Affordable Housing In Richmond
Stearns County, Minnesota

Affordable Housing programs support 36 income based apartments in Richmond where households pay rent based on how much they earn.

There are 0 affordable apartments in Richmond that offer reduced rents to low-income households.

Waiting Lists in Richmond, Minnesota

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

Maple Apartments

487/488 1st St NE
Richmond, Minnesota
$505-565
2 BR
Rent Assisted

Richhaven Apts

120 First St Ne
Richmond, Minnesota
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Affordable Housing Near Richmond

View affordable apartments and waiting lists in cities near Richmond

City Apartments
Affordable Housing In Albany, MN Affordable Housing programs support 3 apartment communities in Albany.
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Affordable Housing In Melrose, MN Affordable Housing programs support 4 apartment communities in Melrose.
Affordable Housing In Paynesville, MN Affordable Housing programs support 2 apartment communities in Paynesville.
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Affordable Housing In Saint Cloud, MN Affordable Housing programs support 32 apartment communities in Saint Cloud.
Affordable Housing In Sartell, MN Affordable Housing programs support 4 apartment communities in Sartell.
Affordable Housing In Sauk Centre, MN Affordable Housing programs support 6 apartment communities in Sauk Centre.
Affordable Housing In St Joseph, MN Affordable Housing programs support 3 apartment communities in St Joseph.
Affordable Housing In St Martin, MN Affordable Housing programs support 1 apartment communities in St Martin.
Affordable Housing In St. Cloud, MN Affordable Housing programs support 1 apartment communities in St. Cloud.
Affordable Housing In Waite Park, MN Affordable Housing programs support 1 apartment communities in Waite Park.

Public Housing Agencies Serving Richmond, 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.

Waiting lists for project-based assistance, like the Public Housing program, are open:

Housing Authority Programs
Stearns County HRA Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Minnesota Public Housing and Low-Income Apartments Waiting Lists page for openings near Richmond.

Richmond, Minnesota Affordable Housing Data

Income Based Apartments in Richmond, Minnesota

Richmond features 36 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 Richmond, Minnesota

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

Housing Choice Vouchers in Richmond, Minnesota

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

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

2023 Richmond, 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
Richmond, Minnesota Fair Market Rent $754 $781 $972 $1,309 $1,552
Richmond, Minnesota Payment Standard Range $679 to $829 $703 to $859 $875 to $1,069 $1,178 to $1,440 $1,397 to $1,707

Sourced from federal housing data and AffordableHousingOnline.com research.

Richmond, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 36
Total Housing Units with Rental Assistance 36
Percentage of Housing Units Occupied By Renters 16.2%
Average Renter Household Size 1.65
Average Household Size 2.32
Median Household Income $50,606 ±$3,893
Median Rent $572 ±$79
Percentage Of Renters Overburdened 14.42% ± 17.7pp
Total Population 1,498

Population and Household Demographics

Richmond is a city in Stearns County, Minnesota with a population of 1,498. There are 642 households in the city with an average household size of 2.32 persons. 16.2% of households in Richmond are renters.

Income and Rent Overburden in Richmond

The median gross income for households in Richmond is $50,606 a year, or $4,217 a month. The median rent for the city is $572 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Richmond, a household making less than $1,907 a month would be considered overburdened when renting an apartment at or above the median rent. 14.42% of households who rent are overburdened in Richmond.

Area Median Income In Richmond

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

In Richmond, 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 Richmond

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 Richmond

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 Richmond AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,550 $21,200 $23,850 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Richmond AMI may qualify for rental assistance programs that target Very Low Income households.
$30,950 $35,350 $39,750 $44,150 $47,700 $51,250 $54,750 $58,300
80% AMI Income Limits
Renters earning up to 80% of the Richmond AMI may qualify for rental assistance programs that target Low Income households.
$49,500 $56,550 $63,600 $70,650 $76,350 $82,000 $87,650 $93,300