Rice County, Minnesota Affordable Housing
Waiting Lists in Rice County, Minnesota
There is one Section 8 Housing Choice Voucher waiting list open in Rice County.
- Rice County, Minnesota is currently open for new Section 8 applications.
Go to the Minnesota Section 8 Waiting Lists page for more openings near Rice County.
Finding Affordable Housing in Rice County, Minnesota
There are 275 low-income apartments in Rice County that offer reduced rents to eligible households. Low-income rents in Rice County, Minnesota can range from $575 to $928 depending on the number of bedrooms.
Rental assistance programs support 662 low-income homes in Rice County where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $461 towards rent each month.
North and South Oak Apartments
Jefferson Square
Affordable Housing In Rice County
View affordable apartments and waiting lists in cities near Rice County
| City | Apartments |
|---|---|
| Faribault, MN | Affordable Housing programs support 21 apartment communities in Faribault. |
| Northfield, MN | Affordable Housing programs support 10 apartment communities in Northfield. |
| Lonsdale, MN | Affordable Housing programs support 3 apartment communities in Lonsdale. |
| Morristown, MN | Affordable Housing programs support 2 apartment communities in Morristown. |
Public Housing Agencies Serving Rice County, 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.
| Housing Authority | Programs |
|---|---|
| Rice County Housing and Redevelopment Authority | Section 8 Housing Choice Voucher (HCV) |
Rice County, Minnesota Affordable Housing Data
Income Based Apartments in Rice County, Minnesota
Rice County features 662 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 Rice County, Minnesota
There are 275 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rice County.
Housing Choice Vouchers in Rice County, Minnesota
On average, Section 8 Housing Choice vouchers pay Rice County landlords $500 per month towards rent. The average voucher holder contributes $500 towards rent in Rice County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rice County, Minnesota for a two-bedroom apartment is between $966 and $1,180.
2023 Rice 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 | |
|---|---|---|---|---|---|
| Rice County, Minnesota Fair Market Rent | $795 | $815 | $1,073 | $1,477 | $1,688 |
| Rice County, Minnesota Payment Standard Range | $716 to $875 | $734 to $897 | $966 to $1,180 | $1,329 to $1,625 | $1,519 to $1,857 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Rice County, MN Affordable Housing Snapshot
| Total Affordable Apartment Properties | 32 |
|---|---|
| Total Low Income Apartments | 937 |
| Total Housing Units with Rental Assistance | 662 |
| Percentage of Housing Units Occupied By Renters | 26.08% |
| Average Renter Household Size | 2.24 |
| Average Household Size | 2.50 |
| Median Household Income | $59,598 ±$2,035 |
| Median Rent | $722 ±$52 |
| Percentage Of Renters Overburdened | 42.79% ± 5.6pp |
| Total Population | 64,886 |
Population and Household Demographics
Rice County is a county in Minnesota with a population of 64,886. There are 22,532 households in the county with an average household size of 2.50 persons. 26.08% of households in Rice County are renters.
Income and Rent Overburden in Rice County
The median gross income for households in Rice County is $59,598 a year, or $4,967 a month. The median rent for the county is $722 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rice County, a household making less than $2,407 a month would be considered overburdened when renting an apartment at or above the median rent. 42.79% of households who rent are overburdened in Rice County.
Area Median Income In Rice 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 Rice County, HUD calculates the Area Median Income for a family of four as $100,600
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 Rice 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 Rice County
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Rice County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$20,300 | $23,200 | $26,100 | $29,000 | $32,470 | $37,190 | $41,910 | $46,630 |
| 50% AMI Income Limits Renters earning up to 50% of the Rice County AMI may qualify for rental assistance programs that target Very Low Income households. |
$33,850 | $38,700 | $43,550 | $48,350 | $52,250 | $56,100 | $60,000 | $63,850 |
| 80% AMI Income Limits Renters earning up to 80% of the Rice County AMI may qualify for rental assistance programs that target Low Income households. |
$54,150 | $61,900 | $69,650 | $77,350 | $83,550 | $89,750 | $95,950 | $102,150 |
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