How many renters live in Taylors Falls, Minnesota?
The City of Taylors Falls has people living in households.
There are renters living in renter households in this City. Renters make up 18.21 percent of the population living in Taylors Falls.
What is the rental market like in Taylors Falls, Minnesota?
There are an estimated housing units in the Taylors Falls area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Taylors Falls, Minnesota, there are 1.08 rental units.
What is the vacancy rate for rentals in Taylors Falls?
The rental vacancy rate in Taylors Falls 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 Taylors Falls for each bedroom size?
Occupied Rental Units by Size in Taylors Falls
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 38 | 50 | 22 | 5 |
Occupied Rental Units by Size in Taylors Falls
A large number of apartments in Taylors Falls have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Taylors Falls
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,174 to $2,478. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,174 |
| One BR | $1,327 |
| Two BR | $1,622 |
| Three BR | $2,188 |
| Four BR | $2,478 |
2024 Fair Market Rents in Taylors Falls, Minnesota
How many units are rented at Fair Market Rent (FMR) in Taylors Falls?
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 | 25 | 66 percent |
| Two BR | 50 | 100 percent |
Rental Units Below FMR in Taylors Falls, Minnesota
How many affordable rental units are in Taylors Falls?
There are a variety of federal affordable housing programs serving households in Taylors Falls, Minnesota including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit |
Tracked Units by Federal Program in Taylors Falls, Minnesota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Taylors Falls, Minnesota
Taylors Falls features 0 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 Taylors Falls, Minnesota
There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Taylors Falls.
Housing Choice Vouchers in Taylors Falls, Minnesota
On average, Section 8 Housing Choice vouchers pay Taylors Falls landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Taylors Falls.
The maximum amount a voucher would pay on behalf of a low-income tenant in Taylors Falls, Minnesota for a two-bedroom apartment is between $1,460 and $1,784.
Sourced from federal housing data and AffordableHousingOnline.com research.