What HUD offices serve Oronoco, 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 Oronoco.
How many renters live in Oronoco, Minnesota?
The City of Oronoco has people living in households.
There are renters living in renter households in this City. Renters make up 1.65 percent of the population living in Oronoco.
What is the rental market like in Oronoco, Minnesota?
There are an estimated housing units in the Oronoco area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Oronoco, Minnesota, there are 1 rental units.
What is the vacancy rate for rentals in Oronoco?
The rental vacancy rate in Oronoco 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 Oronoco for each bedroom size?
Occupied Rental Units by Size in Oronoco
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 7 | 0 | 2 |
Occupied Rental Units by Size in Oronoco
A large number of apartments in Oronoco have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Oronoco
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $814 to $1,948. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $814 |
| One BR | $927 |
| Two BR | $1,148 |
| Three BR | $1,618 |
| Four BR | $1,948 |
2024 Fair Market Rents in Oronoco, Minnesota
How many units are rented at Fair Market Rent (FMR) in Oronoco?
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 |
| Two BR | 4 | 57 percent |
Rental Units Below FMR in Oronoco, Minnesota
How many affordable rental units are in Oronoco?
Income Based Apartments in Oronoco, Minnesota
Oronoco 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 Oronoco, Minnesota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oronoco.
Housing Choice Vouchers in Oronoco, Minnesota
On average, Section 8 Housing Choice vouchers pay Oronoco landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Oronoco.
The maximum amount a voucher would pay on behalf of a low-income tenant in Oronoco, Minnesota for a two-bedroom apartment is between $1,033 and $1,263.
Sourced from federal housing data and AffordableHousingOnline.com research.