How many renters live in Browns Valley, Minnesota?
The City of Browns Valley has 503 people living in 189 households.
There are 201 renters living in 84 renter households in this City. Renters make up 39.96 percent of the population living in Browns Valley.
What is the rental market like in Browns Valley, Minnesota?
There are an estimated 250 housing units in the Browns Valley area. Of these, 98 units are rental homes, making up 39 percent of the housing market. For every renter household in Browns Valley, Minnesota, there are 1 rental units.
What is the vacancy rate for rentals in Browns Valley?
The rental vacancy rate in Browns Valley is 14 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Browns Valley for each bedroom size?
Occupied Rental Units by Size in Browns Valley
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 15 | 37 | 29 | 3 |
Occupied Rental Units by Size in Browns Valley
A large number of apartments in Browns Valley have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Browns Valley are overburdened by housing costs?
Among renter households in this market, 25 percent have housing cost burden. Further, 15 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Browns Valley
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,390. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $613 |
| One BR | $712 |
| Two BR | $905 |
| Three BR | $1,275 |
| Four BR | $1,390 |
2024 Fair Market Rents in Browns Valley, Minnesota
How many units are rented at Fair Market Rent (FMR) in Browns Valley?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 9 | 60 percent |
| Two BR | 24 | 65 percent |
Rental Units Below FMR in Browns Valley, Minnesota
How many affordable rental units are in Browns Valley?
There are a variety of federal affordable housing programs serving households in Browns Valley, Minnesota including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 24 |
Tracked Units by Federal Program in Browns Valley, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Browns Valley, Minnesota
Browns Valley features 24 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Browns Valley, Minnesota
There are 11 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Browns Valley.
Housing Choice Vouchers in Browns Valley, Minnesota
On average, Section 8 Housing Choice vouchers pay Browns Valley landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Browns Valley.
The maximum amount a voucher would pay on behalf of a low-income tenant in Browns Valley, Minnesota for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
