Affordable Housing In Fairfax
Renville County, Minnesota

1 Low Income Apartment Communities In Fairfax

Fairview Apartments - - Fairfax, Mn

11 Park St N
Fairfax, MN
Subsidized
  • «
  • 1
  • »

Housing Authorities that serve Fairfax

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

Guide To Affordable Housing in Fairfax, Minnesota

There are 1 low income housing apartment communities offering 25 affordable apartments for rent in Fairfax, Minnesota.

Income Based Apartments in Fairfax, Minnesota

Fairfax features 25 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 Fairfax, Minnesota

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

Housing Choice Vouchers in Fairfax, Minnesota

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

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

2020 Fairfax, 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 $572 $575 $714 $940 $1,008
Payment Standard Range $515 to $629 $518 to $633 $643 to $785 $846 to $1,034 $907 to $1,109

Sourced from federal housing data and AffordableHousingOnline.com research.

Fairfax, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 25
Total Housing Units with Rental Assistance 25
Percentage of Housing Units Occupied By Renters 24.16%
Average Renter Household Size 1.94
Average Household Size 2.00
Median Household Income $42,552 ±$6,420
Median Rent $698 ±$91
Percentage Of Renters Overburdened 37.96% ± 15.92pp
Total Population 955

Population and Household Demographics

Fairfax is a City in Renville County, Minnesota with a population of 955. There are 447 households in the city with an average household size of 2.00 persons. 24.16% of households in Fairfax are renters.

Income and Rent Overburden in Fairfax

The median gross income for households in Fairfax is $42,552 a year, or $3,546 a month. The median rent for the city is $698 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fairfax, a household making less than $2,327 a month would be considered overburdened when renting an apartment at or above the median rent. 37.96% of households who rent are overburdened in Fairfax.1

Area Median Income In Fairfax

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 Fairfax, the AMI is calculated from all households within Renville County.

In Fairfax, HUD calculates the Area Median Income for a family of four as $72,400

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 Fairfax

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 Fairfax HUD Rental Assistance in Fairfax

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,200 $17,400 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
80% of Median $40,550 $46,350 $52,150 $57,900 $62,550 $67,200 $71,800 $76,450