Affordable Housing In Adams
Mower County, Minnesota

1 Low Income Apartment Communities In Adams

Mower County

310 NW Lincoln St
Adams, MN
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Guide To Affordable Housing in Adams, Minnesota

There are 1 low income housing apartment communities offering 28 affordable apartments for rent in Adams, Minnesota.

Income Based Apartments in Adams, Minnesota

Adams features 28 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 Adams, Minnesota

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Adams.

Housing Choice Vouchers in Adams, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Adams, Minnesota for a two-bedroom apartment is between $709 and $867.

2020 Adams, Minnesota Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $513 $598 $788 $1,111 $1,142
Payment Standard Range $462 to $564 $538 to $658 $709 to $867 $1,000 to $1,222 $1,028 to $1,256

Sourced from federal housing data and AffordableHousingOnline.com research.

Adams, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 28
Total Housing Units with Rental Assistance 28
Percentage of Housing Units Occupied By Renters 21.69%
Average Renter Household Size 1.58
Average Household Size 2.23
Median Household Income $45,417 ±$11,874
Median Rent $390 ±$172
Percentage Of Renters Overburdened 14.06% ± 22.34pp
Total Population 742

Population and Household Demographics

Adams is a City in Mower County, Minnesota with a population of 742. There are 295 households in the city with an average household size of 2.23 persons. 21.69% of households in Adams are renters.

Income and Rent Overburden in Adams

The median gross income for households in Adams is $45,417 a year, or $3,785 a month. The median rent for the city is $390 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Adams, a household making less than $1,300 a month would be considered overburdened when renting an apartment at or above the median rent. 14.06% of households who rent are overburdened in Adams.1

Area Median Income In Adams

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Adams, the AMI is calculated from all households within Mower County.

In Adams, HUD calculates the Area Median Income for a family of four as $72,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Adams

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Adams HUD Rental Assistance in Adams

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,200 $17,400 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
80% of Median $40,550 $46,350 $52,150 $57,900 $62,550 $67,200 $71,800 $76,450