Affordable Housing In Aitkin County

6 Low Income Apartment Communities In Aitkin County

Aitkin Manor Apartments

230 1st Ave NE
Aitkin, MN
Income Based
1-2 BR

Northpoint Townhomes

610 Air Park Dr
Aitkin, MN
2-3 BR
HCV Welcome

River Heights Apartments

1000 Minnesota Ave S
Aitkin, MN
HCV Welcome

Hill City Apartments

131 Linden Ave
Hill City, MN

Aitkin Hra

215 3rd St SE
Aitkin, MN

Village Apartments

200 2nd Ave SW
Aitkin, MN
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Housing Authorities that serve Aitkin County

Housing Authority Programs
Aitkin County Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Aitkin County, Minnesota

According to federal housing data and research, there are 6 low income housing apartment communities offering 293 affordable apartments for rent in Aitkin County, Minnesota. Aitkin County features 201 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 92 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Aitkin County.

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
Total Population 15,839

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
Low Income Housing Tax Credits in Aitkin County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1990 to 1990, 1 low income apartment communities containing 11 rental apartments have been constructed and made affordable to low income persons in Aitkin County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Aitkin County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
60% of Median $30,420 $34,800 $39,120 $43,440 $46,920 $50,400 $53,880 $57,360

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Aitkin County is $39,120 a year, or $3,260 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,260 by 30% to get a maximum rent of $978 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $634 $679 $815 $941 $1,050 $1,159
60% $761 $815 $978 $1,130 $1,260 $1,391
Fair Market Rents in Aitkin County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$574 $583 $768 $996 $1,144

Cities In Aitkin County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
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.
Aitkinship 0
Ball Bluff 0
Balsam 0
Beaver 0
Clark 0
Cornish 0
Davidson UT 0
Farm Island 0
Fleming 0
Glen 0
Haugen 0
Hazelton 0
Hill Lake 0
Idun 0
Jevne 0
Jewett UT 0
Kimberly 0
Lakeside 0
Lee 0
Libby 0
Logan 0
McGrath 0
McGregor 0
McGregorship 0
Macville 0
Malmo 0
Millward 0
Morrison 0
Nordland 0
Northeast Aitkin UT 0
Northwest Aitkin UT 0
Palisade 0
Pliny 0
Rice River 0
Salo 0
Seavey 0
Shamrock 0
Spalding 0
Spencer 0
Tamarack 0
Turner 0
Verdon 0
Wagner 0
Waukenabo 0
Wealthwood 0
White Pine 0
Williams 0
Workman 0