How many renters live in Menahga, Minnesota?
The City of Menahga has 1,218 people living in 490 households.
There are 286 renters living in 167 renter households in this City. Renters make up 23.48 percent of the population living in Menahga.
What is the rental market like in Menahga, Minnesota?
There are an estimated 567 housing units in the Menahga area. Of these, 175 units are rental homes, making up 31 percent of the housing market. For every renter household in Menahga, Minnesota, there are 1 rental units.
What is the vacancy rate for rentals in Menahga?
The rental vacancy rate in Menahga is 5 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 Menahga for each bedroom size?
Occupied Rental Units by Size in Menahga
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 16 | 68 | 41 | 42 | 0 |
Occupied Rental Units by Size in Menahga
A large number of apartments in Menahga 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 Menahga are overburdened by housing costs?
Among renter households in this market, 37 percent have housing cost burden. Further, 31 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 Menahga
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $660 to $1,297. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $660 |
| One BR | $756 |
| Two BR | $974 |
| Three BR | $1,178 |
| Four BR | $1,297 |
2024 Fair Market Rents in Menahga, Minnesota
How many units are rented at Fair Market Rent (FMR) in Menahga?
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 | 12 | 75 percent |
| One BR | 38 | 56 percent |
| Two BR | 27 | 66 percent |
Rental Units Below FMR in Menahga, Minnesota
How many affordable rental units are in Menahga?
There are a variety of federal affordable housing programs serving households in Menahga, Minnesota including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 29 |
| Section 8 Project-Based Rental Assistance | 30 |
| USDA Section 515 Rural Rental Housing | 18 |
Tracked Units by Federal Program in Menahga, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Menahga, Minnesota
Menahga features 48 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 Menahga, Minnesota
There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Menahga.
Housing Choice Vouchers in Menahga, Minnesota
On average, Section 8 Housing Choice vouchers pay Menahga landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Menahga.
The maximum amount a voucher would pay on behalf of a low-income tenant in Menahga, Minnesota for a two-bedroom apartment is between $877 and $1,071.
Sourced from federal housing data and AffordableHousingOnline.com research.
