Affordable Housing In Moorhead
15 Low Income Apartment Communities In Moorhead
Housing Authorities that serve Moorhead
|Moorhead Public Housing Agency||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Clay County Housing and Redevelopment Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Moorhead, Minnesota
There are 15 low income housing apartment communities offering 728 affordable apartments for rent in Moorhead, Minnesota.
Income Based Apartments in Moorhead, Minnesota
Moorhead features 435 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 Moorhead, Minnesota
There are 293 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Moorhead.
Housing Choice Vouchers in Moorhead, Minnesota
On average, Section 8 Housing Choice vouchers pay Moorhead landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Moorhead.
The maximum amount a voucher would pay on behalf of a low-income tenant in Moorhead, Minnesota for a two-bedroom apartment is between $751 and $917.
2020 Moorhead, 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||$555||$676||$834||$1,203||$1,464|
|Payment Standard Range||$500 to $611||$608 to $744||$751 to $917||$1,083 to $1,323||$1,318 to $1,610|
Sourced from federal housing data and AffordableHousingOnline.com research.
Moorhead, MN Affordable Housing Snapshot
|Total Affordable Apartment Properties||15|
|Total Low Income Apartments||728|
|Total Housing Units with Rental Assistance||435|
|Percentage of Housing Units Occupied By Renters||36.55%|
|Average Renter Household Size||2.09|
|Average Household Size||2.45|
|Median Household Income||$53,360 ±$4,221|
|Median Rent||$728 ±$21|
|Percentage Of Renters Overburdened||52.89% ± 5.82pp|
Population and Household Demographics
Moorhead is a city in Clay County, Minnesota with a population of 40,935. There are 15,131 households in the city with an average household size of 2.45 persons. 36.55% of households in Moorhead are renters.
Income and Rent Overburden in Moorhead
The median gross income for households in Moorhead is $53,360 a year, or $4,447 a month. The median rent for the city is $728 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Moorhead, a household making less than $2,427 a month would be considered overburdened when renting an apartment at or above the median rent. 52.89% of households who rent are overburdened in Moorhead.
Area Median Income In Moorhead
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 Moorhead, the AMI is calculated from all households within Clay County.
In Moorhead, HUD calculates the Area Median Income for a family of four as $84,100
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 Moorhead
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 Moorhead
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$17,700||$20,200||$22,750||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$29,450||$33,650||$37,850||$42,050||$45,450||$48,800||$52,150||$55,550|
|80% of Median||$47,150||$53,850||$60,600||$67,300||$72,700||$78,100||$83,500||$88,850|