About This Property
Buffalo Run Apartments offers 36 low-income units in Oelwein, Iowa, featuring a mix of eight one-bedroom and eighteen two-bedroom floor plans. The property has been in service since 1999 and provides affordable housing options for qualifying residents in Fayette County.
Property Details
Fair Market Rent - Fayette 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 | $584 |
| 1 Bedroom | $656 |
| 2 Bedroom | $862 |
| 3 Bedroom | $1,093 |
| 4 Bedroom | $1,463 |
Income Limits - Fayette 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Oelwein, IA?+
The Fair Market Rent (FMR) for Fayette County, IA is: $584 (Studio), $656 (1BR), $862 (2BR), $1093 (3BR), $1463 (4BR). Actual rent at subsidized properties like Buffalo Run Apts is typically 30% of household income or less.
What size apartments are available at Buffalo Run Apts?+
Buffalo Run Apts offers the following unit types: 8 One-Bedroom, 18 Two-Bedroom units, for a total of 36 units.
What is the price range for apartments in Oelwein, IA?+
Based on Fair Market Rent for Fayette County, the estimated price range is: 1-bedroom: $656, 2-bedroom: $862. Actual rent at Buffalo Run Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Fayette County, IA?+
For a 4-person household in Fayette 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.
Who manages Buffalo Run Apts?+
Buffalo Run Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Buffalo Run Apts?+
Buffalo Run Apts 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.
Walk Score
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Nearby Schools
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