What HUD offices serve Sherburn, 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 Sherburn.
How many renters live in Sherburn, Minnesota?
The City of Sherburn has 1,035 people living in 415 households.
There are 238 renters living in 99 renter households in this City. Renters make up 23 percent of the population living in Sherburn.
What is the rental market like in Sherburn, Minnesota?
There are an estimated 491 housing units in the Sherburn area. Of these, 107 units are rental homes, making up 22 percent of the housing market. For every renter household in Sherburn, Minnesota, there are 1 rental units.
What is the vacancy rate for rentals in Sherburn?
The rental vacancy rate in Sherburn is 7 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 Sherburn for each bedroom size?
Occupied Rental Units by Size in Sherburn
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 16 | 55 | 20 | 8 |
Occupied Rental Units by Size in Sherburn
A large number of apartments in Sherburn have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Sherburn are overburdened by housing costs?
Among renter households in this market, 22 percent have housing cost burden. Further, 6 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Sherburn
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $624 to $1,225. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $624 |
| One BR | $700 |
| Two BR | $920 |
| Three BR | $1,221 |
| Four BR | $1,225 |
2024 Fair Market Rents in Sherburn, Minnesota
How many units are rented at Fair Market Rent (FMR) in Sherburn?
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 | 5 | 31 percent |
| Two BR | 47 | 85 percent |
Rental Units Below FMR in Sherburn, Minnesota
How many affordable rental units are in Sherburn?
Income Based Apartments in Sherburn, Minnesota
Sherburn features 16 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 Sherburn, Minnesota
There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sherburn.
Housing Choice Vouchers in Sherburn, Minnesota
On average, Section 8 Housing Choice vouchers pay Sherburn landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Sherburn.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sherburn, Minnesota for a two-bedroom apartment is between $828 and $1,012.
Sourced from federal housing data and AffordableHousingOnline.com research.
