What HUD offices serve Lake Lillian, 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 Lake Lillian.
How many renters live in Lake Lillian, Minnesota?
The City of Lake Lillian has 201 people living in 93 households.
There are 28 renters living in 17 renter households in this City. Renters make up 13.93 percent of the population living in Lake Lillian.
What is the rental market like in Lake Lillian, Minnesota?
There are an estimated 107 housing units in the Lake Lillian area. Of these, 17 units are rental homes, making up 16 percent of the housing market. For every renter household in Lake Lillian, Minnesota, there are 1 rental units.
What is the vacancy rate for rentals in Lake Lillian?
The rental vacancy rate in Lake Lillian is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Lake Lillian for each bedroom size?
Occupied Rental Units by Size in Lake Lillian
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 5 | 10 | 2 | 0 |
Occupied Rental Units by Size in Lake Lillian
A large number of apartments in Lake Lillian 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 Lake Lillian are overburdened by housing costs?
Among renter households in this market, 47 percent have housing cost burden. Further, 47 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 Lake Lillian
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $768 to $1,544. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $768 |
| One BR | $773 |
| Two BR | $936 |
| Three BR | $1,319 |
| Four BR | $1,544 |
2024 Fair Market Rents in Lake Lillian, Minnesota
How many units are rented at Fair Market Rent (FMR) in Lake Lillian?
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 | 3 | 60 percent |
| Two BR | 9 | 90 percent |
Rental Units Below FMR in Lake Lillian, Minnesota
How many affordable rental units are in Lake Lillian?
There are a variety of federal affordable housing programs serving households in Lake Lillian, Minnesota including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 8 |
Tracked Units by Federal Program in Lake Lillian, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Lake Lillian, Minnesota
Lake Lillian features 8 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 Lake Lillian, Minnesota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake Lillian.
Housing Choice Vouchers in Lake Lillian, Minnesota
On average, Section 8 Housing Choice vouchers pay Lake Lillian landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lake Lillian.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lake Lillian, Minnesota for a two-bedroom apartment is between $842 and $1,030.
Sourced from federal housing data and AffordableHousingOnline.com research.
