How many renters live in Avoca, Wisconsin?
The City of Avoca has 519 people living in 209 households.
There are 140 renters living in 53 renter households in this City. Renters make up 26.97 percent of the population living in Avoca.
What is the rental market like in Avoca, Wisconsin?
There are an estimated 286 housing units in the Avoca area. Of these, 62 units are rental homes, making up 22 percent of the housing market. For every renter household in Avoca, Wisconsin, there are 1 rental units.
What is the vacancy rate for rentals in Avoca?
The rental vacancy rate in Avoca is 15 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 Avoca for each bedroom size?
Occupied Rental Units by Size in Avoca
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 12 | 6 | 32 | 3 |
Occupied Rental Units by Size in Avoca
A large number of apartments in Avoca 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 Avoca are overburdened by housing costs?
Among renter households in this market, 23 percent have housing cost burden. Further, 0 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 Avoca
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $669 to $1,371. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $669 |
| One BR | $751 |
| Two BR | $987 |
| Three BR | $1,279 |
| Four BR | $1,371 |
2024 Fair Market Rents in Avoca, Wisconsin
How many units are rented at Fair Market Rent (FMR) in Avoca?
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 |
| One BR | 10 | 83 percent |
| Two BR | 6 | 100 percent |
Rental Units Below FMR in Avoca, Wisconsin
How many affordable rental units are in Avoca?
There are a variety of federal affordable housing programs serving households in Avoca, Wisconsin including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 8 |
| Section 8 Project-Based Rental Assistance | 4 |
Tracked Units by Federal Program in Avoca, Wisconsin
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Avoca, Wisconsin
Avoca features 0 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 Avoca, Wisconsin
There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Avoca.
Housing Choice Vouchers in Avoca, Wisconsin
On average, Section 8 Housing Choice vouchers pay Avoca landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Avoca.
The maximum amount a voucher would pay on behalf of a low-income tenant in Avoca, Wisconsin for a two-bedroom apartment is between $888 and $1,086.
Sourced from federal housing data and AffordableHousingOnline.com research.
