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Affordable Housing In Freeborn County

14 Low Income Apartment Communities In Freeborn County

Lofts at Lea Center

139 E William St
Albert Lea, Minnesota
Accepts Vouchers

Hayward Booster Apartments

215 Main St
Hayward, Minnesota

Hi-View Apartments (Hollandale)

201 Amsterdam
Hollandale, Minnesota

North Grove Apt

100 1st Ave Ne
Clarks Grove, Minnesota

Guide To Affordable Housing in Freeborn County, Minnesota

There are 14 low income housing apartment communities offering 771 affordable apartments for rent in Freeborn County, Minnesota.

Income Based Apartments in Freeborn County, Minnesota

Freeborn County features 654 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 Freeborn County, Minnesota

There are 117 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Freeborn County.

Housing Choice Vouchers in Freeborn County, Minnesota

On average, Section 8 Housing Choice vouchers pay Freeborn County landlords $400 per month towards rent. The average voucher holder contributes $400 towards rent in Freeborn County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Freeborn County, Minnesota for a two-bedroom apartment is between $663 and $811.

2020 Freeborn County, 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 $480 $560 $737 $931 $1,143
Payment Standard Range $432 to $528 $504 to $616 $663 to $811 $838 to $1,024 $1,029 to $1,257

Sourced from federal housing data and research.

Freeborn County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 771
Total Housing Units with Rental Assistance 654
Percentage of Housing Units Occupied By Renters 23.61%
Average Renter Household Size 2.08
Average Household Size 2.33
Median Household Income $47,105 ±$1,270
Median Rent $598 ±$42
Percentage Of Renters Overburdened 38.79% ± 5.03pp
Total Population 30,897

Population and Household Demographics

Freeborn County is a county in Minnesota with a population of 30,897. There are 12,993 households in the county with an average household size of 2.33 persons. 23.61% of households in Freeborn County are renters.

Income and Rent Overburden in Freeborn County

The median gross income for households in Freeborn County is $47,105 a year, or $3,925 a month. The median rent for the county is $598 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Freeborn County, a household making less than $1,993 a month would be considered overburdened when renting an apartment at or above the median rent. 38.79% of households who rent are overburdened in Freeborn County.

Area Median Income In Freeborn County

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.

In Freeborn County, HUD calculates the Area Median Income for a family of four as $66,000

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 Freeborn County

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 Freeborn County

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