Low Income Apartments For Rent in Hankinson, ND

Rental assistance programs support 16 low-income homes in Hankinson 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 July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Hankinson, 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
Richland County Housing Authority	Section 8 Housing Choice Voucher (HCV)
Housing Authority of Cass County	Section 8 Housing Choice Voucher (HCV); Public Housing

Go to the North Dakota Public Housing and Low-Income Apartments Waiting Lists page for openings near Hankinson.

Hankinson, North Dakota Affordable Housing Data

Income Based Apartments in Hankinson, North Dakota

Hankinson features 16 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 Hankinson, North Dakota

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hankinson.

Housing Choice Vouchers in Hankinson, North Dakota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Hankinson, North Dakota for a two-bedroom apartment is between $773 and $945.

2024 Hankinson, 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
Hankinson, North Dakota Fair Market Rent	$649	$654	$859	$1,211	$1,382
Hankinson, North Dakota Payment Standard Range	$584 to $714	$589 to $719	$773 to $945	$1,090 to $1,332	$1,244 to $1,520

Sourced from federal housing data and AffordableHousingOnline.com research.

Hankinson, ND Affordable Housing Snapshot

Total Affordable Apartment Properties 5

Total Low Income Apartments 65

Total Housing Units with Rental Assistance 16

Percentage of Housing Units Occupied By Renters 18.53%

Average Renter Household Size 1.87

Average Household Size 2.21

Median Household Income $47,721 ±$10,356

Median Rent $538 ±$338

Percentage Of Renters Overburdened 41.03% ± 21.92pp

Total Population 997

Total Affordable Apartment Properties	5
Total Low Income Apartments	65
Total Housing Units with Rental Assistance	16
Percentage of Housing Units Occupied By Renters	18.53%
Average Renter Household Size	1.87
Average Household Size	2.21
Median Household Income	$47,721 ±$10,356
Median Rent	$538 ±$338
Percentage Of Renters Overburdened	41.03% ± 21.92pp
Total Population	997

Population and Household Demographics

Hankinson is a city in Richland County, North Dakota with a population of 997. There are 421 households in the city with an average household size of 2.21 persons. 18.53% of households in Hankinson are renters.

Income and Rent Overburden in Hankinson

The median gross income for households in Hankinson is $47,721 a year, or $3,977 a month. The median rent for the city is $538 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hankinson, a household making less than $1,793 a month would be considered overburdened when renting an apartment at or above the median rent. 41.03% of households who rent are overburdened in Hankinson.

Area Median Income In Hankinson

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 Hankinson, the AMI is calculated from all households within Richland County.

In Hankinson, HUD calculates the Area Median Income for a family of four as $96,500

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 Hankinson

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 Hankinson

	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 Hankinson AMI may qualify for rental assistance programs that target Extremely Low Income households.	$20,300	$23,200	$26,100	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Hankinson AMI may qualify for rental assistance programs that target Very Low Income households.	$33,800	$38,600	$43,450	$48,250	$52,150	$56,000	$59,850	$63,700
80% AMI Income Limits Renters earning up to 80% of the Hankinson AMI may qualify for rental assistance programs that target Low Income households.	$54,050	$61,800	$69,500	$77,200	$83,400	$89,600	$95,750	$101,950