What HUD offices serve McLeod County, 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 McLeod County.
How many renters live in McLeod County, Minnesota?
The County of McLeod County has 36,727 people living in 14,825 households.
There are 6,554 renters living in 3,434 renter households in this County. Renters make up 17.85 percent of the population living in McLeod County.
What is the rental market like in McLeod County, Minnesota?
There are an estimated 15,869 housing units in the McLeod County area. Of these, 3,650 units are rental homes, making up 23 percent of the housing market. For every renter household in McLeod County, Minnesota, there are 1 rental units.
What is the vacancy rate for rentals in McLeod County?
The rental vacancy rate in McLeod County is 6 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 McLeod County for each bedroom size?
Occupied Rental Units by Size in McLeod County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 230 | 821 | 1,764 | 470 | 139 |
Occupied Rental Units by Size in McLeod County
A large number of apartments in McLeod County 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 McLeod County are overburdened by housing costs?
Among renter households in this market, 36 percent have housing cost burden. Further, 18 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 McLeod County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $732 to $1,634. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $732 |
| One BR | $737 |
| Two BR | $963 |
| Three BR | $1,331 |
| Four BR | $1,634 |
2024 Fair Market Rents in McLeod County, Minnesota
How many units are rented at Fair Market Rent (FMR) in McLeod County?
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 | 95 | 41 percent |
| One BR | 473 | 58 percent |
| Two BR | 1,090 | 62 percent |
Rental Units Below FMR in McLeod County, Minnesota
How many affordable rental units are in McLeod County?
There are a variety of federal affordable housing programs serving households in McLeod County, Minnesota including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 84 |
| Section 8 Project-Based Rental Assistance | 356 |
| USDA Section 515 Rural Rental Housing | 162 |
Tracked Units by Federal Program in McLeod County, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in McLeod County, Minnesota
McLeod County features 512 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 McLeod County, Minnesota
There are 62 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in McLeod County.
Housing Choice Vouchers in McLeod County, Minnesota
On average, Section 8 Housing Choice vouchers pay McLeod County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in McLeod County.
The maximum amount a voucher would pay on behalf of a low-income tenant in McLeod County, Minnesota for a two-bedroom apartment is between $867 and $1,059.
Sourced from federal housing data and AffordableHousingOnline.com research.
