About This Property
Homestead Village offers 102 low-income rental units in Rochester, Minnesota, comprising 82 two-bedroom and 20 three-bedroom apartments designed to serve families. The community has been in service since 1995 and is funded through 9% Low-Income Housing Tax Credits. Prospective residents should contact the property management office for current availability and application information.
Waitlist Information
Waitlist managed by Olmsted County Housing and Redevelopment Authority
The Public Housing waiting list is currently closed and applications are not being accepted. OCHRA manages 110 housing units.
The waiting list is currently closed, and applications are not being accepted. Households are contacted based on their position on the waiting list when current voucher holders leave the program. Changes in household information can be reported through Assistance Connect or a form.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Olmsted 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 | $814 |
| 1 Bedroom | $927 |
| 2 Bedroom | $1,148 |
| 3 Bedroom | $1,618 |
| 4 Bedroom | $1,948 |
Income Limits - Olmsted County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,950
- Very Low (50%)
- $34,900
- Low (80%)
- $55,850
- Extremely Low (30%)
- $23,950
- Very Low (50%)
- $39,900
- Low (80%)
- $63,800
- Extremely Low (30%)
- $26,950
- Very Low (50%)
- $44,900
- Low (80%)
- $71,800
- Extremely Low (30%)
- $29,900
- Very Low (50%)
- $49,850
- Low (80%)
- $79,750
- Extremely Low (30%)
- $32,300
- Very Low (50%)
- $53,850
- Low (80%)
- $86,150
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $57,850
- Low (80%)
- $92,550
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $61,850
- Low (80%)
- $98,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $65,850
- Low (80%)
- $105,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,950 | $34,900 | $55,850 |
| 2 Persons | $23,950 | $39,900 | $63,800 |
| 3 Persons | $26,950 | $44,900 | $71,800 |
| 4 Persons | $29,900 | $49,850 | $79,750 |
| 5 Persons | $32,300 | $53,850 | $86,150 |
| 6 Persons | $35,580 | $57,850 | $92,550 |
| 7 Persons | $40,120 | $61,850 | $98,900 |
| 8 Persons | $44,660 | $65,850 | $105,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rochester, MN?+
The Fair Market Rent (FMR) for Olmsted County, MN is: $814 (Studio), $927 (1BR), $1148 (2BR), $1618 (3BR), $1948 (4BR). Actual rent at subsidized properties like Homestead Village is typically 30% of household income or less.
What size apartments are available at Homestead Village?+
Homestead Village offers the following unit types: 82 Two-Bedroom, 20 Three-Bedroom units, for a total of 102 units.
Who manages Homestead Village?+
Homestead Village is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Homestead Village?+
Homestead Village primarily serves families, No. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Homestead Village?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at Homestead Village?+
Homestead Village 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.
What are the income limits for affordable housing in Olmsted County, MN?+
For a 4-person household in Olmsted County, MN, the income limits are: Extremely Low Income (30% AMI): $29,900, Very Low Income (50% AMI): $49,850, Low Income (80% AMI): $79,750. These limits are set by HUD and updated annually.
What is the price range for apartments in Rochester, MN?+
Based on Fair Market Rent for Olmsted County, the estimated price range is: 2-bedroom: $1148, 3-bedroom: $1618. Actual rent at Homestead Village may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Homestead Village
Central Towers
Rochester, MN
105 UnitsVillage on 3rd
Rochester, MN
66 UnitsFontaine Towers
Rochester, MN
151 UnitsFlats on 4th (Fka the Buckeye)
Rochester, MN
92 Units
Olmsted County Housing and Redevelopment Authority
Rochester, MN
751 UnitsNorthgate Plaza
Rochester, MN
151 Units