Low Income (LIHTC)

Koester Court Iv

701 Koester Ct, Northfield, MN, 55057

Information verified May 9, 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.

Who manages Koester Court Iv?+

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

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.

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