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Affordable Housing In Grey Eagle
Todd County, Minnesota

1 Low Income Apartment Communities In Grey Eagle

Grey Eagle Housing Assoc.

303 Cedar St N
Grey Eagle, Minnesota
Subsidized
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Housing Authorities that serve Grey Eagle

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

Guide To Affordable Housing in Grey Eagle, Minnesota

There are 1 low income housing apartment communities offering 24 affordable apartments for rent in Grey Eagle, Minnesota.

Income Based Apartments in Grey Eagle, Minnesota

Grey Eagle features 24 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 Grey Eagle, Minnesota

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grey Eagle.

Housing Choice Vouchers in Grey Eagle, Minnesota

On average, Section 8 Housing Choice vouchers pay Grey Eagle landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Grey Eagle.

The maximum amount a voucher would pay on behalf of a low-income tenant in Grey Eagle, Minnesota for a two-bedroom apartment is between $643 and $785.

2020 Grey Eagle, 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 $465 $542 $714 $890 $967
Payment Standard Range $419 to $512 $488 to $596 $643 to $785 $801 to $979 $870 to $1,064

Sourced from federal housing data and AffordableHousingOnline.com research.

Grey Eagle, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 24
Total Housing Units with Rental Assistance 24
Percentage of Housing Units Occupied By Renters 29.73%
Average Renter Household Size 1.93
Average Household Size 2.36
Median Household Income $36,429 ±$10,670
Median Rent $560 ±$37
Percentage Of Renters Overburdened 34.09% ± 19.71pp
Total Population 349

Population and Household Demographics

Grey Eagle is a city in Todd County, Minnesota with a population of 349. There are 148 households in the city with an average household size of 2.36 persons. 29.73% of households in Grey Eagle are renters.

Income and Rent Overburden in Grey Eagle

The median gross income for households in Grey Eagle is $36,429 a year, or $3,036 a month. The median rent for the city is $560 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grey Eagle, a household making less than $1,867 a month would be considered overburdened when renting an apartment at or above the median rent. 34.09% of households who rent are overburdened in Grey Eagle.

Area Median Income In Grey Eagle

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 Grey Eagle, the AMI is calculated from all households within Todd County.

In Grey Eagle, HUD calculates the Area Median Income for a family of four as $63,200

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 Grey Eagle

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 Grey Eagle

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,300 $17,450 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $25,450 $29,050 $32,700 $36,300 $39,250 $42,150 $45,050 $47,950
80% of Median $40,700 $46,500 $52,300 $58,100 $62,750 $67,400 $72,050 $76,700