What HUD offices serve Mounds View, 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 Mounds View.
How many renters live in Mounds View, Minnesota?
The City of Mounds View has 13,100 people living in 5,161 households.
There are 3,927 renters living in 1,706 renter households in this City. Renters make up 29.98 percent of the population living in Mounds View.
What is the rental market like in Mounds View, Minnesota?
There are an estimated 5,359 housing units in the Mounds View area. Of these, 1,774 units are rental homes, making up 33 percent of the housing market. For every renter household in Mounds View, Minnesota, there are 1 rental units.
What is the vacancy rate for rentals in Mounds View?
The rental vacancy rate in Mounds View is 3 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 Mounds View for each bedroom size?
Occupied Rental Units by Size in Mounds View
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 77 | 499 | 902 | 169 | 54 |
Occupied Rental Units by Size in Mounds View
A large number of apartments in Mounds View 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 Mounds View are overburdened by housing costs?
Among renter households in this market, 46 percent have housing cost burden. Further, 22 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 Mounds View
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 Mounds View, Minnesota
How many units are rented at Fair Market Rent (FMR) in Mounds View?
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 | 27 | 35 percent |
| One BR | 393 | 79 percent |
| Two BR | 712 | 79 percent |
Rental Units Below FMR in Mounds View, Minnesota
How many affordable rental units are in Mounds View?
There are a variety of federal affordable housing programs serving households in Mounds View, Minnesota including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 133 |
| Public Housing | 13 |
| Section 8 Project-Based Rental Assistance | 40 |
| Section 811 Supportive Housing for Persons with Disabilities | 19 |
Tracked Units by Federal Program in Mounds View, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Mounds View, Minnesota
Mounds View features 140 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 Mounds View, Minnesota
There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mounds View.
Housing Choice Vouchers in Mounds View, Minnesota
On average, Section 8 Housing Choice vouchers pay Mounds View landlords $900 per month towards rent. The average voucher holder contributes $500 towards rent in Mounds View.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mounds View, Minnesota for a two-bedroom apartment is between $1,460 and $1,784.
Sourced from federal housing data and AffordableHousingOnline.com research.
