Low Income Apartments For Rent in Fisher, MN

Rental assistance programs support 0 low-income homes in Fisher where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Fisher, Minnesota

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority	Programs
Northwest Minnesota Multi-County Housing and Redevelopment Authority	Section 8 Housing Choice Voucher (HCV); Public Housing

Go to the Minnesota Public Housing and Low-Income Apartments Waiting Lists page for openings near Fisher.

Fisher, Minnesota Affordable Housing Data

Income Based Apartments in Fisher, Minnesota

Fisher features 0 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 Fisher, Minnesota

There are 18 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fisher.

Housing Choice Vouchers in Fisher, Minnesota

On average, Section 8 Housing Choice vouchers pay Fisher landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Fisher.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fisher, Minnesota for a two-bedroom apartment is between $836 and $1,022.

2024 Fisher, 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
Fisher, Minnesota Fair Market Rent	$731	$736	$929	$1,309	$1,577
Fisher, Minnesota Payment Standard Range	$658 to $804	$662 to $810	$836 to $1,022	$1,178 to $1,440	$1,419 to $1,735

Sourced from federal housing data and AffordableHousingOnline.com research.

Fisher, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 18

Total Housing Units with Rental Assistance 0

Percentage of Housing Units Occupied By Renters 32.76%

Average Renter Household Size 2.28

Average Household Size 2.67

Median Household Income $55,714 ±$9,112

Median Rent $580 ±$33

Percentage Of Renters Overburdened 22.81% ± 14.69pp

Total Population 464

Total Affordable Apartment Properties	2
Total Low Income Apartments	18
Total Housing Units with Rental Assistance	0
Percentage of Housing Units Occupied By Renters	32.76%
Average Renter Household Size	2.28
Average Household Size	2.67
Median Household Income	$55,714 ±$9,112
Median Rent	$580 ±$33
Percentage Of Renters Overburdened	22.81% ± 14.69pp
Total Population	464

Population and Household Demographics

Fisher is a city in Polk County, Minnesota with a population of 464. There are 174 households in the city with an average household size of 2.67 persons. 32.76% of households in Fisher are renters.

Income and Rent Overburden in Fisher

The median gross income for households in Fisher is $55,714 a year, or $4,643 a month. The median rent for the city is $580 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fisher, a household making less than $1,933 a month would be considered overburdened when renting an apartment at or above the median rent. 22.81% of households who rent are overburdened in Fisher.

Area Median Income In Fisher

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 Fisher, the AMI is calculated from all households within Polk County.

In Fisher, HUD calculates the Area Median Income for a family of four as $94,200

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 Fisher

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 Fisher

	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% AMI Income Limits Renters earning up to 30% of the Fisher AMI may qualify for rental assistance programs that target Extremely Low Income households.	$20,100	$23,000	$25,850	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Fisher AMI may qualify for rental assistance programs that target Very Low Income households.	$33,500	$38,300	$43,100	$47,850	$51,700	$55,550	$59,350	$63,200
80% AMI Income Limits Renters earning up to 80% of the Fisher AMI may qualify for rental assistance programs that target Low Income households.	$53,600	$61,250	$68,900	$76,550	$82,700	$88,800	$94,950	$101,050