Affordable Housing In Elgin
Wabasha County, Minnesota

Affordable Housing programs support 0 income based apartments in Elgin where households pay rent based on how much they earn.

There are 0 affordable apartments in Elgin that offer reduced rents to low-income households.

Waiting Lists in Elgin, Minnesota

There are no open Section 8 Housing Choice Voucher waiting lists in Elgin. Go to the Minnesota Section 8 Waiting Lists page for openings near Elgin.

Affordable Housing Near Elgin

View affordable apartments and waiting lists in cities near Elgin

City Apartments
Affordable Housing In Mazeppa, MN Affordable Housing programs support 1 apartment communities in Mazeppa.
Affordable Housing In Plainview, MN Affordable Housing programs support 4 apartment communities in Plainview.
Affordable Housing In Wabasha, MN Affordable Housing programs support 1 apartment communities in Wabasha.

Public Housing Agencies Serving Elgin, 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.

Waiting lists for project-based assistance, like the Public Housing program, are open:

Housing Authority Programs
Southeastern Minnesota Multi-County Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Minnesota Public Housing and Low-Income Apartments Waiting Lists page for openings near Elgin.

Elgin, Minnesota Affordable Housing Data

Income Based Apartments in Elgin, Minnesota

Elgin 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 Elgin, Minnesota

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

Housing Choice Vouchers in Elgin, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Elgin, Minnesota for a two-bedroom apartment is between $743 and $909.

2023 Elgin, 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
Elgin, Minnesota Fair Market Rent $593 $727 $826 $1,174 $1,407
Elgin, Minnesota Payment Standard Range $534 to $652 $654 to $800 $743 to $909 $1,057 to $1,291 $1,266 to $1,548

Sourced from federal housing data and research.

Elgin, 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 20%
Average Renter Household Size 1.98
Average Household Size 2.66
Median Household Income $64,531 ±$12,583
Median Rent $561 ±$32
Percentage Of Renters Overburdened 33.71% ± 28.87pp
Total Population 1,184

Population and Household Demographics

Elgin is a city in Wabasha County, Minnesota with a population of 1,184. There are 445 households in the city with an average household size of 2.66 persons. 20% of households in Elgin are renters.

Income and Rent Overburden in Elgin

The median gross income for households in Elgin is $64,531 a year, or $5,378 a month. The median rent for the city is $561 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Elgin, a household making less than $1,870 a month would be considered overburdened when renting an apartment at or above the median rent. 33.71% of households who rent are overburdened in Elgin.

Area Median Income In Elgin

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 Elgin, the AMI is calculated from all households within Wabasha County.

In Elgin, HUD calculates the Area Median Income for a family of four as $89,400

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 Elgin

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 Elgin

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 Elgin AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,800 $21,450 $24,150 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Elgin AMI may qualify for rental assistance programs that target Very Low Income households.
$31,300 $35,800 $40,250 $44,700 $48,300 $51,900 $55,450 $59,050
80% AMI Income Limits
Renters earning up to 80% of the Elgin AMI may qualify for rental assistance programs that target Low Income households.
$50,050 $57,200 $64,350 $71,500 $77,250 $82,950 $88,700 $94,400