How many renters live in Bejou, Minnesota?
The City of Bejou has 91 people living in 37 households.
There are 6 renters living in 6 renter households in this City. Renters make up 6.59 percent of the population living in Bejou.
What is the rental market like in Bejou, Minnesota?
There are an estimated 43 housing units in the Bejou area. Of these, 6 units are rental homes, making up 14 percent of the housing market. For every renter household in Bejou, Minnesota, there are 1 rental units.
What is the vacancy rate for rentals in Bejou?
The rental vacancy rate in Bejou is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Bejou for each bedroom size?
Occupied Rental Units by Size in Bejou
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 3 | 3 | 0 | 0 |
Occupied Rental Units by Size in Bejou
A large number of apartments in Bejou 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 Bejou are overburdened by housing costs?
Among renter households in this market, 50 percent have housing cost burden. Further, 50 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 Bejou
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,205. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $613 |
| One BR | $689 |
| Two BR | $905 |
| Three BR | $1,116 |
| Four BR | $1,205 |
2024 Fair Market Rents in Bejou, Minnesota
How many units are rented at Fair Market Rent (FMR) in Bejou?
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 |
| One BR | 3 | 100 percent |
| Two BR | 0 | 100 percent |
Rental Units Below FMR in Bejou, Minnesota
How many affordable rental units are in Bejou?
Income Based Apartments in Bejou, Minnesota
Bejou features 0 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 Bejou, Minnesota
There are 6 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bejou.
Housing Choice Vouchers in Bejou, Minnesota
On average, Section 8 Housing Choice vouchers pay Bejou landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bejou.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bejou, Minnesota for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
