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There are 16 low-income apartments in Lac qui Parle County that offer reduced rents to eligible households.
Rental assistance programs support 96 low-income homes in Lac qui Parle County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $240 towards rent each month.
Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.
Lac qui Parle County, Minnesota Affordable Housing Data
Income Based Apartments in Lac qui Parle County, Minnesota
Lac qui Parle County features 96 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 Lac qui Parle County, Minnesota
There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lac qui Parle County.
Housing Choice Vouchers in Lac qui Parle County, Minnesota
On average, Section 8 Housing Choice vouchers pay Lac qui Parle County landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Lac qui Parle County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lac qui Parle County, Minnesota for a two-bedroom apartment is between $815 and $996.
2024 Lac qui Parle 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 | |
|---|---|---|---|---|---|
| Lac qui Parle County, Minnesota Fair Market Rent | $613 | $744 | $905 | $1,213 | $1,472 |
| Lac qui Parle County, Minnesota Payment Standard Range | $552 to $674 | $670 to $818 | $815 to $996 | $1,092 to $1,334 | $1,325 to $1,619 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Lac qui Parle County, MN Affordable Housing Snapshot
| Total Affordable Apartment Properties | 4 |
|---|---|
| Total Low Income Apartments | 112 |
| Total Housing Units with Rental Assistance | 96 |
| Percentage of Housing Units Occupied By Renters | 19.4% |
| Average Renter Household Size | 1.96 |
| Average Household Size | 2.24 |
| Median Household Income | $49,903 ±$2,122 |
| Median Rent | $554 ±$44 |
| Percentage Of Renters Overburdened | 32.5% ± 4.18pp |
| Total Population | 7,023 |
Population and Household Demographics
Lac qui Parle County is a county in Minnesota with a population of 7,023. There are 3,078 households in the county with an average household size of 2.24 persons. 19.4% of households in Lac qui Parle County are renters.
Income and Rent Overburden in Lac qui Parle County
The median gross income for households in Lac qui Parle County is $49,903 a year, or $4,159 a month. The median rent for the county is $554 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lac qui Parle County, a household making less than $1,847 a month would be considered overburdened when renting an apartment at or above the median rent. 32.5% of households who rent are overburdened in Lac qui Parle County.
Area Median Income In Lac qui Parle 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 Lac qui Parle County, HUD calculates the Area Median Income for a family of four as $86,100
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 Lac qui Parle 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 Lac qui Parle 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 Lac qui Parle 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 Lac qui Parle 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 Lac qui Parle 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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