What HUD offices serve Deer Creek, 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 Deer Creek.
How many renters live in Deer Creek, Minnesota?
The City of Deer Creek has 253 people living in 109 households.
There are 28 renters living in 14 renter households in this City. Renters make up 11.07 percent of the population living in Deer Creek.
What is the rental market like in Deer Creek, Minnesota?
There are an estimated 139 housing units in the Deer Creek area. Of these, 34 units are rental homes, making up 24 percent of the housing market. For every renter household in Deer Creek, Minnesota, there are 2 rental units.
What is the vacancy rate for rentals in Deer Creek?
The rental vacancy rate in Deer Creek is 59 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Deer Creek for each bedroom size?
Occupied Rental Units by Size in Deer Creek
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 5 | 5 | 1 | 3 |
Occupied Rental Units by Size in Deer Creek
A large number of apartments in Deer Creek 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 Deer Creek are overburdened by housing costs?
Among renter households in this market, 29 percent have housing cost burden. Further, 0 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 Deer Creek
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $640 to $1,395. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $640 |
| One BR | $718 |
| Two BR | $944 |
| Three BR | $1,289 |
| Four BR | $1,395 |
2024 Fair Market Rents in Deer Creek, Minnesota
How many units are rented at Fair Market Rent (FMR) in Deer Creek?
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 | 5 | 100 percent |
| Two BR | 2 | 40 percent |
Rental Units Below FMR in Deer Creek, Minnesota
How many affordable rental units are in Deer Creek?
There are a variety of federal affordable housing programs serving households in Deer Creek, Minnesota including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 12 |
| Section 8 Project-Based Rental Assistance | 20 |
Tracked Units by Federal Program in Deer Creek, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Deer Creek, Minnesota
Deer Creek features 12 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 Deer Creek, Minnesota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Deer Creek.
Housing Choice Vouchers in Deer Creek, Minnesota
On average, Section 8 Housing Choice vouchers pay Deer Creek landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Deer Creek.
The maximum amount a voucher would pay on behalf of a low-income tenant in Deer Creek, Minnesota for a two-bedroom apartment is between $850 and $1,038.
Sourced from federal housing data and AffordableHousingOnline.com research.
