What HUD offices serve Dakota County, Minnesota?
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.
Go to the Minnesota Public Housing and Low-Income Apartments Waiting Lists page for openings near Dakota County.
How many renters live in Dakota County, Minnesota?
The County of Dakota County has people living in households.
There are renters living in renter households in this County. Renters make up 21.78 percent of the population living in Dakota County.
What is the rental market like in Dakota County, Minnesota?
There are an estimated housing units in the Dakota County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Dakota County, Minnesota, there are 1.03 rental units.
What is the vacancy rate for rentals in Dakota County?
The rental vacancy rate in Dakota County is 2 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 Dakota County for each bedroom size?
Occupied Rental Units by Size in Dakota County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 3,334 13,358 18,249 7,760 2,464 Occupied Rental Units by Size in Dakota County
A large number of apartments in Dakota County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Dakota County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,174 to $2,478. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $1,174 One BR $1,327 Two BR $1,622 Three BR $2,188 Four BR $2,478 2024 Fair Market Rents in Dakota County, Minnesota
How many units are rented at Fair Market Rent (FMR) in Dakota County?
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 Studio 1,415 42 percent One BR 7,683 58 percent Two BR 8,215 45 percent Rental Units Below FMR in Dakota County, Minnesota
How many affordable rental units are in Dakota County?
There are a variety of federal affordable housing programs serving households in
Dakota County, Minnesota including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Section 202 Supportive Housing for the Elderly Section 811 Supportive Housing for Persons with Disabilities USDA Section 515 Rural Rental Housing Tracked Units by Federal Program in Dakota County, Minnesota
Income Based Apartments in Dakota County, Minnesota
Dakota County features 1,718 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 Dakota County, Minnesota
There are 3,861 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Dakota County.
Housing Choice Vouchers in Dakota County, Minnesota
On average, Section 8 Housing Choice vouchers pay Dakota County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Dakota County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Dakota County, Minnesota for a two-bedroom apartment is between $1,460 and $1,784.
Sourced from federal housing data and AffordableHousingOnline.com research.