Apply to Fargo Apartment Waiting Lists
- Scattered Site Affordable Homes Project-Based is open.
- Sierra Townhomes Project-Based is open.
- Elliott Place Senior Housing Senior is open.
Northland Apartments
Homefield Senior Living Apartments I, II, and III
The Bridges
There are 1,491 low-income apartments in Fargo that offer reduced rents to eligible households. Low-income rents in Fargo, North Dakota can range from $730 to $955 depending on the number of bedrooms.
Rental assistance programs support 1,142 low-income homes in Fargo where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $330 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.
Public Housing Agencies Serving Fargo, North Dakota
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 |
|---|---|
| Housing Authority of Cass County | Section 8 Housing Choice Voucher (HCV); Public Housing |
| Fargo Housing | Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV); Family Unification Program (FUP); Emergency Housing Voucher (EHV) |
Fargo, North Dakota Affordable Housing Data
Income Based Apartments in Fargo, North Dakota
Fargo features 1,142 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 Fargo, North Dakota
There are 1,491 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fargo.
Housing Choice Vouchers in Fargo, North Dakota
On average, Section 8 Housing Choice vouchers pay Fargo landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Fargo.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fargo, North Dakota for a two-bedroom apartment is between $850 and $1,038.
2024 Fargo, North Dakota 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 | |
|---|---|---|---|---|---|
| Fargo, North Dakota Fair Market Rent | $656 | $781 | $944 | $1,330 | $1,602 |
| Fargo, North Dakota Payment Standard Range | $590 to $722 | $703 to $859 | $850 to $1,038 | $1,197 to $1,463 | $1,442 to $1,762 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Fargo, ND Affordable Housing Snapshot
| Total Affordable Apartment Properties | 79 |
|---|---|
| Total Low Income Apartments | 2,654 |
| Total Housing Units with Rental Assistance | 1,142 |
| Percentage of Housing Units Occupied By Renters | 56.15% |
| Average Renter Household Size | 1.89 |
| Average Household Size | 2.17 |
| Median Household Income | $46,175 ±$1,655 |
| Median Rent | $709 ±$9 |
| Percentage Of Renters Overburdened | 40.84% ± 2.86pp |
| Total Population | 113,464 |
Population and Household Demographics
Fargo is a city in Cass County, North Dakota with a population of 113,464. There are 49,962 households in the city with an average household size of 2.17 persons. 56.15% of households in Fargo are renters.
Income and Rent Overburden in Fargo
The median gross income for households in Fargo is $46,175 a year, or $3,848 a month. The median rent for the city is $709 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fargo, a household making less than $2,363 a month would be considered overburdened when renting an apartment at or above the median rent. 40.84% of households who rent are overburdened in Fargo.
Area Median Income In Fargo
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 Fargo, the AMI is calculated from all households within Cass County.
In Fargo, HUD calculates the Area Median Income for a family of four as $104,100
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 Fargo
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 Fargo
| 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 Fargo AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$21,900 | $25,000 | $28,150 | $31,250 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Fargo AMI may qualify for rental assistance programs that target Very Low Income households. |
$36,450 | $41,650 | $46,850 | $52,050 | $56,250 | $60,400 | $64,550 | $68,750 |
| 80% AMI Income Limits Renters earning up to 80% of the Fargo AMI may qualify for rental assistance programs that target Low Income households. |
$58,350 | $66,650 | $75,000 | $83,300 | $90,000 | $96,650 | $103,300 | $110,000 |
© 2002-2024 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.