Affordable & Low-Income Housing in Alexander, IA 50420
No income-restricted buildings are listed in 50420 — here are the closest ones.
No income-restricted buildings are listed in Alexander, IA 50420. 1 income-restricted building is listed nearby (within about 10 miles). These lists don't show openings — call to ask about vacancies and waiting lists.
Closest to 50420
Oak Tree Apartments
403 7th St SW, Hampton, IA 50441
13.1 mi away
12 units · 1–2 BR · People with disabilities
Lantern Park Apts (Hampton)
200 12th Ave NW, Hampton, IA 50441
13.1 mi away
24 units · People with disabilities
- Affordability period may have ended — call to confirm
Unselected
105 1st Ave SW, Hampton, IA 50441
13.4 mi away
121 units · 1–3 BR
- Apply through North Iowa Regional Housing Authority
- Residents waited about 3 months to move in (HUD, Oct 2026)
- Several buildings — call for addresses
Lantern Prk Clarion
302 5th Ave SE, Clarion, IA 50525
14.9 mi away
24 units · 1–2 BR · People with disabilities
- 17 vacant units reported (Oct 2026) — call to confirm
Wright County Hsg
415 1st St SW, Clarion, IA 50525
15 mi away
4 units · 3–4+ BR
- For farmworker households
Garner Village Apts
355 E 12th St, Garner, IA 50438
21.1 mi away
24 units · 2–3 BR
- 4 vacant units reported (Oct 2026) — call to confirm
Garner Village Apts
355 W 12th St, Garner, IA 50438
21.2 mi away
24 units
- Affordability period may have ended — call to confirm
Marion Manor 028
1224 N Freemont, Iowa Falls, IA 50126
21.6 mi away
16 units · 1–2 BR
- 3 vacant units reported (Oct 2026) — call to confirm
Timberview
103 1/2 Pierce St, Iowa Falls, IA 50126
22 mi away
23 units · 1–2 BR
- 1 vacant unit reported (Oct 2026) — call to confirm
Pheasant Run Apts
1430 Georgetown Rd, Iowa Falls, IA 50126
22.2 mi away
32 units · 2–3 BR · People with disabilities
New Horizons Apts
717 S. Pearl St, Shellrock, IA 50470
45 mi away
36 units · 1–2 BR
- 2 vacant units reported (Oct 2026) — call to confirm
No nearby buildings match this filter.
Rents and income limits in 50420
- Fair market rent, 2 bedrooms
- $930/mo
- Income needed to pay it at 30% of income
- $37,200/yr
Income limits (2026)
Franklin County, IA area · median family income $87,400. 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 | 50420 | Wider area |
|---|---|---|
| Studio | $690 | $688 |
| 1 bedroom | $710 | $709 |
| 2 bedrooms | $930 | $927 |
| 3 bedrooms | $1,140 | $1,143 |
| 4 bedrooms | $1,530 | $1,549 |
Wider area = Franklin County, IA. Two-bedroom fair market rents in 6 nearby ZIPs range from $930 (50431) to $1,120 (50452).
Census figures for 50420 (2020–2024 average): Median household income $76,250. 15% of homes are rented.
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 50420's fair market rent.
Estimate your Section 8 rent share for 50420Frequently Asked Questions
Is there Section 8 housing in Alexander, IA 50420?
Yes — this directory lists income-restricted buildings in Alexander, IA 50420, including project-based Section 8 apartments (the subsidy stays with the unit), public housing, tax-credit, and USDA rural rentals. Housing Choice Vouchers are different: you apply with the local housing authority and can use them at a private landlord. Estimate your voucher rent share with the Section 8 calculator.
Do affordable housing buildings in Alexander, IA 50420 have openings?
These lists for Alexander, IA 50420 don't show openings. Call the property (or the housing authority, for public housing) to ask about vacancies and waiting lists.
How do I apply for affordable housing in Alexander, IA 50420?
Use the phone number on each building card in Alexander, IA 50420. Public housing is run by the local housing authority — apply with them, not at the building. USDA rural rentals can also be found through USDA's property search.
What counts as affordable housing in Alexander, IA 50420?
In Alexander, IA 50420, this directory lists income-restricted rentals from HUD tax-credit (LIHTC) records, public housing, HUD-assisted buildings (including project-based Section 8, 202, and 811), and USDA Rural Development.
How many affordable housing buildings are in ZIP 50420?
No income-restricted buildings are listed in ZIP 50420 right now. 1 nearby buildings are shown on this page. Call to confirm openings.
Is there affordable housing near 50420?
Yes — this page also lists 1 income-restricted building in ZIP codes near Alexander, IA 50420 (within about 10 miles). Pick a nearby ZIP to see every building there.
People Also Ask
How do I qualify for affordable housing in Alexander, IA 50420?
Most income-restricted buildings in Alexander, IA 50420 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 Alexander, IA 50420?
For many programs in Alexander, IA 50420, 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 long is the waiting list for Section 8 in Alexander, IA 50420?
There is no single waiting list for Alexander, IA 50420. Public housing, project-based Section 8, and tax-credit buildings each keep their own list. Housing Choice Voucher lists at the housing authority open only sometimes and can stay closed for years. This directory does not show which lists are open — call the number on each card. Some public housing cards show HUD's reported wait in months.
What is the difference between Section 8 and public housing in Alexander, IA 50420?
Public housing is owned by a housing authority — you apply with that agency, not at the building. Project-based Section 8 is a HUD contract on a private building; the subsidy stays with the apartment. A Housing Choice Voucher is different: you apply with the housing authority and can use it at a landlord who takes it. Estimate voucher rent share with the Section 8 calculator.
How much rent do you pay for low-income housing in Alexander, IA 50420?
In public housing and most Section 8 in Alexander, IA 50420, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Alexander, IA 50420 is $930 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.
Can I use a Section 8 voucher at affordable apartments in Alexander, IA 50420?
A Housing Choice Voucher is not automatically accepted at every building in Alexander, IA 50420. Project-based Section 8 units already have a subsidy on the apartment — you apply there, not with a tenant voucher. For a voucher, apply with the housing authority, then ask each landlord. Estimate your share with the Section 8 calculator.
Is there senior affordable housing in Alexander, IA 50420?
This page may still list buildings in Alexander, IA 50420 that accept seniors without being senior-only. Use the filters and call to ask about age set-asides.
Nearby ZIP codes
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying.
Map loads here…
This ZIPNearbyOpen a pin for the building name.