Affordable Housing Online is monitoring the federal government's response to the coronavirus disease (COVID-19) outbreak. 

An extensive list of coronavirus resources for low-income households can be found here.

Affordable Housing In Two Harbors
Lake County, Minnesota

3 Low Income Apartment Communities In Two Harbors

Rustic Creek Townhomes

1425 9th Ave
Two Harbors, Minnesota
2-3 BR

Harbor Point

101 3rd Ave
Two Harbors, Minnesota
Call For Rent
1-2 BR

Two Harbors Hra

505 1st Ave
Two Harbors, Minnesota
  • «
  • 1
  • »

Housing Authorities that serve Two Harbors

Housing Authority Programs
Housing and Redevelopment Authority of Two Harbors Minnesota Public Housing

Guide To Affordable Housing in Two Harbors, Minnesota

There are 3 low income housing apartment communities offering 141 affordable apartments for rent in Two Harbors, Minnesota.

Income Based Apartments in Two Harbors, Minnesota

Two Harbors features 141 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 Two Harbors, Minnesota

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

Housing Choice Vouchers in Two Harbors, Minnesota

On average, Section 8 Housing Choice vouchers pay Two Harbors landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Two Harbors.

The maximum amount a voucher would pay on behalf of a low-income tenant in Two Harbors, Minnesota for a two-bedroom apartment is between $691 and $845.

2020 Two Harbors, 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 $506 $589 $768 $1,078 $1,082
Payment Standard Range $455 to $557 $530 to $648 $691 to $845 $970 to $1,186 $974 to $1,190

Sourced from federal housing data and research.

Two Harbors, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 141
Total Housing Units with Rental Assistance 141
Percentage of Housing Units Occupied By Renters 39.66%
Average Renter Household Size 1.73
Average Household Size 2.05
Median Household Income $41,117 ±$7,359
Median Rent $673 ±$73
Percentage Of Renters Overburdened 36.85% ± 11.46pp
Total Population 3,643

Population and Household Demographics

Two Harbors is a city in Lake County, Minnesota with a population of 3,643. There are 1,697 households in the city with an average household size of 2.05 persons. 39.66% of households in Two Harbors are renters.

Income and Rent Overburden in Two Harbors

The median gross income for households in Two Harbors is $41,117 a year, or $3,426 a month. The median rent for the city is $673 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Two Harbors, a household making less than $2,243 a month would be considered overburdened when renting an apartment at or above the median rent. 36.85% of households who rent are overburdened in Two Harbors.

Area Median Income In Two Harbors

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 Two Harbors, the AMI is calculated from all households within Lake County.

In Two Harbors, HUD calculates the Area Median Income for a family of four as $73,900

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 Two Harbors

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 Two Harbors

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,550 $17,750 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $25,900 $29,600 $33,300 $36,950 $39,950 $42,900 $45,850 $48,800
80% of Median $41,400 $47,300 $53,200 $59,100 $63,850 $68,600 $73,300 $78,050