What HUD offices serve Genoa City, 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 Genoa City.
How many renters live in Genoa City, Wisconsin?
The City of Genoa City has 2,975 people living in 1,109 households.
There are 303 renters living in 139 renter households in this City. Renters make up 10.18 percent of the population living in Genoa City.
What is the rental market like in Genoa City, Wisconsin?
There are an estimated 1,203 housing units in the Genoa City area. Of these, 156 units are rental homes, making up 13 percent of the housing market. For every renter household in Genoa City, Wisconsin, there are 1 rental units.
What is the vacancy rate for rentals in Genoa City?
The rental vacancy rate in Genoa City is 11 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Genoa City for each bedroom size?
Occupied Rental Units by Size in Genoa City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 5 | 28 | 41 | 39 | 26 |
Occupied Rental Units by Size in Genoa City
A large number of apartments in Genoa City 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 Genoa City are overburdened by housing costs?
Among renter households in this market, 50 percent have housing cost burden. Further, 27 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 Genoa City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $996 to $2,081. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $996 |
| One BR | $1,071 |
| Two BR | $1,401 |
| Three BR | $1,844 |
| Four BR | $2,081 |
2024 Fair Market Rents in Genoa City, Wisconsin
How many units are rented at Fair Market Rent (FMR) in Genoa City?
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 | 0 | 100 percent |
| One BR | 24 | 86 percent |
| Two BR | 19 | 46 percent |
Rental Units Below FMR in Genoa City, Wisconsin
How many affordable rental units are in Genoa City?
There are a variety of federal affordable housing programs serving households in Genoa City, Wisconsin including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 48 |
| USDA Section 515 Rural Rental Housing | 48 |
Tracked Units by Federal Program in Genoa City, Wisconsin
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Genoa City, Wisconsin
Genoa City features 48 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 Genoa City, Wisconsin
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Genoa City.
Housing Choice Vouchers in Genoa City, Wisconsin
On average, Section 8 Housing Choice vouchers pay Genoa City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Genoa City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Genoa City, Wisconsin for a two-bedroom apartment is between $997 and $1,219.
Sourced from federal housing data and AffordableHousingOnline.com research.
