2020 COMMERCE BLVD, MOUND, MN, 55364
2020 COMMERCE BLVD, MOUND, MN, 55364
Mound, MN, 55364
Fair Market Rent - Hennepin County, MN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,174 |
| 1 Bedroom | $1,327 |
| 2 Bedroom | $1,622 |
| 3 Bedroom | $2,188 |
| 4 Bedroom | $2,478 |
Income Limits - Hennepin County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,050
- Very Low (50%)
- $36,750
- Low (80%)
- $55,950
- Extremely Low (30%)
- $25,200
- Very Low (50%)
- $42,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $28,350
- Very Low (50%)
- $47,250
- Low (80%)
- $71,950
- Extremely Low (30%)
- $31,450
- Very Low (50%)
- $52,450
- Low (80%)
- $79,900
- Extremely Low (30%)
- $34,000
- Very Low (50%)
- $56,650
- Low (80%)
- $86,300
- Extremely Low (30%)
- $36,500
- Very Low (50%)
- $60,850
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $65,050
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $69,250
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,050 | $36,750 | $55,950 |
| 2 Persons | $25,200 | $42,000 | $63,950 |
| 3 Persons | $28,350 | $47,250 | $71,950 |
| 4 Persons | $31,450 | $52,450 | $79,900 |
| 5 Persons | $34,000 | $56,650 | $86,300 |
| 6 Persons | $36,500 | $60,850 | $92,700 |
| 7 Persons | $40,120 | $65,050 | $99,100 |
| 8 Persons | $44,660 | $69,250 | $105,500 |
Frequently Asked Questions About Housing in Mound, MN
How many affordable housing options are in Mound, Minnesota?+
There are 4 affordable housing properties in Mound, Minnesota, including 3 Low-Income Housing Tax Credit (LIHTC), 1 housing authority listings. Browse the full list above to find options that fit your needs.
What is the average rent for affordable housing in Mound, Minnesota?+
The Fair Market Rent for Hennepin County, Minnesota is: Studio: $1174, 1BR: $1327, 2BR: $1622, 3BR: $2188. Subsidized housing typically charges tenants 30% of their adjusted gross income, which may be significantly less than FMR.
How do I apply for Section 8 housing in Mound, Minnesota?+
To apply for Section 8 (Housing Choice Voucher) in Mound, Minnesota, contact your local housing authority. You can browse the housing authority listings on this page to find contact information. Applications are typically accepted when the waitlist is open. Eligibility is based on income (generally below 50% of Area Median Income), family size, and citizenship status.
What are the income limits for affordable housing in Hennepin County, Minnesota?+
For a 4-person household in Hennepin County, Minnesota, the income limits are: Extremely Low Income (30% AMI): $31,450, Very Low Income (50% AMI): $52,450, Low Income (80% AMI): $79,900. Income limits vary by household size and are updated annually by HUD.
Are there open waitlists for affordable housing in Mound, Minnesota?+
Currently, no housing authority waitlists are reported as open in Mound, Minnesota. However, waitlists open and close regularly. We recommend contacting the housing authorities directly for the most current status, or checking back frequently as we update this information regularly.
What types of affordable housing are available in Mound, Minnesota?+
Mound, Minnesota has the following types of affordable housing: LIHTC properties (privately owned, tax-credit funded affordable apartments); Housing Authorities (administering Section 8 vouchers and public housing). Each program has different eligibility requirements and application processes.
What is the population of Mound, Minnesota?+
Mound, Minnesota has an estimated population of 9,498. With 4 affordable housing properties serving the area, there are housing assistance options available for eligible residents.