Affordable Housing In Wabasha County
6 Low Income Apartment Communities In Wabasha County
Housing Authorities that serve Wabasha County
|Southeastern Minnesota Multi-County Housing and Redevelopment Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Wabasha County, Minnesota
There are 6 low income housing apartment communities offering 218 affordable apartments for rent in Wabasha County, Minnesota.
Income Based Apartments in Wabasha County, Minnesota
Wabasha County features 158 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 Wabasha County, Minnesota
There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wabasha County.
Housing Choice Vouchers in Wabasha County, Minnesota
On average, Section 8 Housing Choice vouchers pay Wabasha County landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Wabasha County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wabasha County, Minnesota for a two-bedroom apartment is between $695 and $849.
2020 Wabasha 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||$507||$650||$772||$1,114||$1,346|
|Payment Standard Range||$456 to $558||$585 to $715||$695 to $849||$1,003 to $1,225||$1,211 to $1,481|
Sourced from federal housing data and AffordableHousingOnline.com research.
Wabasha County, MN Affordable Housing Snapshot
|Total Affordable Apartment Properties||6|
|Total Low Income Apartments||218|
|Total Housing Units with Rental Assistance||158|
|Percentage of Housing Units Occupied By Renters||18.63%|
|Average Renter Household Size||1.98|
|Average Household Size||2.36|
|Median Household Income||$56,510 ±$1,667|
|Median Rent||$699 ±$57|
|Percentage Of Renters Overburdened||37.35% ± 5.32pp|
Population and Household Demographics
Wabasha County is a county in Minnesota with a population of 21,381. There are 8,953 households in the county with an average household size of 2.36 persons. 18.63% of households in Wabasha County are renters.
Income and Rent Overburden in Wabasha County
The median gross income for households in Wabasha County is $56,510 a year, or $4,709 a month. The median rent for the county is $699 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wabasha County, a household making less than $2,330 a month would be considered overburdened when renting an apartment at or above the median rent. 37.35% of households who rent are overburdened in Wabasha County.
Area Median Income In Wabasha 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 Wabasha County, HUD calculates the Area Median Income for a family of four as $77,600
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 Wabasha 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 HUD Rental Assistance in Wabasha County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$16,350||$18,650||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$27,200||$31,050||$34,950||$38,800||$41,950||$45,050||$48,150||$51,250|
|80% of Median||$43,500||$49,700||$55,900||$62,100||$67,100||$72,050||$77,050||$82,000|
Cities In Wabasha County
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