Affordable Housing In Sibley County
7 Low Income Apartment Communities In Sibley County
Housing Authorities that serve Sibley County
|South Central Minnesota Multi County Housing and Redevelopment Authority||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Sibley County, Minnesota
There are 7 low income housing apartment communities offering 162 affordable apartments for rent in Sibley County, Minnesota.
Income Based Apartments in Sibley County, Minnesota
Sibley County features 122 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 Sibley County, Minnesota
There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sibley County.
Housing Choice Vouchers in Sibley County, Minnesota
On average, Section 8 Housing Choice vouchers pay Sibley County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Sibley County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sibley County, Minnesota for a two-bedroom apartment is between $707 and $864.
2020 Sibley 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|
|Fair Market Rent||$531||$621||$785||$1,052||$1,167|
|Payment Standard Range||$478 to $584||$559 to $683||$707 to $864||$947 to $1,157||$1,050 to $1,284|
Sourced from federal housing data and AffordableHousingOnline.com research.
Sibley County, MN Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||162|
|Total Housing Units with Rental Assistance||122|
|Percentage of Housing Units Occupied By Renters||21.32%|
|Average Renter Household Size||2.34|
|Average Household Size||2.46|
|Median Household Income||$56,990 ±$2,491|
|Median Rent||$630 ±$36|
|Percentage Of Renters Overburdened||31.98% ± 5.65pp|
Population and Household Demographics
Sibley County is a County in Minnesota with a population of 15,021. There are 6,014 households in the county with an average household size of 2.46 persons. 21.32% of households in Sibley County are renters.
Income and Rent Overburden in Sibley County
The median gross income for households in Sibley County is $56,990 a year, or $4,749 a month. The median rent for the county is $630 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sibley County, a household making less than $2,100 a month would be considered overburdened when renting an apartment at or above the median rent. 31.98% of households who rent are overburdened in Sibley County.1
Area Median Income In Sibley 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 Sibley County, HUD calculates the Area Median Income for a family of four as $73,800
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 Sibley 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 Sibley County HUD Rental Assistance in Sibley County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$15,550||$17,750||$21,330||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$25,850||$29,550||$33,250||$36,900||$39,900||$42,850||$45,800||$48,750|
|80% of Median||$41,350||$47,250||$53,150||$59,050||$63,800||$68,500||$73,250||$77,950|
Cities In Sibley County
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