Affordable Housing Online is monitoring the federal government's response to the coronavirus disease (COVID-19) outbreak. 

An extensive list of coronavirus resources for low-income households can be found here.

Affordable Housing In Gully
Polk County, Minnesota

Housing Authorities that serve Gully

Housing Authority Programs
Northwest Minnesota Multi-County Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Gully, Minnesota

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Gully, Minnesota.

Income Based Apartments in Gully, Minnesota

Gully 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 Gully, Minnesota

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

Housing Choice Vouchers in Gully, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Gully, Minnesota for a two-bedroom apartment is between $749 and $915.

2020 Gully, 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 $570 $650 $832 $1,200 $1,461
Payment Standard Range $513 to $627 $585 to $715 $749 to $915 $1,080 to $1,320 $1,315 to $1,607

Sourced from federal housing data and AffordableHousingOnline.com research.

Gully, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 29.17%
Average Renter Household Size 2.43
Average Household Size 2.10
Median Household Income $41,667 ±$8,623
Median Rent $375 ±$134
Percentage Of Renters Overburdened 14.29% ± 112.83pp
Total Population 101

Population and Household Demographics

Gully is a city in Polk County, Minnesota with a population of 101. There are 48 households in the city with an average household size of 2.10 persons. 29.17% of households in Gully are renters.

Income and Rent Overburden in Gully

The median gross income for households in Gully is $41,667 a year, or $3,472 a month. The median rent for the city is $375 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gully, a household making less than $1,250 a month would be considered overburdened when renting an apartment at or above the median rent. 14.29% of households who rent are overburdened in Gully.

Area Median Income In Gully

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 Gully, the AMI is calculated from all households within Polk County.

In Gully, HUD calculates the Area Median Income for a family of four as $89,200

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 Gully

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 Gully

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,550 $21,200 $23,850 $26,500 $30,680 $35,160 $39,640 $44,120
50% of Median $30,950 $35,400 $39,800 $44,200 $47,750 $51,300 $54,850 $58,350
80% of Median $49,500 $56,600 $63,650 $70,700 $76,400 $82,050 $87,700 $93,350