Affordable Housing In Cyrus
Pope County, Minnesota

Housing Authorities that serve Cyrus

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

Guide To Affordable Housing in Cyrus, Minnesota

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Cyrus, Minnesota.

Income Based Apartments in Cyrus, Minnesota

Cyrus 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 Cyrus, Minnesota

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

Housing Choice Vouchers in Cyrus, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cyrus, Minnesota for a two-bedroom apartment is between $661 and $807.

2021 Cyrus, 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
Cyrus, Minnesota Fair Market Rent $507 $557 $734 $994 $1,062
Cyrus, Minnesota Payment Standard Range $456 to $558 $501 to $613 $661 to $807 $895 to $1,093 $956 to $1,168

Sourced from federal housing data and AffordableHousingOnline.com research.

Cyrus, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 30.2%
Average Renter Household Size 1.87
Average Household Size 2.29
Median Household Income $41,250 ±$10,234
Median Rent $481 ±$34
Percentage Of Renters Overburdened 46.67% ± 32.13pp
Total Population 341

Population and Household Demographics

Cyrus is a city in Pope County, Minnesota with a population of 341. There are 149 households in the city with an average household size of 2.29 persons. 30.2% of households in Cyrus are renters.

Income and Rent Overburden in Cyrus

The median gross income for households in Cyrus is $41,250 a year, or $3,438 a month. The median rent for the city is $481 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cyrus, a household making less than $1,603 a month would be considered overburdened when renting an apartment at or above the median rent. 46.67% of households who rent are overburdened in Cyrus.

Area Median Income In Cyrus

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 Cyrus, the AMI is calculated from all households within Pope County.

In Cyrus, HUD calculates the Area Median Income for a family of four as $77,500

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 Cyrus

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 HUD Rental Assistance in Cyrus

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 Cyrus AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,300 $18,600 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Cyrus AMI may qualify for rental assistance programs that target Very Low Income households.
$27,150 $31,000 $34,900 $38,750 $41,850 $44,950 $48,050 $51,150
80% AMI Income Limits
Renters earning up to 80% of the Cyrus AMI may qualify for rental assistance programs that target Low Income households.
$43,400 $49,600 $55,800 $62,000 $67,000 $71,950 $76,900 $81,850