What HUD offices serve Big Lake, Minnesota?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Minnesota Public Housing and Low-Income Apartments Waiting Lists page for openings near Big Lake.
How many renters live in Big Lake, Minnesota?
The City of Big Lake has 383 people living in 130 households.
There are 53 renters living in 21 renter households in this City. Renters make up 13.84 percent of the population living in Big Lake.
What is the rental market like in Big Lake, Minnesota?
There are an estimated 222 housing units in the Big Lake area. Of these, 25 units are rental homes, making up 11 percent of the housing market. For every renter household in Big Lake, Minnesota, there are 1 rental units.
What is the vacancy rate for rentals in Big Lake?
The rental vacancy rate in Big Lake is 16 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 Big Lake for each bedroom size?
Occupied Rental Units by Size in Big Lake
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 11 | 6 | 2 | 2 |
Occupied Rental Units by Size in Big Lake
A large number of apartments in Big Lake 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 Big Lake are overburdened by housing costs?
Among renter households in this market, 0 percent have housing cost burden. Further, 0 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 Big Lake
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $762 to $1,889. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $762 |
| One BR | $868 |
| Two BR | $1,113 |
| Three BR | $1,485 |
| Four BR | $1,889 |
2024 Fair Market Rents in Big Lake, Minnesota
How many units are rented at Fair Market Rent (FMR) in Big Lake?
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 | 7 | 64 percent |
| Two BR | 0 | 100 percent |
Rental Units Below FMR in Big Lake, Minnesota
How many affordable rental units are in Big Lake?
Income Based Apartments in Big Lake, Minnesota
Big Lake features 75 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 Big Lake, Minnesota
There are 115 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Big Lake.
Housing Choice Vouchers in Big Lake, Minnesota
On average, Section 8 Housing Choice vouchers pay Big Lake landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Big Lake.
The maximum amount a voucher would pay on behalf of a low-income tenant in Big Lake, Minnesota for a two-bedroom apartment is between $1,002 and $1,224.
Sourced from federal housing data and AffordableHousingOnline.com research.
