How many renters live in Chisago City, Minnesota?
The City of Chisago City has 5,576 people living in 2,152 households.
There are 788 renters living in 549 renter households in this City. Renters make up 14.13 percent of the population living in Chisago City.
What is the rental market like in Chisago City, Minnesota?
There are an estimated 2,468 housing units in the Chisago City area. Of these, 590 units are rental homes, making up 24 percent of the housing market. For every renter household in Chisago City, Minnesota, there are 1 rental units.
What is the vacancy rate for rentals in Chisago City?
The rental vacancy rate in Chisago City is 7 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 Chisago City for each bedroom size?
Occupied Rental Units by Size in Chisago City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 83 | 248 | 162 | 11 | 45 |
Occupied Rental Units by Size in Chisago City
A large number of apartments in Chisago City 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 Chisago City are overburdened by housing costs?
Among renter households in this market, 59 percent have housing cost burden. Further, 40 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 Chisago City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,174 to $2,478. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,174 |
| One BR | $1,327 |
| Two BR | $1,622 |
| Three BR | $2,188 |
| Four BR | $2,478 |
2024 Fair Market Rents in Chisago City, Minnesota
How many units are rented at Fair Market Rent (FMR) in Chisago City?
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 | 72 | 87 percent |
| One BR | 132 | 53 percent |
| Two BR | 81 | 50 percent |
Rental Units Below FMR in Chisago City, Minnesota
How many affordable rental units are in Chisago City?
There are a variety of federal affordable housing programs serving households in Chisago City, Minnesota including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 35 |
| Section 8 Project-Based Rental Assistance | 60 |
| USDA Section 515 Rural Rental Housing | 36 |
Tracked Units by Federal Program in Chisago City, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Chisago City, Minnesota
Chisago City features 116 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 Chisago City, Minnesota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chisago City.
Housing Choice Vouchers in Chisago City, Minnesota
On average, Section 8 Housing Choice vouchers pay Chisago City landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Chisago City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Chisago City, Minnesota for a two-bedroom apartment is between $1,460 and $1,784.
Sourced from federal housing data and AffordableHousingOnline.com research.
