No phone is listed. Try visiting the property or asking the city housing office how to apply.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 2004
- Bedrooms
- 10 3 bedrooms · 2 4+ bedrooms
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Nearby income-restricted buildings
Washington Apartments
539 W 4th St, Ottumwa, IA 52501
0.2 mi away
52 units · 46 income-restricted · 1–3 BR
Hillside Apts ~ Ottumwa
118 S Union St, Ottumwa, IA 52501
1 mi away
44 units · 1 BR · People with disabilities
Camelot/Westgate Towers
827 Albia Rd, Ottumwa, IA 52501
1.5 mi away
196 units · 1–2 BR
- Apply through Ottumwa Housing Authority
- Residents waited about 8 months to move in (HUD, Oct 2026)
- Several buildings — call for addresses
Family Sites
103 Taft Cir, Ottumwa, IA 52501
1.5 mi away
60 units · 2–3 BR
- Apply through Ottumwa Housing Authority
- Residents waited about 11 months to move in (HUD, Oct 2026)
- Several buildings — call for addresses
Emerald Hill Apts
1600 Steller Ave, Ottumwa, IA 52501
1.7 mi away
36 units · 35 income-restricted · 1–3 BR
Southoak Towers
102 W Finley Ave, Ottumwa, IA 52501
1.7 mi away
103 units · 1–2 BR
- Apply through Ottumwa Housing Authority
- Residents waited about 4 months to move in (HUD, Oct 2026)
- Several buildings — call for addresses
Rents and income limits in 52501
- Fair market rent, 2 bedrooms
- $1,080/mo
- Income needed to pay it at 30% of income
- $43,200/yr
- Renters in 52501 paying 30% or more of income on rent
- 47%
Income limits (2026)
Wapello County, IA area · median family income $83,000. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $19,800 | $32,950 | $52,750 |
| 2 | $22,600 | $37,650 | $60,250 |
| 3 | $27,320 | $42,350 | $67,800 |
| 4 | $33,000 | $47,050 | $75,300 |
| 5 | $38,680 | $50,850 | $81,350 |
| 6 | $44,360 | $54,600 | $87,350 |
| 7 | $50,040 | $58,350 | $93,400 |
| 8 | $55,720 | $62,150 | $99,400 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 52501 | Wider area |
|---|---|---|
| Studio | $800 | $799 |
| 1 bedroom | $830 | $823 |
| 2 bedrooms | $1,080 | $1,076 |
| 3 bedrooms | $1,410 | $1,409 |
| 4 bedrooms | $1,420 | $1,414 |
Wider area = Wapello County, IA. Two-bedroom fair market rents in 4 nearby ZIPs range from $970 (52536) to $1,300 (52530).
Census figures for 52501 (2020–2024 average): median rent $926. Median household income $63,426. 34% of homes are rented. 47% of renters pay 30% or more of their income on rent, and 28% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 52501's fair market rent.
Estimate your Section 8 rent share for 52501Frequently Asked Questions
How do I apply to Oak Terrace?
No phone is listed for Oak Terrace. Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.
Is Oak Terrace Section 8 housing?
Oak Terrace is listed as income-restricted housing in Ottumwa, IA 52501 (lihtc). It is not labeled as project-based Section 8 in this file. Call to ask which programs they run.
How many units are at Oak Terrace?
Public records list 12 units at Oak Terrace in Ottumwa, IA 52501. That is a building size, not a count of open apartments.
Are there other affordable apartments near Oak Terrace?
Yes — this page lists other income-restricted buildings in 52501 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into Oak Terrace?
Call the number on this page and ask about the waiting list or how to apply at Oak Terrace in Ottumwa, IA 52501. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Ottumwa, IA 52501?
Most income-restricted buildings in Ottumwa, IA 52501 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $32,950, and $47,050 for a 4-person household. Public housing can go up to 80% ($52,750 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Ottumwa, IA 52501?
For many programs in Ottumwa, IA 52501, the 2026 HUD very low-income (50%) limit is $32,950 a year for 1 person and $47,050 for 4 people. The low-income (80%) limit is $52,750 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Ottumwa, IA 52501?
In public housing and most Section 8 in Ottumwa, IA 52501, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Ottumwa, IA 52501 is $1,080 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does Oak Terrace take Section 8 vouchers?
This file does not say that Oak Terrace has a project-based Section 8 contract. Some landlords in Ottumwa, IA 52501 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Oak Terrace.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction.