Affordable Housing In Nicollet County
11 Low Income Apartment Communities In Nicollet County
Housing Authorities that serve Nicollet County
|South Central Minnesota Multi County Housing and Redevelopment Authority||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Nicollet County, Minnesota
There are 11 low income housing apartment communities offering 427 affordable apartments for rent in Nicollet County, Minnesota.
Income Based Apartments in Nicollet County, Minnesota
Nicollet County features 196 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 Nicollet County, Minnesota
There are 231 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Nicollet County.
Housing Choice Vouchers in Nicollet County, Minnesota
On average, Section 8 Housing Choice vouchers pay Nicollet County landlords $400 per month towards rent. The average voucher holder contributes $400 towards rent in Nicollet County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Nicollet County, Minnesota for a two-bedroom apartment is between $828 and $1,012.
2020 Nicollet 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||$612||$704||$920||$1,299||$1,615|
|Payment Standard Range||$551 to $673||$634 to $774||$828 to $1,012||$1,169 to $1,429||$1,454 to $1,777|
Sourced from federal housing data and AffordableHousingOnline.com research.
Nicollet County, MN Affordable Housing Snapshot
|Total Affordable Apartment Properties||11|
|Total Low Income Apartments||427|
|Total Housing Units with Rental Assistance||196|
|Percentage of Housing Units Occupied By Renters||27.04%|
|Average Renter Household Size||2.03|
|Average Household Size||2.39|
|Median Household Income||$58,640 ±$2,676|
|Median Rent||$757 ±$40|
|Percentage Of Renters Overburdened||40.82% ± 6.49pp|
Population and Household Demographics
Nicollet County is a county in Minnesota with a population of 33,086. There are 12,629 households in the county with an average household size of 2.39 persons. 27.04% of households in Nicollet County are renters.
Income and Rent Overburden in Nicollet County
The median gross income for households in Nicollet County is $58,640 a year, or $4,887 a month. The median rent for the county is $757 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Nicollet County, a household making less than $2,523 a month would be considered overburdened when renting an apartment at or above the median rent. 40.82% of households who rent are overburdened in Nicollet County.
Area Median Income In Nicollet 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 Nicollet County, HUD calculates the Area Median Income for a family of four as $86,200
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 Nicollet 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 Nicollet County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$17,800||$20,350||$22,900||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$29,650||$33,900||$38,150||$42,350||$45,750||$49,150||$52,550||$55,950|
|80% of Median||$47,450||$54,200||$61,000||$67,750||$73,200||$78,600||$84,050||$89,450|
Cities In Nicollet County
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