Affordable Housing In Oak
Stearns County, Minnesota

Waiting Lists in Oak, Minnesota

There are no open Section 8 Housing Choice Voucher waiting lists in Oak. Go to the Minnesota Section 8 Waiting Lists page for openings near Oak.

Public Housing Agencies Serving Oak, 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.

Oak, Minnesota Affordable Housing Data

Income Based Apartments in Oak, Minnesota

Oak features 0 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 Oak, Minnesota

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oak.

Housing Choice Vouchers in Oak, Minnesota

On average, Section 8 Housing Choice vouchers pay Oak landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Oak.

The maximum amount a voucher would pay on behalf of a low-income tenant in Oak, Minnesota for a two-bedroom apartment is between $875 and $1,069.

2023 Oak, 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.

Sourced from federal housing data and AffordableHousingOnline.com research.

Oak, MN Affordable Housing Snapshot

Population and Household Demographics

Oak is a city in Stearns County, Minnesota with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Oak are renters.

Income and Rent Overburden in Oak

The median gross income for households in Oak is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Oak

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 Oak, the AMI is calculated from all households within Stearns County.

In Oak, HUD calculates the Area Median Income for a family of four as $88,500

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 Oak

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 Oak