How many renters live in Grand Marais, Minnesota?
The City of Grand Marais has 1,768 people living in 831 households.
There are 604 renters living in 316 renter households in this City. Renters make up 34.16 percent of the population living in Grand Marais.
What is the rental market like in Grand Marais, Minnesota?
There are an estimated 999 housing units in the Grand Marais area. Of these, 321 units are rental homes, making up 32 percent of the housing market. For every renter household in Grand Marais, Minnesota, there are 1 rental units.
What is the vacancy rate for rentals in Grand Marais?
The rental vacancy rate in Grand Marais is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Grand Marais for each bedroom size?
Occupied Rental Units by Size in Grand Marais
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 152 | 92 | 44 | 24 |
Occupied Rental Units by Size in Grand Marais
A large number of apartments in Grand Marais have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Grand Marais are overburdened by housing costs?
Among renter households in this market, 18 percent have housing cost burden. Further, 7 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Grand Marais
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,309. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $613 |
| One BR | $806 |
| Two BR | $905 |
| Three BR | $1,205 |
| Four BR | $1,309 |
2024 Fair Market Rents in Grand Marais, Minnesota
How many units are rented at Fair Market Rent (FMR) in Grand Marais?
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 | 41 | 27 percent |
| Two BR | 46 | 50 percent |
Rental Units Below FMR in Grand Marais, Minnesota
How many affordable rental units are in Grand Marais?
There are a variety of federal affordable housing programs serving households in Grand Marais, Minnesota including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 23 |
| Section 8 Project-Based Rental Assistance | 31 |
| Section 202 Supportive Housing for the Elderly | 23 |
| USDA Section 515 Rural Rental Housing | 40 |
Tracked Units by Federal Program in Grand Marais, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Grand Marais, Minnesota
Grand Marais features 71 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 Grand Marais, Minnesota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grand Marais.
Housing Choice Vouchers in Grand Marais, Minnesota
On average, Section 8 Housing Choice vouchers pay Grand Marais landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Grand Marais.
The maximum amount a voucher would pay on behalf of a low-income tenant in Grand Marais, Minnesota for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
