How many renters live in Porter, Minnesota?
The City of Porter has people living in households.
There are renters living in renter households in this City. Renters make up 28.65 percent of the population living in Porter.
What is the rental market like in Porter, Minnesota?
There are an estimated housing units in the Porter area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Porter, Minnesota, there are 1.12 rental units.
What is the vacancy rate for rentals in Porter?
The rental vacancy rate in Porter is 11 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Porter for each bedroom size?
Occupied Rental Units by Size in Porter
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 13 | 9 | 2 | 10 |
Occupied Rental Units by Size in Porter
A large number of apartments in Porter 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 Porter
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,205. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $613 |
| One BR | $689 |
| Two BR | $905 |
| Three BR | $1,094 |
| Four BR | $1,205 |
2024 Fair Market Rents in Porter, Minnesota
How many units are rented at Fair Market Rent (FMR) in Porter?
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 |
| One BR | 13 | 100 percent |
| Two BR | 6 | 67 percent |
Rental Units Below FMR in Porter, Minnesota
How many affordable rental units are in Porter?
There are a variety of federal affordable housing programs serving households in Porter, Minnesota including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Porter, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Porter, Minnesota
Porter features 12 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 Porter, Minnesota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Porter.
Housing Choice Vouchers in Porter, Minnesota
On average, Section 8 Housing Choice vouchers pay Porter landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Porter.
The maximum amount a voucher would pay on behalf of a low-income tenant in Porter, Minnesota for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.