How many renters live in Rush City, Minnesota?
The City of Rush City has 3,239 people living in 1,011 households.
There are 613 renters living in 399 renter households in this City. Renters make up 18.93 percent of the population living in Rush City.
What is the rental market like in Rush City, Minnesota?
There are an estimated 1,094 housing units in the Rush City area. Of these, 441 units are rental homes, making up 40 percent of the housing market. For every renter household in Rush City, Minnesota, there are 1 rental units.
What is the vacancy rate for rentals in Rush City?
The rental vacancy rate in Rush City is 10 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 Rush City for each bedroom size?
Occupied Rental Units by Size in Rush City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 29 | 135 | 151 | 69 | 15 |
Occupied Rental Units by Size in Rush City
A large number of apartments in Rush 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 Rush City are overburdened by housing costs?
Among renter households in this market, 41 percent have housing cost burden. Further, 20 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 Rush 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 Rush City, Minnesota
How many units are rented at Fair Market Rent (FMR) in Rush 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 | 29 | 100 percent |
| One BR | 132 | 98 percent |
| Two BR | 137 | 91 percent |
Rental Units Below FMR in Rush City, Minnesota
How many affordable rental units are in Rush City?
There are a variety of federal affordable housing programs serving households in Rush City, Minnesota including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 24 |
| USDA Section 515 Rural Rental Housing | 74 |
Tracked Units by Federal Program in Rush City, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Rush City, Minnesota
Rush City features 98 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 Rush City, Minnesota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rush City.
Housing Choice Vouchers in Rush City, Minnesota
On average, Section 8 Housing Choice vouchers pay Rush City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Rush City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rush City, Minnesota for a two-bedroom apartment is between $1,460 and $1,784.
Sourced from federal housing data and AffordableHousingOnline.com research.
