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Affordable Housing In Glencoe
McLeod County, Minnesota

5 Low Income Apartment Communities In Glencoe

Millie Beneke Manor Glencoe Elderly Hsing

1319 Greeley Ave N
Glencoe, Minnesota
Subsidized

092002ni - - Northwood Apartments

1411 16th St E
Glencoe, Minnesota
Subsidized

Beihoffer Apartments

715 Greeley Ave N
Glencoe, Minnesota
Subsidized

Kestrel Park Townhomes

2401 14th St E
Glencoe, Minnesota

Glenhurst Apts

515 Abby Ln
Glencoe, Minnesota
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Housing Authorities that serve Glencoe

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

Guide To Affordable Housing in Glencoe, Minnesota

There are 5 low income housing apartment communities offering 130 affordable apartments for rent in Glencoe, Minnesota.

Income Based Apartments in Glencoe, Minnesota

Glencoe features 100 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 Glencoe, Minnesota

There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Glencoe.

Housing Choice Vouchers in Glencoe, Minnesota

On average, Section 8 Housing Choice vouchers pay Glencoe landlords $400 per month towards rent. The average voucher holder contributes $500 towards rent in Glencoe.

The maximum amount a voucher would pay on behalf of a low-income tenant in Glencoe, Minnesota for a two-bedroom apartment is between $698 and $854.

2020 Glencoe, 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 $512 $589 $776 $1,119 $1,280
Payment Standard Range $461 to $563 $530 to $648 $698 to $854 $1,007 to $1,231 $1,152 to $1,408

Sourced from federal housing data and AffordableHousingOnline.com research.

Glencoe, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 130
Total Housing Units with Rental Assistance 100
Percentage of Housing Units Occupied By Renters 24.47%
Average Renter Household Size 2.10
Average Household Size 2.38
Median Household Income $48,276 ±$7,018
Median Rent $644 ±$139
Percentage Of Renters Overburdened 43.73% ± 13.74pp
Total Population 5,557

Population and Household Demographics

Glencoe is a city in McLeod County, Minnesota with a population of 5,557. There are 2,280 households in the city with an average household size of 2.38 persons. 24.47% of households in Glencoe are renters.

Income and Rent Overburden in Glencoe

The median gross income for households in Glencoe is $48,276 a year, or $4,023 a month. The median rent for the city is $644 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Glencoe, a household making less than $2,147 a month would be considered overburdened when renting an apartment at or above the median rent. 43.73% of households who rent are overburdened in Glencoe.

Area Median Income In Glencoe

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 Glencoe, the AMI is calculated from all households within McLeod County.

In Glencoe, HUD calculates the Area Median Income for a family of four as $76,400

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 Glencoe

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 Glencoe

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,050 $18,350 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $26,750 $30,600 $34,400 $38,200 $41,300 $44,350 $47,400 $50,450
80% of Median $42,800 $48,900 $55,000 $61,100 $66,000 $70,900 $75,800 $80,700