Affordable Housing In Wilkin County

6 Low Income Apartment Communities In Wilkin County

York Manor Apartments

415 5th Street South
Breckenridge, MN
1-2 BR

York Apartments

405 South 9th Street
Breckenridge, MN
2 BR

Appletree Court

601 Oak St
Breckenridge, MN
Elderly Supportive Housing

Park Manor Scattered

200 Park Ave
Breckenridge, MN

Village Green Apartments

526 1st St
Wolverton, MN

Ridgeview Townhomes

410 10th St S
Breckenridge, MN
HCV Welcome
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Other Housing Authorities located in Wilkin County

Housing Authority Programs
Housing and Redevelopment Authority of Breckenridge Public Housing

Guide To Affordable Housing in Wilkin County, Minnesota

According to federal housing data and research, there are 6 low income housing apartment communities offering 192 affordable apartments for rent in Wilkin County, Minnesota. Wilkin County features 156 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 36 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Wilkin County.

Wilkin County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 192
Total Housing Units with Rental Assistance 156
Percentage of Housing Units Occupied By Renters 24.5%
Average Renter Household Size 1.74
Average Household Size 2.29
Median Household Income $51,476 ±$3,286
Median Rent $437 ±$85
Percentage Of Renters Overburdened 23.97% ± 7.45pp
Total Population 6,526

Population and Household Demographics

Wilkin County is a County in Minnesota with a population of 6,526. There are 2,776 households in the county with an average household size of 2.29 persons. 24.5% of households in Wilkin County are renters.

Income and Rent Overburden in Wilkin County

The median gross income for households in Wilkin County is $51,476 a year, or $4,290 a month. The median rent for the county is $437 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wilkin County, a household making less than $1,457 a month would be considered overburdened when renting an apartment at or above the median rent. 23.97% of households who rent are overburdened in Wilkin County.1

Area Median Income In Wilkin 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 Wilkin County, HUD calculates the Area Median Income for a family of four as $69,600

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 Wilkin 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 Wilkin County HUD Rental Assistance in Wilkin County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,200 $17,400 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
80% of Median $40,550 $46,350 $52,150 $57,900 $62,550 $67,200 $71,800 $76,450
Low Income Housing Tax Credits in Wilkin County

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

From 1998 to 1998, 1 low income apartment communities containing 11 rental apartments have been constructed and made affordable to low income persons in Wilkin 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 Wilkin County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
60% of Median $30,420 $34,800 $39,120 $43,440 $46,920 $50,400 $53,880 $57,360

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 Wilkin County is $39,120 a year, or $3,260 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,260 by 30% to get a maximum rent of $978 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% $634 $679 $815 $941 $1,050 $1,159
60% $761 $815 $978 $1,130 $1,260 $1,391
Fair Market Rents in Wilkin 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
$471 $563 $714 $1,030 $1,254

Cities In Wilkin County

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

City Listings Served By
Breckenridge 5 The HUD funded Public Housing Agency that serves Breckenridge is the Housing and Redevelopment Authority of Breckenridge.
Wolverton 1
Akron 0
Andrea 0
Atherton 0
Bradford 0
Brandrup 0
Breckenridgeship 0
Campbell 0
Campbellship 0
Champion 0
Connelly 0
Deerhorn 0
Doran 0
Foxhome 0
Foxhomeship 0
Kent 0
McCauleyville 0
Manston 0
Meadows 0
Mitchell 0
Nashua 0
Nilsen 0
Nordick 0
Prairie View 0
Roberts 0
Sunnyside 0
Tanberg 0
Tenney 0
Wolvertonship 0