Affordable Housing In Riverton
Clay County, Minnesota

Guide To Affordable Housing in Riverton, Minnesota

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Riverton, Minnesota. Riverton features 0 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Riverton.

Sourced from federal housing data and research.

Riverton, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0
Total Population 0

Population and Household Demographics

Riverton is a City in Clay County, Minnesota with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Riverton are renters.

Income and Rent Overburden in Riverton

The median gross income for households in Riverton is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Riverton


HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Riverton, the AMI is calculated from all households within Clay County.

In Riverton, HUD calculates the Area Median Income for a family of four as $84,100


Rental Assistance in Riverton


Income Qualifications for Riverton HUD Rental Assistance in Riverton

30% of Median $17,700 $20,200 $22,750 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $29,450 $33,650 $37,850 $42,050 $45,450 $48,800 $52,150 $55,550
80% of Median $47,150 $53,850 $60,600 $67,300 $72,700 $78,100 $83,500 $88,850



Income Qualifications for Low Income Housing Tax Credit Apartments in Riverton

60% of Median $35,340 $40,380 $45,420 $50,460 $54,540 $58,560 $62,580 $66,660

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Riverton is $45,420 a year, or $3,785 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,785 by 30% to get a maximum rent of $1,136 a month.


50% $736 $789 $946 $1,094 $1,220 $1,346
60% $884 $947 $1,136 $1,313 $1,464 $1,616
Fair Market Rents in Riverton


2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$555 $676 $834 $1,203 $1,464