2 waitlists are currently open in Faribault, MN
Apply before waitlists close. Check each listing for details and deadlines.
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 |
Frequently Asked Questions About Housing in Faribault, MN
How many affordable housing options are in Faribault, Minnesota?+
There are 15 affordable housing properties in Faribault, Minnesota, including 1 public housing, 12 Low-Income Housing Tax Credit (LIHTC), 2 housing authority listings. Browse the full list above to find options that fit your needs.
What is the average rent for affordable housing in Faribault, Minnesota?+
The Fair Market Rent for Rice County, Minnesota is: Studio: $913, 1BR: $918, 2BR: $1206, 3BR: $1634. Subsidized housing typically charges tenants 30% of their adjusted gross income, which may be significantly less than FMR.
How do I apply for Section 8 housing in Faribault, Minnesota?+
To apply for Section 8 (Housing Choice Voucher) in Faribault, Minnesota, contact your local housing authority. You can browse the housing authority listings on this page to find contact information. Applications are typically accepted when the waitlist is open. Eligibility is based on income (generally below 50% of Area Median Income), family size, and citizenship status.
What are the income limits for affordable housing in Rice County, Minnesota?+
For a 4-person household in Rice County, Minnesota, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,250, Low Income (80% AMI): $69,150. Income limits vary by household size and are updated annually by HUD.
Are there open waitlists for affordable housing in Faribault, Minnesota?+
Yes, there are currently 2 housing authorities with open waitlists in Faribault, Minnesota. Look for the "Waitlist Open" badge on listings above, or use the waitlist filter to find them quickly. Waitlist availability changes frequently, so apply as soon as possible.
What types of affordable housing are available in Faribault, Minnesota?+
Faribault, Minnesota has the following types of affordable housing: Public Housing (government-owned units with income-based rent); LIHTC properties (privately owned, tax-credit funded affordable apartments); Housing Authorities (administering Section 8 vouchers and public housing). Each program has different eligibility requirements and application processes.
What is the population of Faribault, Minnesota?+
Faribault, Minnesota has an estimated population of 23,853. With 15 affordable housing properties serving the area, there are housing assistance options available for eligible residents.