Affordable Housing In Lac qui Parle County
Minnesota

4 Low Income Apartment Communities In Lac qui Parle County

Riverside Manor

1059 Pine St
Dawson, MN
Subsidized

Hilltop Residence, Inc

915 1st Ave
Madison, MN
62+
Accessible
Elderly Supportive Housing
Subsidized

Pinewood Apartments

517 Pleasant Dr
Madison, MN

Park Avenue Apartments

310 Park Ave
Madison, MN
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Other Housing Authorities located in Lac qui Parle County

Housing Authority Programs
Housing and Redevelopment Authority of Madison Minnesota Public Housing

Guide To Affordable Housing in Lac qui Parle County, Minnesota

There are 4 low income housing apartment communities offering 114 affordable apartments for rent in Lac qui Parle County, Minnesota. Lac qui Parle County features 98 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 16 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Lac qui Parle County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Lac qui Parle County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 114
Total Housing Units with Rental Assistance 98
Percentage of Housing Units Occupied By Renters 19.4%
Average Renter Household Size 1.96
Average Household Size 2.24
Median Household Income $49,903 ±$2,122
Median Rent $554 ±$44
Percentage Of Renters Overburdened 32.5% ± 4.18pp
Total Population 7,023

Population and Household Demographics

Lac qui Parle County is a County in Minnesota with a population of 7,023. There are 3,078 households in the county with an average household size of 2.24 persons. 19.4% of households in Lac qui Parle County are renters.

Income and Rent Overburden in Lac qui Parle County

The median gross income for households in Lac qui Parle County is $49,903 a year, or $4,159 a month. The median rent for the county is $554 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lac qui Parle County, a household making less than $1,847 a month would be considered overburdened when renting an apartment at or above the median rent. 32.5% of households who rent are overburdened in Lac qui Parle County.1

Area Median Income In Lac qui Parle County

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.

In Lac qui Parle County, HUD calculates the Area Median Income for a family of four as $68,600

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 Lac qui Parle County

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 Lac qui Parle County HUD Rental Assistance in Lac qui Parle County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,200 $17,400 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
80% of Median $40,550 $46,350 $52,150 $57,900 $62,550 $67,200 $71,800 $76,450

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Lac qui Parle County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
60% of Median $30,420 $34,800 $39,120 $43,440 $46,920 $50,400 $53,880 $57,360

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Lac qui Parle County is $39,120 a year, or $3,260 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,260 by 30% to get a maximum rent of $978 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $634 $679 $815 $941 $1,050 $1,159
60% $761 $815 $978 $1,130 $1,260 $1,391
Fair Market Rents in Lac qui Parle County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$471 $552 $714 $940 $978

Cities In Lac qui Parle County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Madison 3 The HUD funded Public Housing Agency that serves Madison is the Housing and Redevelopment Authority of Madison Minnesota.
Dawson 1
Agassiz 0
Arena 0
Augusta 0
Baxter 0
Bellingham 0
Boyd 0
Camp Release 0
Cerro Gordo 0
Freeland 0
Garfield 0
Hamlin 0
Hantho 0
Lac qui Parle 0
Lake Shore 0
Louisburg 0
Madisonship 0
Manfred 0
Marietta 0
Maxwell 0
Mehurin 0
Nassau 0
Perry 0
Providence 0
Riverside 0
Ten Mile Lake 0
Walter 0
Yellow Bank 0