What HUD offices serve Grand Meadow, 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 Grand Meadow.
How many renters live in Grand Meadow, Minnesota?
The City of Grand Meadow has people living in households.
There are renters living in renter households in this City. Renters make up 18.47 percent of the population living in Grand Meadow.
What is the rental market like in Grand Meadow, Minnesota?
There are an estimated housing units in the Grand Meadow area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Grand Meadow, Minnesota, there are 1.35 rental units.
What is the vacancy rate for rentals in Grand Meadow?
The rental vacancy rate in Grand Meadow is 26 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 Grand Meadow for each bedroom size?
Occupied Rental Units by Size in Grand Meadow
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 23 | 22 | 20 | 6 | 3 |
Occupied Rental Units by Size in Grand Meadow
A large number of apartments in Grand Meadow 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 Grand Meadow
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $735 to $1,544. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $735 |
| One BR | $826 |
| Two BR | $1,085 |
| Three BR | $1,378 |
| Four BR | $1,544 |
2024 Fair Market Rents in Grand Meadow, Minnesota
How many units are rented at Fair Market Rent (FMR) in Grand Meadow?
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 |
| Studio | 22 | 96 percent |
| One BR | 22 | 100 percent |
| Two BR | 6 | 30 percent |
Rental Units Below FMR in Grand Meadow, Minnesota
How many affordable rental units are in Grand Meadow?
There are a variety of federal affordable housing programs serving households in Grand Meadow, Minnesota including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance |
Tracked Units by Federal Program in Grand Meadow, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Grand Meadow, Minnesota
Grand Meadow features 30 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 Meadow, Minnesota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grand Meadow.
Housing Choice Vouchers in Grand Meadow, Minnesota
On average, Section 8 Housing Choice vouchers pay Grand Meadow landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Grand Meadow.
The maximum amount a voucher would pay on behalf of a low-income tenant in Grand Meadow, Minnesota for a two-bedroom apartment is between $977 and $1,194.
Sourced from federal housing data and AffordableHousingOnline.com research.