About This Property
Fairview Apartments offers 48 units in Saint Peter, Minnesota, with 39 designated as low-income housing. The property includes 18 one-bedroom, 20 two-bedroom, and 10 three-bedroom units and has been in service since 2000. Financing includes tax-exempt bonds and 4% low-income housing tax credits.
Property Details
Fair Market Rent - Nicollet 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 | $897 |
| 1 Bedroom | $903 |
| 2 Bedroom | $1,101 |
| 3 Bedroom | $1,552 |
| 4 Bedroom | $1,868 |
Income Limits - Nicollet County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,950
- Very Low (50%)
- $28,200
- Low (80%)
- $45,100
- Extremely Low (30%)
- $19,350
- Very Low (50%)
- $32,200
- Low (80%)
- $51,550
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $36,250
- Low (80%)
- $58,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,250
- Low (80%)
- $64,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,500
- Low (80%)
- $69,600
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,700
- Low (80%)
- $74,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,950
- Low (80%)
- $79,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $53,150
- Low (80%)
- $85,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,950 | $28,200 | $45,100 |
| 2 Persons | $19,350 | $32,200 | $51,550 |
| 3 Persons | $21,960 | $36,250 | $58,000 |
| 4 Persons | $26,500 | $40,250 | $64,400 |
| 5 Persons | $31,040 | $43,500 | $69,600 |
| 6 Persons | $35,580 | $46,700 | $74,750 |
| 7 Persons | $40,120 | $49,950 | $79,900 |
| 8 Persons | $44,660 | $53,150 | $85,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Saint Peter, MN?+
The Fair Market Rent (FMR) for Nicollet County, MN is: $897 (Studio), $903 (1BR), $1101 (2BR), $1552 (3BR), $1868 (4BR). Actual rent at subsidized properties like Fairview Apartments is typically 30% of household income or less.
What size apartments are available at Fairview Apartments?+
Fairview Apartments offers the following unit types: 18 One-Bedroom, 20 Two-Bedroom, 10 Three-Bedroom units, for a total of 48 units.
How do I apply for housing at Fairview Apartments?+
Fairview Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
What are the income limits for affordable housing in Nicollet County, MN?+
For a 4-person household in Nicollet County, MN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,250, Low Income (80% AMI): $64,400. These limits are set by HUD and updated annually.
What is the price range for apartments in Saint Peter, MN?+
Based on Fair Market Rent for Nicollet County, the estimated price range is: 1-bedroom: $903, 2-bedroom: $1101, 3-bedroom: $1552. Actual rent at Fairview Apartments may be lower for income-eligible households.
Who manages Fairview Apartments?+
Fairview Apartments is managed by . You can reach them at .
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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