Affordable Housing In Sherburne County

15 Low Income Apartment Communities In Sherburne County

Woodview Apartments

13120 Woodview Ln
Zimmerman, MN
2-3 BR

Meadow View Townhomes

26095 13th St W
Zimmerman, MN
2-3 BR
HCV Welcome

Elk Ridge Manor

847 Freeport Ave
Elk River, MN
1-3 BR

Zimmerman Terrace

859 East Blvd.
Zimmerman, MN
1 BR
Market Rate

Clearview Apartments

7825 Church St
Clear Lake, MN
1-2 BR
Disabled Supportive Housing

The Highlands

2015 27th St SE
Saint Cloud, MN
1-3 BR
HCV Welcome

Jackson Place

300 Jackson Place NW
Elk River, MN
Income Based
1 BR
HCV Welcome

Coachman Ridge Apartments

17250 Twin Lake Rd NW
Elk River, MN
Call For Rent
1-3 BR
HCV Welcome

Elk Terrace Senior Apartments

385 Holt Ave NW
Elk River, MN
Income Based
1-2 BR

Pine Cone Manor

12612 3rd Ave S
Zimmerman, MN
Elderly Supportive Housing

Guide To Affordable Housing in Sherburne County, Minnesota

There are 15 low income housing apartment communities offering 671 affordable apartments for rent in Sherburne County, Minnesota. Sherburne County features 247 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 325 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Sherburne County.

Sourced from federal housing data and research.

Sherburne County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 15
Total Low Income Apartments 671
Total Housing Units with Rental Assistance 247
Percentage of Housing Units Occupied By Renters 19.14%
Average Renter Household Size 2.60
Average Household Size 2.89
Median Household Income $74,170 ±$2,579
Median Rent $925 ±$47
Percentage Of Renters Overburdened 50.04% ± 6.24pp
Total Population 90,401

Population and Household Demographics

Sherburne County is a County in Minnesota with a population of 90,401. There are 30,574 households in the county with an average household size of 2.89 persons. 19.14% of households in Sherburne County are renters.

Income and Rent Overburden in Sherburne County

The median gross income for households in Sherburne County is $74,170 a year, or $6,181 a month. The median rent for the county is $925 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sherburne County, a household making less than $3,083 a month would be considered overburdened when renting an apartment at or above the median rent. 50.04% of households who rent are overburdened in Sherburne County.1

Area Median Income In Sherburne 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 Sherburne County, HUD calculates the Area Median Income for a family of four as $100,000

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 Sherburne 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 Sherburne County HUD Rental Assistance in Sherburne County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $21,000 $24,000 $27,000 $30,000 $32,400 $34,800 $39,010 $43,430
50% of Median $35,000 $40,000 $45,000 $50,000 $54,000 $58,000 $62,000 $66,000
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700
Low Income Housing Tax Credits in Sherburne County

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

From 1987 to 2007, 10 low income apartment communities containing 379 rental apartments have been constructed and made affordable to low income persons in Sherburne 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 Sherburne County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $35,000 $40,000 $45,000 $50,000 $54,000 $58,000 $62,000 $66,000
60% of Median $42,000 $48,000 $54,000 $60,000 $64,800 $69,600 $74,400 $79,200

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 Sherburne County is $54,000 a year, or $4,500 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,500 by 30% to get a maximum rent of $1,350 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% $875 $938 $1,125 $1,300 $1,450 $1,600
60% $1,050 $1,125 $1,350 $1,560 $1,740 $1,920
Fair Market Rents in Sherburne 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
$820 $971 $1,214 $1,722 $2,025

Cities In Sherburne County

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

City Listings Served By
Elk River 9
Clear Lake 1
Zimmerman 4
Becker 0
Baldwin 0
Beckership 0
Big Lake 0
Big Lakeship 0
Blue Hill 0
Clear Lakeship 0
Haven 0
Livonia 0
Orrock 0
Palmer 0
Santiago 0
Saint Cloud 30 The HUD funded Public Housing Agency that serves Saint Cloud is the St. Cloud Housing and Redevelopment Authority.