Affordable Housing In Martin County
Minnesota

12 Low Income Apartment Communities In Martin County

Trimont Square Apartments

121 E Main St
Trimont, MN
$450
1 BR
Subsidized

Fairmont Square Apartments

1205 Victoria St
Fairmont, MN
Call For Rent
1-3 BR
HCV Welcome

Heritage Estates

101 Scotts Ct
Fairmont, MN
Income Based
2 BR

Countryside Townhouses

1305 Johnson St
Fairmont, MN
Subsidized

Lakeview Apartments

327 Fox Lake Ave
Sherburn, MN
Subsidized

Village Apartments

333 Fox Lake Ave
Sherburn, MN

Friendship Village

500 Home St
Fairmont, MN

Waverly Homes

902 Elm Ave
Waverly, MN

Welcome Housing

128 Campbell St
Welcome, MN
Subsidized

Birch Street Apartments

131 Birch St W
Trimont, MN

Housing Authorities that serve Martin County

Housing Authority Programs
South Central Minnesota Multi County Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Martin County

Housing Authority Programs
Fairmont Housing and Redevelopment Authority Public Housing

Guide To Affordable Housing in Martin County, Minnesota

According to federal housing data and AffordableHousingOnline.com research, there are 12 low income housing apartment communities offering 446 affordable apartments for rent in Martin County, Minnesota. Martin County features 282 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 164 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Martin County.

Martin County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 446
Total Housing Units with Rental Assistance 282
Percentage of Housing Units Occupied By Renters 26.25%
Average Renter Household Size 1.91
Average Household Size 2.26
Median Household Income $51,391 ±$3,518
Median Rent $613 ±$67
Percentage Of Renters Overburdened 37.49% ± 6.77pp
Total Population 20,350

Population and Household Demographics

Martin County is a County in Minnesota with a population of 20,350. There are 8,831 households in the county with an average household size of 2.26 persons. 26.25% of households in Martin County are renters.

Income and Rent Overburden in Martin County

The median gross income for households in Martin County is $51,391 a year, or $4,283 a month. The median rent for the county is $613 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Martin County, a household making less than $2,043 a month would be considered overburdened when renting an apartment at or above the median rent. 37.49% of households who rent are overburdened in Martin County.1

Area Median Income In Martin 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 Martin County, HUD calculates the Area Median Income for a family of four as $66,600

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 Martin 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 Martin County HUD Rental Assistance in Martin 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
Low Income Housing Tax Credits in Martin 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 2007, 3 low income apartment communities containing 140 rental apartments have been constructed and made affordable to low income persons in Martin 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 Martin 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 Martin 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 Martin 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 $994 $998

Cities In Martin County

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

City Listings Served By
Trimont 2 The HUD funded Public Housing Agency that serves Trimont is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Welcome 1 The HUD funded Public Housing Agency that serves Welcome is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Fairmont 5 The HUD funded Public Housing Agencies that serve Fairmont are the Fairmont Housing and Redevelopment Authority and South Central Minnesota Multi County Housing and Redevelopment Authority.
Truman 1 The HUD funded Public Housing Agency that serves Truman is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Sherburn 2 The HUD funded Public Housing Agency that serves Sherburn is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Cedar 0 The HUD funded Public Housing Agency that serves Cedar is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Center Creek 0 The HUD funded Public Housing Agency that serves Center Creek is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Ceylon 0 The HUD funded Public Housing Agency that serves Ceylon is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Dunnell 0 The HUD funded Public Housing Agency that serves Dunnell is the South Central Minnesota Multi County Housing and Redevelopment Authority.
East Chain 0 The HUD funded Public Housing Agency that serves East Chain is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Elm Creek 0 The HUD funded Public Housing Agency that serves Elm Creek is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Fairmontship 0 The HUD funded Public Housing Agency that serves Fairmontship is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Fox Lake 0 The HUD funded Public Housing Agency that serves Fox Lake is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Fraser 0 The HUD funded Public Housing Agency that serves Fraser is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Galena 0 The HUD funded Public Housing Agency that serves Galena is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Granada 0 The HUD funded Public Housing Agency that serves Granada is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Jay 0 The HUD funded Public Housing Agency that serves Jay is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Lake Belt 0 The HUD funded Public Housing Agency that serves Lake Belt is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Lake Fremont 0 The HUD funded Public Housing Agency that serves Lake Fremont is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Manyaska 0 The HUD funded Public Housing Agency that serves Manyaska is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Nashville 0 The HUD funded Public Housing Agency that serves Nashville is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Northrop 0 The HUD funded Public Housing Agency that serves Northrop is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Ormsby 0 The HUD funded Public Housing Agency that serves Ormsby is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Pleasant Prairie 0 The HUD funded Public Housing Agency that serves Pleasant Prairie is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Rolling Green 0 The HUD funded Public Housing Agency that serves Rolling Green is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Rutland 0 The HUD funded Public Housing Agency that serves Rutland is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Silver Lake 0 The HUD funded Public Housing Agency that serves Silver Lake is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Tenhassen 0 The HUD funded Public Housing Agency that serves Tenhassen is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Waverly 1 The HUD funded Public Housing Agency that serves Waverly is the South Central Minnesota Multi County Housing and Redevelopment Authority.
Westford 0 The HUD funded Public Housing Agency that serves Westford is the South Central Minnesota Multi County Housing and Redevelopment Authority.