Low Income Apartments and Affordable Housing For Rent in Hankinson, ND

Discover affordable housing in Hankinson where there are 4+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Prairie View Haven

515 Main Ave N, Hankinson, North Dakota 58041

Dakota Magic Homes

16849 102nd St SE, Hankinson, North Dakota 58041

Grace Village

503 4th St NE, Hankinson, North Dakota 58041

North Dakota

401 4th St NE, Hankinson, North Dakota 58041

calendar_today Opened: Nov 4
Open Until Further Notice

Reported On February 23rd, 2024 by Ayat Elkarib

calendar_today Opened: Mar 28
Open Until Further Notice

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hankinson, North Dakota
$16.27/hour
$9.02 (+124%) more than North Dakota minimum wage and $9.02 (+124%) more than the Federal minimum wage.
Learn More About Hankinson, North Dakota Affordable Housing ↓

What HUD offices serve Hankinson, North Dakota?

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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Hankinson, North Dakota.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Hankinson, North Dakota.

Go to the North Dakota Public Housing and Low-Income Apartments Waiting Lists page for openings near Hankinson.

How many renters live in Hankinson, North Dakota?

The City of Hankinson has 790 people living in 303 households.

There are 73 renters living in 36 renter households in this City. Renters make up 9.24 percent of the population living in Hankinson.

What is the rental market like in Hankinson, North Dakota?

There are an estimated 395 housing units in the Hankinson area. Of these, 52 units are rental homes, making up 13 percent of the housing market. For every renter household in Hankinson, North Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Hankinson?

The rental vacancy rate in Hankinson is 31 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 Hankinson for each bedroom size?

Occupied Rental Units by Size in Hankinson
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 17 11 8
Occupied Rental Units by Size in Hankinson

A large number of apartments in Hankinson 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 Hankinson are overburdened by housing costs?

Among renter households in this market, 22 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 Hankinson

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $649 to $1,382. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $649
One BR $654
Two BR $859
Three BR $1,211
Four BR $1,382
2024 Fair Market Rents in Hankinson, North Dakota

How many units are rented at Fair Market Rent (FMR) in Hankinson?

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
Two BR 13 76 percent
Rental Units Below FMR in Hankinson, North Dakota

How many affordable rental units are in Hankinson?

There are a variety of federal affordable housing programs serving households in Hankinson, North Dakota including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 12
Section 8 Project-Based Rental Assistance 12
Tracked Units by Federal Program in Hankinson, North Dakota

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Hankinson, North Dakota

Hankinson features 16 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 Hankinson, North Dakota

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hankinson.

Housing Choice Vouchers in Hankinson, North Dakota

On average, Section 8 Housing Choice vouchers pay Hankinson landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hankinson.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hankinson, North Dakota for a two-bedroom apartment is between $773 and $945.

Sourced from federal housing data and AffordableHousingOnline.com research.