Affordable Housing In Pipestone County
Minnesota

6 Low Income Apartment Communities In Pipestone County

Storybrook Apartments

405 2nd St NW
Pipestone, MN
Income Based
1-2 BR
55+
Subsidized

Whispering Winds Townhomes

610 5th St NW
Pipestone, MN
$605-645
2-3 BR
HCV Welcome

Storybrook Townhomes

715 4th St NW
Pipestone, MN
Income Based
2-3 BR
Subsidized

Clinic Apartments

100 Sherman Ave N
Jasper, MN
Subsidized

Nokomis Apartments

202 2nd Ave SW
Pipestone, MN

Quarry Apartments

217 1st St E
Jasper, MN
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Other Housing Authorities located in Pipestone County

Housing Authority Programs
Housing and Redevelopment Authority of Pipestone Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Pipestone County, Minnesota

There are 6 low income housing apartment communities offering 191 affordable apartments for rent in Pipestone County, Minnesota. Pipestone County features 163 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 28 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Pipestone County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Pipestone County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 191
Total Housing Units with Rental Assistance 163
Percentage of Housing Units Occupied By Renters 25.63%
Average Renter Household Size 2.02
Average Household Size 2.30
Median Household Income $46,990 ±$2,056
Median Rent $546 ±$50
Percentage Of Renters Overburdened 36.37% ± 6.59pp
Total Population 9,354

Population and Household Demographics

Pipestone County is a County in Minnesota with a population of 9,354. There are 3,980 households in the county with an average household size of 2.30 persons. 25.63% of households in Pipestone County are renters.

Income and Rent Overburden in Pipestone County

The median gross income for households in Pipestone County is $46,990 a year, or $3,916 a month. The median rent for the county is $546 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pipestone County, a household making less than $1,820 a month would be considered overburdened when renting an apartment at or above the median rent. 36.37% of households who rent are overburdened in Pipestone County.1

Area Median Income In Pipestone 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 Pipestone County, HUD calculates the Area Median Income for a family of four as $63,800

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 Pipestone 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 Pipestone County HUD Rental Assistance in Pipestone County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,200 $17,400 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
80% of Median $40,550 $46,350 $52,150 $57,900 $62,550 $67,200 $71,800 $76,450
Low Income Housing Tax Credits in Pipestone County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2001 to 2001, 1 low income apartment communities containing 20 rental apartments have been constructed and made affordable to low income persons in Pipestone County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Pipestone County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
60% of Median $30,420 $34,800 $39,120 $43,440 $46,920 $50,400 $53,880 $57,360

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Pipestone County is $39,120 a year, or $3,260 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,260 by 30% to get a maximum rent of $978 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $634 $679 $815 $941 $1,050 $1,159
60% $761 $815 $978 $1,130 $1,260 $1,391
Fair Market Rents in Pipestone County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$471 $596 $714 $964 $967

Cities In Pipestone County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Pipestone 4 The HUD funded Public Housing Agency that serves Pipestone is the Housing and Redevelopment Authority of Pipestone .
Jasper 2
Aetna 0
Altona 0
Burke 0
Eden Township 0
Edgerton 0
Elmer 0
Fountain Prairie 0
Grange 0
Gray 0
Hatfield 0
Holland 0
Ihlen 0
Osborne 0
Rock 0
Ruthton 0
Sweet 0
Trosky 0
Troy 0
Woodstock 0