What HUD offices serve Elbow Lake, 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 Elbow Lake.
How many renters live in Elbow Lake, Minnesota?
The City of Elbow Lake has 79 people living in 30 households.
There are 55 renters living in 17 renter households in this City. Renters make up 69.62 percent of the population living in Elbow Lake.
What is the rental market like in Elbow Lake, Minnesota?
There are an estimated 67 housing units in the Elbow Lake area. Of these, 18 units are rental homes, making up 27 percent of the housing market. For every renter household in Elbow Lake, Minnesota, there are 1 rental units.
What is the vacancy rate for rentals in Elbow Lake?
The rental vacancy rate in Elbow Lake is 6 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 Elbow Lake for each bedroom size?
Occupied Rental Units by Size in Elbow Lake
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 4 | 0 | 1 | 12 |
Occupied Rental Units by Size in Elbow Lake
A large number of apartments in Elbow Lake 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 Elbow Lake are overburdened by housing costs?
Among renter households in this market, 41 percent have housing cost burden. Further, 6 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 Elbow Lake
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $687 to $1,505. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $687 |
| One BR | $801 |
| Two BR | $1,014 |
| Three BR | $1,361 |
| Four BR | $1,505 |
2024 Fair Market Rents in Elbow Lake, Minnesota
How many units are rented at Fair Market Rent (FMR) in Elbow Lake?
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 | 4 | 100 percent |
Rental Units Below FMR in Elbow Lake, Minnesota
How many affordable rental units are in Elbow Lake?
Income Based Apartments in Elbow Lake, Minnesota
Elbow Lake features 80 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 Elbow Lake, Minnesota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elbow Lake.
Housing Choice Vouchers in Elbow Lake, Minnesota
On average, Section 8 Housing Choice vouchers pay Elbow Lake landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Elbow Lake.
The maximum amount a voucher would pay on behalf of a low-income tenant in Elbow Lake, Minnesota for a two-bedroom apartment is between $913 and $1,115.
Sourced from federal housing data and AffordableHousingOnline.com research.
