About This Property
Circle Pine Apartments comprises 20 one-bedroom units designated for low-income households in Balaton, Minnesota. The property has been in service since 1997 and operates with 4% Low-Income Housing Tax Credit financing. Management and leasing information is available upon request.
Property Details
Fair Market Rent - Lyon 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 | $613 |
| 1 Bedroom | $715 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,275 |
| 4 Bedroom | $1,514 |
Income Limits - Lyon County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,100
- Very Low (50%)
- $26,850
- Low (80%)
- $42,950
- Extremely Low (30%)
- $18,400
- Very Low (50%)
- $30,700
- Low (80%)
- $49,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,550
- Low (80%)
- $55,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,350
- Low (80%)
- $61,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,450
- Low (80%)
- $66,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,500
- Low (80%)
- $71,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,600
- Low (80%)
- $76,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,650
- Low (80%)
- $81,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,100 | $26,850 | $42,950 |
| 2 Persons | $18,400 | $30,700 | $49,100 |
| 3 Persons | $21,960 | $34,550 | $55,250 |
| 4 Persons | $26,500 | $38,350 | $61,350 |
| 5 Persons | $31,040 | $41,450 | $66,300 |
| 6 Persons | $35,580 | $44,500 | $71,200 |
| 7 Persons | $40,120 | $47,600 | $76,100 |
| 8 Persons | $44,660 | $50,650 | $81,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Balaton, MN?+
The Fair Market Rent (FMR) for Lyon County, MN is: $613 (Studio), $715 (1BR), $905 (2BR), $1275 (3BR), $1514 (4BR). Actual rent at subsidized properties like Circle Pine Apartments is typically 30% of household income or less.
What size apartments are available at Circle Pine Apartments?+
Circle Pine Apartments offers the following unit types: 20 One-Bedroom units, for a total of 20 units.
What are the income limits for affordable housing in Lyon County, MN?+
For a 4-person household in Lyon County, MN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,350, Low Income (80% AMI): $61,350. These limits are set by HUD and updated annually.
What is the price range for apartments in Balaton, MN?+
Based on Fair Market Rent for Lyon County, the estimated price range is: 1-bedroom: $715. Actual rent at Circle Pine Apartments may be lower for income-eligible households.
Who manages Circle Pine Apartments?+
Circle Pine Apartments is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Circle Pine Apartments?+
Circle Pine Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Contact Information
Walk Score
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