Affordable Housing In Aitkin County
6 Low Income Apartment Communities In Aitkin County
Housing Authorities that serve Aitkin County
|Aitkin County Housing and Redevelopment Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Aitkin County, Minnesota
There are 6 low income housing apartment communities offering 293 affordable apartments for rent in Aitkin County, Minnesota.
Income Based Apartments in Aitkin County, Minnesota
Aitkin County features 201 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 Aitkin County, Minnesota
There are 92 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Aitkin County.
Housing Choice Vouchers in Aitkin County, Minnesota
On average, Section 8 Housing Choice vouchers pay Aitkin County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Aitkin County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Aitkin County, Minnesota for a two-bedroom apartment is between $691 and $845.
2020 Aitkin County, 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||$574||$583||$768||$996||$1,144|
|Payment Standard Range||$517 to $631||$525 to $641||$691 to $845||$896 to $1,096||$1,030 to $1,258|
Sourced from federal housing data and AffordableHousingOnline.com research.
Aitkin County, MN Affordable Housing Snapshot
|Total Affordable Apartment Properties||6|
|Total Low Income Apartments||293|
|Total Housing Units with Rental Assistance||201|
|Percentage of Housing Units Occupied By Renters||17.6%|
|Average Renter Household Size||1.90|
|Average Household Size||2.05|
|Median Household Income||$42,252 ±$893|
|Median Rent||$633 ±$39|
|Percentage Of Renters Overburdened||42.42% ± 4.75pp|
Population and Household Demographics
Aitkin County is a County in Minnesota with a population of 15,839. There are 7,609 households in the county with an average household size of 2.05 persons. 17.6% of households in Aitkin County are renters.
Income and Rent Overburden in Aitkin County
The median gross income for households in Aitkin County is $42,252 a year, or $3,521 a month. The median rent for the county is $633 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Aitkin County, a household making less than $2,110 a month would be considered overburdened when renting an apartment at or above the median rent. 42.42% of households who rent are overburdened in Aitkin County.1
Area Median Income In Aitkin County
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.
In Aitkin County, HUD calculates the Area Median Income for a family of four as $57,800
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 Aitkin County
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 Aitkin County HUD Rental Assistance in Aitkin County
|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|
Cities In Aitkin County
Select A City to View its Apartment Communities and Waiting Lists.
|Hill City||1||The HUD funded Public Housing Agency that serves Hill City is the Aitkin County Housing and Redevelopment Authority.|
|Aitkin||5||The HUD funded Public Housing Agency that serves Aitkin is the Aitkin County Housing and Redevelopment Authority.|
|Northeast Aitkin UT||0|
|Northwest Aitkin UT||0|