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Affordable Housing In Grand Meadow
Mower County, Minnesota

1 Low Income Apartment Communities In Grand Meadow

Grandview Riverside Apartments Mower Co

205 Grand Ave W
Grand Meadow, Minnesota
Subsidized
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Housing Authorities that serve Grand Meadow

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

Guide To Affordable Housing in Grand Meadow, Minnesota

There are 1 low income housing apartment communities offering 30 affordable apartments for rent in Grand Meadow, Minnesota.

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 $709 and $867.

2020 Grand Meadow, 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 $513 $598 $788 $1,111 $1,142
Payment Standard Range $462 to $564 $538 to $658 $709 to $867 $1,000 to $1,222 $1,028 to $1,256

Sourced from federal housing data and AffordableHousingOnline.com research.

Grand Meadow, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 30
Total Housing Units with Rental Assistance 30
Percentage of Housing Units Occupied By Renters 25.11%
Average Renter Household Size 2.21
Average Household Size 2.54
Median Household Income $50,648 ±$5,563
Median Rent $650 ±$102
Percentage Of Renters Overburdened 53.57% ± 20.6pp
Total Population 1,170

Population and Household Demographics

Grand Meadow is a city in Mower County, Minnesota with a population of 1,170. There are 446 households in the city with an average household size of 2.54 persons. 25.11% of households in Grand Meadow are renters.

Income and Rent Overburden in Grand Meadow

The median gross income for households in Grand Meadow is $50,648 a year, or $4,221 a month. The median rent for the city is $650 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grand Meadow, a household making less than $2,167 a month would be considered overburdened when renting an apartment at or above the median rent. 53.57% of households who rent are overburdened in Grand Meadow.

Area Median Income In Grand Meadow

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 Grand Meadow, the AMI is calculated from all households within Mower County.

In Grand Meadow, HUD calculates the Area Median Income for a family of four as $73,700

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 Grand Meadow

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 Grand Meadow

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,500 $17,700 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $25,800 $29,500 $33,200 $36,850 $39,800 $42,750 $45,700 $48,650
80% of Median $41,300 $47,200 $53,100 $58,950 $63,700 $68,400 $73,100 $77,850