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There are 35 low-income apartments in Redby that offer reduced rents to eligible households.
Rental assistance programs support 0 low-income homes in Redby where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on August 31st, 2022. Subdsidized rents typically change once a year based on federal guidance.
Redby, Minnesota Affordable Housing Data
Income Based Apartments in Redby, Minnesota
Redby 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 Redby, Minnesota
There are 35 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Redby.
Housing Choice Vouchers in Redby, Minnesota
On average, Section 8 Housing Choice vouchers pay Redby landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Redby.
The maximum amount a voucher would pay on behalf of a low-income tenant in Redby, Minnesota for a two-bedroom apartment is between $1,006 and $1,230.
2024 Redby, 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 | |
|---|---|---|---|---|---|
| Redby, Minnesota Fair Market Rent | $820 | $851 | $1,118 | $1,352 | $1,576 |
| Redby, Minnesota Payment Standard Range | $738 to $902 | $766 to $936 | $1,006 to $1,230 | $1,217 to $1,487 | $1,418 to $1,734 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Redby, MN Affordable Housing Snapshot
| Total Affordable Apartment Properties | 2 |
|---|---|
| Total Low Income Apartments | 35 |
| Total Housing Units with Rental Assistance | 0 |
| Percentage of Housing Units Occupied By Renters | 41.26% |
| Average Renter Household Size | 4.70 |
| Average Household Size | 3.81 |
| Median Household Income | $36,053 ±$19,841 |
| Median Rent | $530 ±$25 |
| Percentage Of Renters Overburdened | 54.71% ± 26.95pp |
| Total Population | 1,578 |
Population and Household Demographics
Redby is a city in Beltrami County, Minnesota with a population of 1,578. There are 412 households in the city with an average household size of 3.81 persons. 41.26% of households in Redby are renters.
Income and Rent Overburden in Redby
The median gross income for households in Redby is $36,053 a year, or $3,004 a month. The median rent for the city is $530 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Redby, a household making less than $1,767 a month would be considered overburdened when renting an apartment at or above the median rent. 54.71% of households who rent are overburdened in Redby.
Area Median Income In Redby
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 Redby, the AMI is calculated from all households within Beltrami County.
In Redby, HUD calculates the Area Median Income for a family of four as $83,300
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 Redby
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 Redby
| 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 Redby 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 Redby 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 Redby 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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