Affordable Housing In Mille Lacs County
23 Low Income Apartment Communities In Mille Lacs County
Guide To Affordable Housing in Mille Lacs County, Minnesota
There are 23 low income housing apartment communities offering 583 affordable apartments for rent in Mille Lacs County, Minnesota.
Income Based Apartments in Mille Lacs County, Minnesota
Mille Lacs County features 372 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 Mille Lacs County, Minnesota
There are 211 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mille Lacs County.
Housing Choice Vouchers in Mille Lacs County, Minnesota
On average, Section 8 Housing Choice vouchers pay Mille Lacs County landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Mille Lacs County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mille Lacs County, Minnesota for a two-bedroom apartment is between $811 and $991.
2020 Mille Lacs County, 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||$587||$684||$901||$1,297||$1,412|
|Payment Standard Range||$528 to $646||$616 to $752||$811 to $991||$1,167 to $1,427||$1,271 to $1,553|
Sourced from federal housing data and AffordableHousingOnline.com research.
Mille Lacs County, MN Affordable Housing Snapshot
|Total Affordable Apartment Properties||23|
|Total Low Income Apartments||583|
|Total Housing Units with Rental Assistance||372|
|Percentage of Housing Units Occupied By Renters||26.29%|
|Average Renter Household Size||2.35|
|Average Household Size||2.52|
|Median Household Income||$49,094 ±$2,433|
|Median Rent||$734 ±$33|
|Percentage Of Renters Overburdened||42.33% ± 7.44pp|
Population and Household Demographics
Mille Lacs County is a county in Minnesota with a population of 25,809. There are 10,046 households in the county with an average household size of 2.52 persons. 26.29% of households in Mille Lacs County are renters.
Income and Rent Overburden in Mille Lacs County
The median gross income for households in Mille Lacs County is $49,094 a year, or $4,091 a month. The median rent for the county is $734 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mille Lacs County, a household making less than $2,447 a month would be considered overburdened when renting an apartment at or above the median rent. 42.33% of households who rent are overburdened in Mille Lacs County.
Area Median Income In Mille Lacs 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 Mille Lacs County, HUD calculates the Area Median Income for a family of four as $65,200
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 Mille Lacs 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 HUD Rental Assistance in Mille Lacs County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$15,300||$17,450||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$25,450||$29,050||$32,700||$36,300||$39,250||$42,150||$45,050||$47,950|
|80% of Median||$40,700||$46,500||$52,300||$58,100||$62,750||$67,400||$72,050||$76,700|
Cities In Mille Lacs County
Select A City to View its Apartment Communities and Waiting Lists.
|Princeton||The HUD funded Public Housing Agency that serves Princeton is the Housing and Redevelopment Authority of Princeton Minnesota.|