Affordable Housing In Lyon County
Minnesota

14 Low Income Apartment Communities In Lyon County

Ghent Housing Apartments

211 N Chapman St
Ghent, MN
$700-740
1-2 BR
Subsidized

Paris Park Townhomes

100 Paris Rd
Marshall, MN
$695-755
2-3 BR
HCV Welcome

Circle Pine Apartments

102 2nd Ave W
Balaton, MN
$665-725
1-3 BR

Tracy Area Housing

465 Harvey St
Tracy, MN
$530-583
1-2 BR
Subsidized

092021ni - - Rc Square

1112 Birch St
Marshall, MN
Subsidized

River Winds Aka Asi - Marshall

303 Jewett St
Marshall, MN
Accessible
Disabled Supportive Housing
Subsidized

West Mar Apartments

1002 Pearl Ave
Marshall, MN
Subsidized

Marshall Square Apartments

400 Jewett St
Marshall, MN
Subsidized

Halter Villa IIi

501 Jewett St
Marshall, MN
Subsidized

Twin Circle Apartments

760 Morgan St
Tracy, MN

Housing Authorities that serve Lyon County

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

Other Housing Authorities located in Lyon County

Housing Authority Programs
Housing and Redevelopment Authority of Tracy Public Housing
Public Housing Commission of the City of Marshall Public Housing
Housing and Redevelopment Authority of Cottonwood Public Housing

Guide To Affordable Housing in Lyon County, Minnesota

According to federal housing data and AffordableHousingOnline.com research, there are 14 low income housing apartment communities offering 628 affordable apartments for rent in Lyon County, Minnesota. Lyon County features 548 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 80 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Lyon County.

Lyon County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 628
Total Housing Units with Rental Assistance 548
Percentage of Housing Units Occupied By Renters 32.26%
Average Renter Household Size 2.13
Average Household Size 2.46
Median Household Income $51,600 ±$1,294
Median Rent $605 ±$27
Percentage Of Renters Overburdened 36.99% ± 5.8pp
Total Population 25,699

Population and Household Demographics

Lyon County is a County in Minnesota with a population of 25,699. There are 9,958 households in the county with an average household size of 2.46 persons. 32.26% of households in Lyon County are renters.

Income and Rent Overburden in Lyon County

The median gross income for households in Lyon County is $51,600 a year, or $4,300 a month. The median rent for the county is $605 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lyon County, a household making less than $2,017 a month would be considered overburdened when renting an apartment at or above the median rent. 36.99% of households who rent are overburdened in Lyon County.1

Area Median Income In Lyon 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 Lyon County, HUD calculates the Area Median Income for a family of four as $75,700

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 Lyon 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 Lyon County HUD Rental Assistance in Lyon County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,900 $18,200 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,500 $30,300 $34,100 $37,850 $40,900 $43,950 $46,950 $50,000
80% of Median $42,400 $48,450 $54,500 $60,550 $65,400 $70,250 $75,100 $79,950
Low Income Housing Tax Credits in Lyon County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2005, 6 low income apartment communities containing 217 rental apartments have been constructed and made affordable to low income persons in Lyon County by the Low Income Housing Tax Credit Program.

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 Lyon County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,500 $30,300 $34,100 $37,850 $40,900 $43,950 $46,950 $50,000
60% of Median $31,800 $36,360 $40,920 $45,420 $49,080 $52,740 $56,340 $60,000

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 Lyon County is $40,920 a year, or $3,410 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,410 by 30% to get a maximum rent of $1,023 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% $663 $710 $853 $984 $1,099 $1,212
60% $795 $852 $1,023 $1,181 $1,319 $1,454
Fair Market Rents in Lyon 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 $542 $714 $975 $1,227

Cities In Lyon County

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

City Listings Served By
Marshall 10 The HUD funded Public Housing Agencies that serve Marshall are the Public Housing Commission of the City of Marshall and Worthington Housing and Redevelopment Authority.
Ghent 1 The HUD funded Public Housing Agency that serves Ghent is the Worthington Housing and Redevelopment Authority.
Tracy 2 The HUD funded Public Housing Agencies that serve Tracy are the Housing and Redevelopment Authority of Tracy and Worthington Housing and Redevelopment Authority.
Minneota 0 The HUD funded Public Housing Agency that serves Minneota is the Worthington Housing and Redevelopment Authority.
Balaton 1 The HUD funded Public Housing Agency that serves Balaton is the Worthington Housing and Redevelopment Authority.
Amiret 0 The HUD funded Public Housing Agency that serves Amiret is the Worthington Housing and Redevelopment Authority.
Clifton 0 The HUD funded Public Housing Agency that serves Clifton is the Worthington Housing and Redevelopment Authority.
Coon Creek 0 The HUD funded Public Housing Agency that serves Coon Creek is the Worthington Housing and Redevelopment Authority.
Cottonwood 0 The HUD funded Public Housing Agency that serves Cottonwood is the Worthington Housing and Redevelopment Authority.
Custer 0 The HUD funded Public Housing Agency that serves Custer is the Worthington Housing and Redevelopment Authority.
Eidsvold 0 The HUD funded Public Housing Agency that serves Eidsvold is the Worthington Housing and Redevelopment Authority.
Fairview 0 The HUD funded Public Housing Agency that serves Fairview is the Worthington Housing and Redevelopment Authority.
Florence 0 The HUD funded Public Housing Agency that serves Florence is the Worthington Housing and Redevelopment Authority.
Garvin 0 The HUD funded Public Housing Agency that serves Garvin is the Worthington Housing and Redevelopment Authority.
Grandview 0 The HUD funded Public Housing Agency that serves Grandview is the Worthington Housing and Redevelopment Authority.
Island Lake 0 The HUD funded Public Housing Agency that serves Island Lake is the Worthington Housing and Redevelopment Authority.
Lake Marshall 0 The HUD funded Public Housing Agency that serves Lake Marshall is the Worthington Housing and Redevelopment Authority.
Lucas 0 The HUD funded Public Housing Agency that serves Lucas is the Worthington Housing and Redevelopment Authority.
Lynd 0 The HUD funded Public Housing Agency that serves Lynd is the Worthington Housing and Redevelopment Authority.
Lyndship 0 The HUD funded Public Housing Agency that serves Lyndship is the Worthington Housing and Redevelopment Authority.
Lyons 0 The HUD funded Public Housing Agency that serves Lyons is the Worthington Housing and Redevelopment Authority.
Monroe 0 The HUD funded Public Housing Agency that serves Monroe is the Worthington Housing and Redevelopment Authority.
Nordland 0 The HUD funded Public Housing Agency that serves Nordland is the Worthington Housing and Redevelopment Authority.
Rock Lake 0 The HUD funded Public Housing Agency that serves Rock Lake is the Worthington Housing and Redevelopment Authority.
Russell 0 The HUD funded Public Housing Agency that serves Russell is the Worthington Housing and Redevelopment Authority.
Shelburne 0 The HUD funded Public Housing Agency that serves Shelburne is the Worthington Housing and Redevelopment Authority.
Sodus 0 The HUD funded Public Housing Agency that serves Sodus is the Worthington Housing and Redevelopment Authority.
Stanley 0 The HUD funded Public Housing Agency that serves Stanley is the Worthington Housing and Redevelopment Authority.
Taunton 0 The HUD funded Public Housing Agency that serves Taunton is the Worthington Housing and Redevelopment Authority.
Vallers 0 The HUD funded Public Housing Agency that serves Vallers is the Worthington Housing and Redevelopment Authority.
Westerheim 0 The HUD funded Public Housing Agency that serves Westerheim is the Worthington Housing and Redevelopment Authority.