How many renters live in Lac qui Parle County, Minnesota?
The County of Lac qui Parle County has people living in households.
There are renters living in renter households in this County. Renters make up 13.36 percent of the population living in Lac qui Parle County.
What is the rental market like in Lac qui Parle County, Minnesota?
There are an estimated housing units in the Lac qui Parle County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lac qui Parle County, Minnesota, there are 1.17 rental units.
What is the vacancy rate for rentals in Lac qui Parle County?
The rental vacancy rate in Lac qui Parle County is 13 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 Lac qui Parle County for each bedroom size?
Occupied Rental Units by Size in Lac qui Parle County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 17 | 93 | 150 | 164 | 33 |
Occupied Rental Units by Size in Lac qui Parle County
A large number of apartments in Lac qui Parle 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 Lac qui Parle County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,472. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $613 |
| One BR | $744 |
| Two BR | $905 |
| Three BR | $1,213 |
| Four BR | $1,472 |
2024 Fair Market Rents in Lac qui Parle County, Minnesota
How many units are rented at Fair Market Rent (FMR) in Lac qui Parle 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 | 15 | 88 percent |
| One BR | 49 | 53 percent |
| Two BR | 85 | 57 percent |
Rental Units Below FMR in Lac qui Parle County, Minnesota
How many affordable rental units are in Lac qui Parle County?
There are a variety of federal affordable housing programs serving households in Lac qui Parle County, Minnesota including the following:
| Federal Program | Unit Count |
| Public Housing | |
| Section 8 Project-Based Rental Assistance |
Tracked Units by Federal Program in Lac qui Parle County, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Lac qui Parle County, Minnesota
Lac qui Parle County features 96 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 Lac qui Parle County, Minnesota
There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lac qui Parle County.
Housing Choice Vouchers in Lac qui Parle County, Minnesota
On average, Section 8 Housing Choice vouchers pay Lac qui Parle County landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Lac qui Parle County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lac qui Parle County, Minnesota for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
