What HUD offices serve Goodridge, 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 Goodridge.
How many renters live in Goodridge, Minnesota?
The City of Goodridge has people living in households.
There are renters living in renter households in this City. Renters make up 15.66 percent of the population living in Goodridge.
What is the rental market like in Goodridge, Minnesota?
There are an estimated housing units in the Goodridge area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Goodridge, Minnesota, there are 1.38 rental units.
What is the vacancy rate for rentals in Goodridge?
The rental vacancy rate in Goodridge is 27 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Goodridge for each bedroom size?
Occupied Rental Units by Size in Goodridge
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 2 | 6 | 0 | 0 |
Occupied Rental Units by Size in Goodridge
A large number of apartments in Goodridge have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Goodridge
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $746 to $1,590. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $746 |
| One BR | $837 |
| Two BR | $1,100 |
| Three BR | $1,399 |
| Four BR | $1,590 |
2024 Fair Market Rents in Goodridge, Minnesota
How many units are rented at Fair Market Rent (FMR) in Goodridge?
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 | 0 | 100 percent |
| Two BR | 6 | 100 percent |
Rental Units Below FMR in Goodridge, Minnesota
How many affordable rental units are in Goodridge?
Income Based Apartments in Goodridge, Minnesota
Goodridge 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 Goodridge, Minnesota
There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Goodridge.
Housing Choice Vouchers in Goodridge, Minnesota
On average, Section 8 Housing Choice vouchers pay Goodridge landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Goodridge.
The maximum amount a voucher would pay on behalf of a low-income tenant in Goodridge, Minnesota for a two-bedroom apartment is between $990 and $1,210.
Sourced from federal housing data and AffordableHousingOnline.com research.