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Affordable Housing In Eagle Bend
Todd County, Minnesota

3 Low Income Apartment Communities In Eagle Bend

Eagle Heights

208 2nd Ave SW
Eagle Bend, Minnesota
Subsidized

Greenleaf Apartments

221 1st Ave NE
Eagle Bend, Minnesota

Green Leaf Apts (Eagle Bend)

222 First Ave Ne
Eagle Bend, Minnesota
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Housing Authorities that serve Eagle Bend

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

Guide To Affordable Housing in Eagle Bend, Minnesota

There are 3 low income housing apartment communities offering 52 affordable apartments for rent in Eagle Bend, Minnesota.

Income Based Apartments in Eagle Bend, Minnesota

Eagle Bend features 42 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 Eagle Bend, Minnesota

There are 10 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Eagle Bend.

Housing Choice Vouchers in Eagle Bend, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Eagle Bend, Minnesota for a two-bedroom apartment is between $643 and $785.

2020 Eagle Bend, 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
Fair Market Rent $465 $542 $714 $890 $967
Payment Standard Range $419 to $512 $488 to $596 $643 to $785 $801 to $979 $870 to $1,064

Sourced from federal housing data and AffordableHousingOnline.com research.

Eagle Bend, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 52
Total Housing Units with Rental Assistance 42
Percentage of Housing Units Occupied By Renters 29.74%
Average Renter Household Size 1.42
Average Household Size 1.94
Median Household Income $38,500 ±$11,108
Median Rent $438 ±$115
Percentage Of Renters Overburdened 39.13% ± 21.86pp
Total Population 450

Population and Household Demographics

Eagle Bend is a city in Todd County, Minnesota with a population of 450. There are 232 households in the city with an average household size of 1.94 persons. 29.74% of households in Eagle Bend are renters.

Income and Rent Overburden in Eagle Bend

The median gross income for households in Eagle Bend is $38,500 a year, or $3,208 a month. The median rent for the city is $438 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Eagle Bend, a household making less than $1,460 a month would be considered overburdened when renting an apartment at or above the median rent. 39.13% of households who rent are overburdened in Eagle Bend.

Area Median Income In Eagle Bend

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 Eagle Bend, the AMI is calculated from all households within Todd County.

In Eagle Bend, HUD calculates the Area Median Income for a family of four as $63,200

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 Eagle Bend

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 Eagle Bend

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,300 $17,450 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $25,450 $29,050 $32,700 $36,300 $39,250 $42,150 $45,050 $47,950
80% of Median $40,700 $46,500 $52,300 $58,100 $62,750 $67,400 $72,050 $76,700