Affordable Housing In Melrose
4 Low Income Apartment Communities In Melrose
Housing Authorities that serve Melrose
|Housing and Redevelopment Authority of the City of Melrose||Public Housing|
|Stearns County HRA||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Melrose, Minnesota
There are 4 low income housing apartment communities offering 95 affordable apartments for rent in Melrose, Minnesota.
Income Based Apartments in Melrose, Minnesota
Melrose features 71 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 Melrose, Minnesota
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Melrose.
Housing Choice Vouchers in Melrose, Minnesota
On average, Section 8 Housing Choice vouchers pay Melrose landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Melrose.
The maximum amount a voucher would pay on behalf of a low-income tenant in Melrose, Minnesota for a two-bedroom apartment is between $724 and $884.
2020 Melrose, Minnesota Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
|Studio||One BR||Two BR||Three BR||Four BR|
|Fair Market Rent||$605||$657||$804||$1,151||$1,370|
|Payment Standard Range||$545 to $666||$591 to $723||$724 to $884||$1,036 to $1,266||$1,233 to $1,507|
Sourced from federal housing data and AffordableHousingOnline.com research.
Melrose, MN Affordable Housing Snapshot
|Total Affordable Apartment Properties||4|
|Total Low Income Apartments||95|
|Total Housing Units with Rental Assistance||71|
|Percentage of Housing Units Occupied By Renters||23.85%|
|Average Renter Household Size||2.44|
|Average Household Size||2.62|
|Median Household Income||$39,359 ±$10,049|
|Median Rent||$790 ±$38|
|Percentage Of Renters Overburdened||53.75% ± 14.07pp|
Population and Household Demographics
Melrose is a city in Stearns County, Minnesota with a population of 3,604. There are 1,342 households in the city with an average household size of 2.62 persons. 23.85% of households in Melrose are renters.
Income and Rent Overburden in Melrose
The median gross income for households in Melrose is $39,359 a year, or $3,280 a month. The median rent for the city is $790 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Melrose, a household making less than $2,633 a month would be considered overburdened when renting an apartment at or above the median rent. 53.75% of households who rent are overburdened in Melrose.
Area Median Income In Melrose
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.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Melrose, the AMI is calculated from all households within Stearns County.
In Melrose, HUD calculates the Area Median Income for a family of four as $81,200
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 Melrose
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 HUD Rental Assistance in Melrose
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$17,050||$19,500||$21,950||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$28,450||$32,500||$36,550||$40,600||$43,850||$47,100||$50,350||$53,600|
|80% of Median||$45,500||$52,000||$58,500||$64,950||$70,150||$75,350||$80,550||$85,750|