What HUD offices serve Big Stone County, 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 Stone County.
How many renters live in Big Stone County, Minnesota?
The County of Big Stone County has people living in households.
There are renters living in renter households in this County. Renters make up 20.34 percent of the population living in Big Stone County.
What is the rental market like in Big Stone County, Minnesota?
There are an estimated housing units in the Big Stone County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Big Stone County, Minnesota, there are 1.14 rental units.
What is the vacancy rate for rentals in Big Stone County?
The rental vacancy rate in Big Stone County is 12 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 Stone County for each bedroom size?
Occupied Rental Units by Size in Big Stone County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 17 | 122 | 214 | 116 | 48 |
Occupied Rental Units by Size in Big Stone County
A large number of apartments in Big Stone County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Big Stone County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,366. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $613 |
| One BR | $775 |
| Two BR | $905 |
| Three BR | $1,275 |
| Four BR | $1,366 |
2024 Fair Market Rents in Big Stone County, Minnesota
How many units are rented at Fair Market Rent (FMR) in Big Stone County?
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 |
| Studio | 8 | 47 percent |
| One BR | 89 | 73 percent |
| Two BR | 142 | 66 percent |
Rental Units Below FMR in Big Stone County, Minnesota
How many affordable rental units are in Big Stone County?
There are a variety of federal affordable housing programs serving households in Big Stone County, Minnesota including the following:
| Federal Program | Unit Count |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Big Stone County, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Big Stone County, Minnesota
Big Stone County features 111 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 Stone County, Minnesota
There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Big Stone County.
Housing Choice Vouchers in Big Stone County, Minnesota
On average, Section 8 Housing Choice vouchers pay Big Stone County landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Big Stone County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Big Stone County, Minnesota for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.