What HUD offices serve Milaca, 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 Milaca.
How many renters live in Milaca, Minnesota?
The City of Milaca has 3,031 people living in 1,533 households.
There are 975 renters living in 649 renter households in this City. Renters make up 32.17 percent of the population living in Milaca.
What is the rental market like in Milaca, Minnesota?
There are an estimated 1,614 housing units in the Milaca area. Of these, 675 units are rental homes, making up 42 percent of the housing market. For every renter household in Milaca, Minnesota, there are 1 rental units.
What is the vacancy rate for rentals in Milaca?
The rental vacancy rate in Milaca is 0 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 Milaca for each bedroom size?
Occupied Rental Units by Size in Milaca
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 35 | 274 | 278 | 51 | 0 |
Occupied Rental Units by Size in Milaca
A large number of apartments in Milaca 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 Milaca are overburdened by housing costs?
Among renter households in this market, 48 percent have housing cost burden. Further, 27 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 Milaca
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $855 to $1,919. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $855 |
| One BR | $861 |
| Two BR | $1,131 |
| Three BR | $1,440 |
| Four BR | $1,919 |
2024 Fair Market Rents in Milaca, Minnesota
How many units are rented at Fair Market Rent (FMR) in Milaca?
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 | 22 | 63 percent |
| One BR | 174 | 64 percent |
| Two BR | 227 | 82 percent |
Rental Units Below FMR in Milaca, Minnesota
How many affordable rental units are in Milaca?
There are a variety of federal affordable housing programs serving households in Milaca, Minnesota including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 24 |
| Section 8 Project-Based Rental Assistance | 139 |
| USDA Section 515 Rural Rental Housing | 54 |
Tracked Units by Federal Program in Milaca, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Milaca, Minnesota
Milaca features 201 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 Milaca, Minnesota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Milaca.
Housing Choice Vouchers in Milaca, Minnesota
On average, Section 8 Housing Choice vouchers pay Milaca landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Milaca.
The maximum amount a voucher would pay on behalf of a low-income tenant in Milaca, Minnesota for a two-bedroom apartment is between $1,018 and $1,244.
Sourced from federal housing data and AffordableHousingOnline.com research.
