What HUD offices serve Loyal, 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 Loyal.
How many renters live in Loyal, Wisconsin?
The City of Loyal has 1,328 people living in 579 households.
There are 272 renters living in 125 renter households in this City. Renters make up 20.48 percent of the population living in Loyal.
What is the rental market like in Loyal, Wisconsin?
There are an estimated 622 housing units in the Loyal area. Of these, 135 units are rental homes, making up 22 percent of the housing market. For every renter household in Loyal, Wisconsin, there are 1 rental units.
What is the vacancy rate for rentals in Loyal?
The rental vacancy rate in Loyal is 7 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 Loyal for each bedroom size?
Occupied Rental Units by Size in Loyal
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 3 | 28 | 52 | 31 | 11 |
Occupied Rental Units by Size in Loyal
A large number of apartments in Loyal 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 Loyal are overburdened by housing costs?
Among renter households in this market, 41 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 Loyal
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,251. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $613 |
| One BR | $689 |
| Two BR | $905 |
| Three BR | $1,169 |
| Four BR | $1,251 |
2024 Fair Market Rents in Loyal, Wisconsin
How many units are rented at Fair Market Rent (FMR) in Loyal?
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 | 25 | 89 percent |
| Two BR | 42 | 81 percent |
Rental Units Below FMR in Loyal, Wisconsin
How many affordable rental units are in Loyal?
There are a variety of federal affordable housing programs serving households in Loyal, Wisconsin including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 17 |
| Section 8 Project-Based Rental Assistance | 25 |
| USDA Section 515 Rural Rental Housing | 8 |
Tracked Units by Federal Program in Loyal, Wisconsin
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Loyal, Wisconsin
Loyal features 8 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 Loyal, Wisconsin
There are 21 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Loyal.
Housing Choice Vouchers in Loyal, Wisconsin
On average, Section 8 Housing Choice vouchers pay Loyal landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Loyal.
The maximum amount a voucher would pay on behalf of a low-income tenant in Loyal, Wisconsin for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
