Affordable Housing In Wright County

46 Low Income Apartment Communities In Wright County

Hillside Terrace

207 E 7th Street
Monticello, MN
1-3 BR

Pheasant Ridge

5331 Barthel Industrial Dr NE
Albertville, MN
1-3 BR
HCV Welcome

Barrington Apartments

103 14th St NE
Buffalo, MN
Call For Rent
1-2 BR

Golf View Apartments

185 Sunset Ave NW
Cokato, MN
Income Based
1-3 BR

The Willows

1330 Timber Lane
Buffalo, MN
2-3 BR
HCV Welcome

Cokato Parkview Apartments

260 3rd St SW
Cokato, MN
1-3 BR

Annandale Square II Apartments

321 Knollwood Street W
Annandale, MN
1 BR

Annandale Square Apartments - I

313 Knollwood St W
Annandale, MN
1-3 BR

Maple Dell Apartments

1406 2nd Ave S
Buffalo, MN
1-2 BR

Knollwood Square Apartments

421 Knollwood St W
Annandale, MN
1-2 BR
HCV Welcome

Other Housing Authorities located in Wright County

Housing Authority Programs
Housing and Redevelopment Authority of Delano Public Housing

Guide To Affordable Housing in Wright County, Minnesota

There are 46 low income housing apartment communities offering 1,556 affordable apartments for rent in Wright County, Minnesota. Wright County features 765 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 791 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Wright County.

Sourced from federal housing data and research.

Wright County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 46
Total Low Income Apartments 1,556
Total Housing Units with Rental Assistance 765
Percentage of Housing Units Occupied By Renters 17.2%
Average Renter Household Size 2.39
Average Household Size 2.82
Median Household Income $73,557 ±$2,119
Median Rent $899 ±$32
Percentage Of Renters Overburdened 43.7% ± 4.66pp
Total Population 128,691

Population and Household Demographics

Wright County is a County in Minnesota with a population of 128,691. There are 45,265 households in the county with an average household size of 2.82 persons. 17.2% of households in Wright County are renters.

Income and Rent Overburden in Wright County

The median gross income for households in Wright County is $73,557 a year, or $6,130 a month. The median rent for the county is $899 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wright County, a household making less than $2,997 a month would be considered overburdened when renting an apartment at or above the median rent. 43.7% of households who rent are overburdened in Wright County.1

Area Median Income In Wright 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 Wright County, HUD calculates the Area Median Income for a family of four as $100,000

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 Wright 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 Wright County HUD Rental Assistance in Wright County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $21,000 $24,000 $27,000 $30,000 $32,400 $34,800 $39,010 $43,430
50% of Median $35,000 $40,000 $45,000 $50,000 $54,000 $58,000 $62,000 $66,000
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700
Low Income Housing Tax Credits in Wright County

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

From 1987 to 2005, 19 low income apartment communities containing 607 rental apartments have been constructed and made affordable to low income persons in Wright 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 Wright County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $35,000 $40,000 $45,000 $50,000 $54,000 $58,000 $62,000 $66,000
60% of Median $42,000 $48,000 $54,000 $60,000 $64,800 $69,600 $74,400 $79,200

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 Wright County is $54,000 a year, or $4,500 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,500 by 30% to get a maximum rent of $1,350 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% $875 $938 $1,125 $1,300 $1,450 $1,600
60% $1,050 $1,125 $1,350 $1,560 $1,740 $1,920
Fair Market Rents in Wright 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
$820 $971 $1,214 $1,722 $2,025

Cities In Wright County

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

City Listings Served By
Buffalo 11
Montrose 1
Waverly 0
Monticello 8
Albertville 2
Howard Lake 2
Delano 5 The HUD funded Public Housing Agency that serves Delano is the Housing and Redevelopment Authority of Delano.
Annandale 7
Cokato 3
St Michael 1
Maple Lake 1
Albion 0
Buffaloship 0
Chatham 0
Clearwater 3
Cokatoship 0
Corinna 0
Franklin 1
French Lake 0
Maple Lakeship 0
Marysville 0
Middleville 0
Monticelloship 0
Otsego 0
Rockford 0
St. Michael 1
Silver Creek 0
Silver Creekship 0
South Haven 0
Southside 0
Stockholm 0
Victor 0
Woodland 0