What HUD offices serve Inver Grove Height, 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 Inver Grove Height.
How many renters live in Inver Grove Height, Minnesota?
The City of Inver Grove Height has 35,673 people living in 14,723 households.
There are 8,147 renters living in 3,873 renter households in this City. Renters make up 22.84 percent of the population living in Inver Grove Height.
What is the rental market like in Inver Grove Height, Minnesota?
There are an estimated 15,078 housing units in the Inver Grove Height area. Of these, 4,018 units are rental homes, making up 27 percent of the housing market. For every renter household in Inver Grove Height, Minnesota, there are 1 rental units.
What is the vacancy rate for rentals in Inver Grove Height?
The rental vacancy rate in Inver Grove Height is 2 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 Inver Grove Height for each bedroom size?
Occupied Rental Units by Size in Inver Grove Height
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 153 | 946 | 2,028 | 540 | 176 |
Occupied Rental Units by Size in Inver Grove Height
A large number of apartments in Inver Grove Height 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 Inver Grove Height are overburdened by housing costs?
Among renter households in this market, 47 percent have housing cost burden. Further, 21 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 Inver Grove Height
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,174 to $2,478. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,174 |
| One BR | $1,327 |
| Two BR | $1,622 |
| Three BR | $2,188 |
| Four BR | $2,478 |
2024 Fair Market Rents in Inver Grove Height, Minnesota
How many units are rented at Fair Market Rent (FMR) in Inver Grove Height?
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 | 86 | 56 percent |
| One BR | 640 | 68 percent |
| Two BR | 1,102 | 54 percent |
Rental Units Below FMR in Inver Grove Height, Minnesota
How many affordable rental units are in Inver Grove Height?
There are a variety of federal affordable housing programs serving households in Inver Grove Height, Minnesota including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 273 |
| Section 8 Project-Based Rental Assistance | 41 |
| Section 202 Supportive Housing for the Elderly | 39 |
Tracked Units by Federal Program in Inver Grove Height, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Inver Grove Height, Minnesota
Inver Grove Height 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 Inver Grove Height, Minnesota
There are 49 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Inver Grove Height.
Housing Choice Vouchers in Inver Grove Height, Minnesota
On average, Section 8 Housing Choice vouchers pay Inver Grove Height landlords $600 per month towards rent. The average voucher holder contributes $500 towards rent in Inver Grove Height.
The maximum amount a voucher would pay on behalf of a low-income tenant in Inver Grove Height, Minnesota for a two-bedroom apartment is between $1,460 and $1,784.
Sourced from federal housing data and AffordableHousingOnline.com research.
