About This Property
Mississippi Terrace is a public housing development in Keokuk, Iowa with 5 units available for affordable rent. All units are designed to be accessible for residents with mobility needs. The property serves Lee County residents seeking affordable housing options.
Waitlist Information
Waitlist managed by Keokuk Housing Authority
The KHA offers one Public Housing community with 196 units for senior/disabled households, ranging in size from 1 to 4 bedrooms. To apply, visit the KHA to pick up a pre-application, then hand-deliver it. Declining two invitations may result in removal from the waitlist.
The Section 8 Housing Choice Voucher waiting list was last open for one month in December 2016.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Lee 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 | $598 |
| 1 Bedroom | $672 |
| 2 Bedroom | $882 |
| 3 Bedroom | $1,185 |
| 4 Bedroom | $1,207 |
Income Limits - Lee 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 |
Advertisement
Frequently Asked Questions
What is the average rent for affordable housing in Keokuk, IA?+
The Fair Market Rent (FMR) for Lee County, IA is: $598 (Studio), $672 (1BR), $882 (2BR), $1185 (3BR), $1207 (4BR). Actual rent at subsidized properties like Mississippi Terrace is typically 30% of household income or less.
How many units does Mississippi Terrace have?+
Mississippi Terrace has a total of 5 housing units.
How do I apply for housing at Mississippi Terrace?+
Mississippi Terrace is a Public Housing property. To apply, you can start by calling 3195244386, or visiting their website, or contacting the property management office. You may need to submit an application and be placed on a waitlist. Eligibility is typically based on income, family size, and other factors.
What is the HUD inspection score for Mississippi Terrace?+
Mississippi Terrace has a HUD inspection score of 63 out of 100, which is considered adequate. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Is there a waitlist for Mississippi Terrace?+
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.
What are the income limits for affordable housing in Lee County, IA?+
For a 4-person household in Lee 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
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Mississippi Terrace
Lincoln Ridge
Keokuk, IA
14 UnitsMontrose Senior Apts
Montrose, IA
16 UnitsHotel Iowa
Keokuk, IA
53 UnitsDeer Meadow
Keokuk, IA
24 UnitsWestport Terrace
Keokuk, IA
72 Units
Keokuk Housing Authority
Keokuk, IA
352 Units