Low Income Apartments and Affordable Housing For Rent in Markesan, WI

Discover affordable housing in Markesan where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Mid - Wisconsin Housing

302 N Grand St, Markesan, Wisconsin 53946

calendar_today Opened: Mar 21
Open Until Further Notice

Reported On March 21st, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Markesan, Wisconsin
$17.14/hour
$9.89 (+136%) more than Wisconsin minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Markesan, Wisconsin Affordable Housing ↓

What HUD offices serve Markesan, 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Markesan, Wisconsin.

Go to the Wisconsin Public Housing and Low-Income Apartments Waiting Lists page for openings near Markesan.

How many renters live in Markesan, Wisconsin?

The City of Markesan has 1,292 people living in 529 households.

There are 369 renters living in 139 renter households in this City. Renters make up 28.56 percent of the population living in Markesan.

What is the rental market like in Markesan, Wisconsin?

There are an estimated 620 housing units in the Markesan area. Of these, 180 units are rental homes, making up 29 percent of the housing market. For every renter household in Markesan, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Markesan?

The rental vacancy rate in Markesan is 19 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 Markesan for each bedroom size?

Occupied Rental Units by Size in Markesan
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
5 51 24 36 19
Occupied Rental Units by Size in Markesan

A large number of apartments in Markesan 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 Markesan are overburdened by housing costs?

Among renter households in this market, 41 percent have housing cost burden. Further, 7 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 Markesan

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $635 to $1,343. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $635
One BR $689
Two BR $905
Three BR $1,094
Four BR $1,343
2024 Fair Market Rents in Markesan, Wisconsin

How many units are rented at Fair Market Rent (FMR) in Markesan?

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 4 80 percent
One BR 41 80 percent
Two BR 20 83 percent
Rental Units Below FMR in Markesan, Wisconsin

How many affordable rental units are in Markesan?

There are a variety of federal affordable housing programs serving households in Markesan, Wisconsin including the following:

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 32
Tracked Units by Federal Program in Markesan, Wisconsin

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Markesan, Wisconsin

Markesan features 32 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 Markesan, Wisconsin

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Markesan.

Housing Choice Vouchers in Markesan, Wisconsin

On average, Section 8 Housing Choice vouchers pay Markesan landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Markesan.

The maximum amount a voucher would pay on behalf of a low-income tenant in Markesan, Wisconsin for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.