There are 593 low-income apartments in Blue Earth County that offer reduced rents to eligible households. Low-income rents in Blue Earth County, Minnesota can range from $540 to $1,111 depending on the number of bedrooms.
Rental assistance programs support 874 low-income homes in Blue Earth County where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $395 towards rent each month.
Affordable rent data for some communities last confirmed on January 19th, 2023. Subdsidized rents typically change once a year based on federal guidance.
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.
|Blue Earth County Economic Development Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
|City of Mankato Economic Development Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Mainstream Voucher|
Blue Earth County features 874 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
There are 593 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Blue Earth County.
On average, Section 8 Housing Choice vouchers pay Blue Earth County landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Blue Earth County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Blue Earth County, Minnesota for a two-bedroom apartment is between $950 and $1,162.
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|
|Blue Earth County, Minnesota Fair Market Rent||$828||$845||$1,056||$1,478||$1,799|
|Blue Earth County, Minnesota Payment Standard Range||$745 to $911||$761 to $930||$950 to $1,162||$1,330 to $1,626||$1,619 to $1,979|
Sourced from federal housing data and AffordableHousingOnline.com research.
|Total Affordable Apartment Properties||24|
|Total Low Income Apartments||1,517|
|Total Housing Units with Rental Assistance||874|
|Percentage of Housing Units Occupied By Renters||35.4%|
|Average Renter Household Size||2.27|
|Average Household Size||2.46|
|Median Household Income||$50,061 ±$1,511|
|Median Rent||$727 ±$19|
|Percentage Of Renters Overburdened||50.94% ± 3.78pp|
Blue Earth County is a county in Minnesota with a population of 65,125. There are 24,847 households in the county with an average household size of 2.46 persons. 35.4% of households in Blue Earth County are renters.
The median gross income for households in Blue Earth County is $50,061 a year, or $4,172 a month. The median rent for the county is $727 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Blue Earth County, a household making less than $2,423 a month would be considered overburdened when renting an apartment at or above the median rent. 50.94% of households who rent are overburdened in Blue Earth 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 Blue Earth County, HUD calculates the Area Median Income for a family of four as $99,100
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 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.
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the Blue Earth County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Blue Earth County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Blue Earth County AMI may qualify for rental assistance programs that target Low Income households.