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Affordable Housing In Wright County

46 Low Income Apartment Communities In Wright County

Hillside Terrace

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

Pheasant Ridge

5331 Barthel Industrial Dr NE
Albertville, Minnesota
1-3 BR

Barrington Apartments

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

Clearwater Park View

1040 Porter St
Clearwater, Minnesota
Income Based
1-3 BR

Golf View Apartments

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

The Willows

1330 Timber Lane
Buffalo, Minnesota
2-3 BR

Cokato Parkview Apartments

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

Annandale Square II Apartments

321 Knollwood Street W
Annandale, Minnesota
1 BR

Annandale Square Apartments - I

313 Knollwood St W
Annandale, Minnesota
1-3 BR

Maple Dell Apartments

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

Guide To Affordable Housing in Wright County, Minnesota

There are 46 low income housing apartment communities offering 1,515 affordable apartments for rent in Wright County, Minnesota.

Income Based Apartments in Wright County, Minnesota

Wright County features 765 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 Wright County, Minnesota

There are 750 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wright County.

Housing Choice Vouchers in Wright County, Minnesota

On average, Section 8 Housing Choice vouchers pay Wright County landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Wright County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Wright County, Minnesota for a two-bedroom apartment is between $1,093 and $1,335.

2020 Wright 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 $820 $971 $1,214 $1,722 $2,025
Payment Standard Range $738 to $902 $874 to $1,068 $1,093 to $1,335 $1,550 to $1,894 $1,823 to $2,228

Sourced from federal housing data and research.

Wright County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 46
Total Low Income Apartments 1,515
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.

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 $103,400

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 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 $21,700 $24,800 $27,900 $31,000 $33,500 $36,000 $39,640 $44,120
50% of Median $36,200 $41,400 $46,550 $51,700 $55,850 $60,000 $64,150 $68,250
80% of Median $54,950 $62,800 $70,650 $78,500 $84,800 $91,100 $97,350 $103,650