About This Property
North-South Oak Apartments offers 43 units in Northfield, Minnesota, with 42 units designated as low-income housing. The community serves residents with disabilities and includes a mix of 23 one-bedroom and 20 two-bedroom units. The property has been in service since 2017.
Property Details
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.
- Extremely Low (30%)
- $18,200
- Very Low (50%)
- $30,300
- Low (80%)
- $48,450
- Extremely Low (30%)
- $20,800
- Very Low (50%)
- $34,600
- Low (80%)
- $55,350
- Extremely Low (30%)
- $23,400
- Very Low (50%)
- $38,950
- Low (80%)
- $62,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,250
- Low (80%)
- $69,150
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,750
- Low (80%)
- $74,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,200
- Low (80%)
- $80,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $53,650
- Low (80%)
- $85,750
- 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
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 North - South Oak Apartments is typically 30% of household income or less.
What size apartments are available at North - South Oak Apartments?+
North - South Oak Apartments offers the following unit types: 23 One-Bedroom, 20 Two-Bedroom units, for a total of 43 units.
How do I apply for housing at North - South Oak Apartments?+
North - South Oak 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.
What is the price range for apartments in Northfield, MN?+
Based on Fair Market Rent for Rice County, the estimated price range is: 1-bedroom: $918, 2-bedroom: $1206. Actual rent at North - South Oak Apartments may be lower for income-eligible households.
Who manages North - South Oak Apartments?+
North - South Oak Apartments is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at North - South Oak Apartments?+
North - South Oak Apartments primarily serves persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near North - South Oak Apartments
Halter Woods Ii
Northfield, MN
20 UnitsKoester Court Iv
Northfield, MN
25 UnitsParkway Townhomes
Northfield, MN
32 UnitsParkway Townhomes
Northfield, MN
32 UnitsSummerfield Apartments
Northfield, MN
112 UnitsSpring Creek Townhomes
Northfield, MN
28 Units