Low Income (LIHTC)

Koester Court Iv

701 Koester Ct, Northfield, MN, 55057

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

Koester Court IV is a 25-unit apartment community in Northfield, Minnesota that provides affordable housing for low-income residents. The property has been in service since 1988 and continues to operate in Rice County.

Property Details

Total Units

Fair Market Rent - Rice 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	$913
1 Bedroom	$918
2 Bedroom	$1,206
3 Bedroom	$1,634
4 Bedroom	$1,932

Income Limits - Rice County, MN

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $18,200
Very Low (50%): $30,300
Low (80%): $48,450

2 Persons

Extremely Low (30%): $20,800
Very Low (50%): $34,600
Low (80%): $55,350

3 Persons

Extremely Low (30%): $23,400
Very Low (50%): $38,950
Low (80%): $62,250

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $43,250
Low (80%): $69,150

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $46,750
Low (80%): $74,700

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $50,200
Low (80%): $80,250

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $53,650
Low (80%): $85,750

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $57,100
Low (80%): $91,300

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$18,200	$30,300	$48,450
2 Persons	$20,800	$34,600	$55,350
3 Persons	$23,400	$38,950	$62,250
4 Persons	$26,500	$43,250	$69,150
5 Persons	$31,040	$46,750	$74,700
6 Persons	$35,580	$50,200	$80,250
7 Persons	$40,120	$53,650	$85,750
8 Persons	$44,660	$57,100	$91,300

Tax Credit Program Details

Year Placed in Service

1988

Low-Income Units

25 / 25

Frequently Asked Questions

What is the average rent for affordable housing in Northfield, MN?+

The Fair Market Rent (FMR) for Rice County, MN is: $913 (Studio), $918 (1BR), $1206 (2BR), $1634 (3BR), $1932 (4BR). Actual rent at subsidized properties like Koester Court Iv is typically 30% of household income or less.

What are the income limits for affordable housing in Rice County, MN?+

For a 4-person household in Rice County, MN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,250, Low Income (80% AMI): $69,150. These limits are set by HUD and updated annually.

How do I apply for housing at Koester Court Iv?+

Koester Court Iv 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.

Who manages Koester Court Iv?+

Koester Court Iv is managed by . You can reach them at . Visit their website for more information.

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