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There are 106 low-income apartments in Freeborn County that offer reduced rents to eligible households. Low-income rents in Freeborn County, Minnesota can range from $590 to $605 depending on the number of bedrooms.
Rental assistance programs support 627 low-income homes in Freeborn County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $364 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Freeborn County, Minnesota Affordable Housing Data
Income Based Apartments in Freeborn County, Minnesota
Freeborn County features 627 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 Freeborn County, Minnesota
There are 106 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Freeborn County.
Housing Choice Vouchers in Freeborn County, Minnesota
On average, Section 8 Housing Choice vouchers pay Freeborn County landlords $400 per month towards rent. The average voucher holder contributes $400 towards rent in Freeborn County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Freeborn County, Minnesota for a two-bedroom apartment is between $875 and $1,069.
2024 Freeborn 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 | |
|---|---|---|---|---|---|
| Freeborn County, Minnesota Fair Market Rent | $659 | $740 | $972 | $1,239 | $1,402 |
| Freeborn County, Minnesota Payment Standard Range | $593 to $725 | $666 to $814 | $875 to $1,069 | $1,115 to $1,363 | $1,262 to $1,542 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Freeborn County, MN Affordable Housing Snapshot
| Total Affordable Apartment Properties | 21 |
|---|---|
| Total Low Income Apartments | 821 |
| Total Housing Units with Rental Assistance | 627 |
| Percentage of Housing Units Occupied By Renters | 23.61% |
| Average Renter Household Size | 2.08 |
| Average Household Size | 2.33 |
| Median Household Income | $47,105 ±$1,270 |
| Median Rent | $598 ±$42 |
| Percentage Of Renters Overburdened | 38.79% ± 5.03pp |
| Total Population | 30,897 |
Population and Household Demographics
Freeborn County is a county in Minnesota with a population of 30,897. There are 12,993 households in the county with an average household size of 2.33 persons. 23.61% of households in Freeborn County are renters.
Income and Rent Overburden in Freeborn County
The median gross income for households in Freeborn County is $47,105 a year, or $3,925 a month. The median rent for the county is $598 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Freeborn County, a household making less than $1,993 a month would be considered overburdened when renting an apartment at or above the median rent. 38.79% of households who rent are overburdened in Freeborn County.
Area Median Income In Freeborn 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 Freeborn County, HUD calculates the Area Median Income for a family of four as $79,700
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 Freeborn 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 Freeborn County
| 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 Freeborn County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$18,550 | $21,200 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Freeborn County AMI may qualify for rental assistance programs that target Very Low Income households. |
$30,900 | $35,300 | $39,700 | $44,100 | $47,650 | $51,200 | $54,700 | $58,250 |
| 80% AMI Income Limits Renters earning up to 80% of the Freeborn County AMI may qualify for rental assistance programs that target Low Income households. |
$49,400 | $56,450 | $63,500 | $70,550 | $76,200 | $81,850 | $87,500 | $93,150 |
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