How many renters live in Bayfield, Wisconsin?
The City of Bayfield has people living in households.
There are renters living in renter households in this City. Renters make up 34.04 percent of the population living in Bayfield.
What is the rental market like in Bayfield, Wisconsin?
There are an estimated housing units in the Bayfield area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Bayfield, Wisconsin, there are 1.09 rental units.
What is the vacancy rate for rentals in Bayfield?
The rental vacancy rate in Bayfield is 9 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 Bayfield for each bedroom size?
Occupied Rental Units by Size in Bayfield
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 18 | 63 | 30 | 5 |
Occupied Rental Units by Size in Bayfield
A large number of apartments in Bayfield have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Bayfield
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $733 to $1,205. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $733 |
| One BR | $738 |
| Two BR | $905 |
| Three BR | $1,201 |
| Four BR | $1,205 |
2024 Fair Market Rents in Bayfield, Wisconsin
How many units are rented at Fair Market Rent (FMR) in Bayfield?
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 | 11 | 61 percent |
| Two BR | 38 | 60 percent |
Rental Units Below FMR in Bayfield, Wisconsin
How many affordable rental units are in Bayfield?
There are a variety of federal affordable housing programs serving households in Bayfield, Wisconsin including the following:
| Federal Program | Unit Count |
| Section 202 Supportive Housing for the Elderly | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Bayfield, Wisconsin
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Bayfield, Wisconsin
Bayfield features 102 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 Bayfield, Wisconsin
There are 96 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bayfield.
Housing Choice Vouchers in Bayfield, Wisconsin
On average, Section 8 Housing Choice vouchers pay Bayfield landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bayfield.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bayfield, Wisconsin for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.