What HUD offices serve Eagle River, Wisconsin?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Wisconsin Public Housing and Low-Income Apartments Waiting Lists page for openings near Eagle River.
How many renters live in Eagle River, Wisconsin?
The City of Eagle River has 1,575 people living in 735 households.
There are 732 renters living in 369 renter households in this City. Renters make up 46.48 percent of the population living in Eagle River.
What is the rental market like in Eagle River, Wisconsin?
There are an estimated 893 housing units in the Eagle River area. Of these, 400 units are rental homes, making up 45 percent of the housing market. For every renter household in Eagle River, Wisconsin, there are 1 rental units.
What is the vacancy rate for rentals in Eagle River?
The rental vacancy rate in Eagle River is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Eagle River for each bedroom size?
Occupied Rental Units by Size in Eagle River
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 48 | 88 | 158 | 62 | 7 |
Occupied Rental Units by Size in Eagle River
A large number of apartments in Eagle River have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Eagle River are overburdened by housing costs?
Among renter households in this market, 26 percent have housing cost burden. Further, 14 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Eagle River
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $707 to $1,205. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $707 |
| One BR | $712 |
| Two BR | $905 |
| Three BR | $1,094 |
| Four BR | $1,205 |
2024 Fair Market Rents in Eagle River, Wisconsin
How many units are rented at Fair Market Rent (FMR) in Eagle River?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 3 | 6 percent |
| One BR | 58 | 66 percent |
| Two BR | 115 | 73 percent |
Rental Units Below FMR in Eagle River, Wisconsin
How many affordable rental units are in Eagle River?
There are a variety of federal affordable housing programs serving households in Eagle River, Wisconsin including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 34 |
| Section 202 Supportive Housing for the Elderly | 6 |
Tracked Units by Federal Program in Eagle River, Wisconsin
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Eagle River, Wisconsin
Eagle River features 16 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Eagle River, Wisconsin
There are 2 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Eagle River.
Housing Choice Vouchers in Eagle River, Wisconsin
On average, Section 8 Housing Choice vouchers pay Eagle River landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Eagle River.
The maximum amount a voucher would pay on behalf of a low-income tenant in Eagle River, Wisconsin for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
