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Affordable Housing In Blue River
Grant County, Wisconsin

Guide To Affordable Housing in Blue River, Wisconsin

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Blue River, Wisconsin.

Income Based Apartments in Blue River, Wisconsin

Blue River 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 Blue River, Wisconsin

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

Housing Choice Vouchers in Blue River, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Blue River, Wisconsin for a two-bedroom apartment is between $644 and $787.

2020 Blue River, Wisconsin Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $562 $566 $715 $939 $1,255
Payment Standard Range $506 to $618 $509 to $623 $644 to $787 $845 to $1,033 $1,130 to $1,381

Sourced from federal housing data and AffordableHousingOnline.com research.

Blue River, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 28.31%
Average Renter Household Size 1.56
Average Household Size 2.02
Median Household Income $37,250 ±$9,964
Median Rent $582 ±$20
Percentage Of Renters Overburdened 51.61% ± 24.6pp
Total Population 442

Population and Household Demographics

Blue River is a city in Grant County, Wisconsin with a population of 442. There are 219 households in the city with an average household size of 2.02 persons. 28.31% of households in Blue River are renters.

Income and Rent Overburden in Blue River

The median gross income for households in Blue River is $37,250 a year, or $3,104 a month. The median rent for the city is $582 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Blue River, a household making less than $1,940 a month would be considered overburdened when renting an apartment at or above the median rent. 51.61% of households who rent are overburdened in Blue River.

Area Median Income In Blue River

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Blue River, the AMI is calculated from all households within Grant County.

In Blue River, HUD calculates the Area Median Income for a family of four as $68,500

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Blue River

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Blue River

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,900 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $24,800 $28,350 $31,900 $35,400 $38,250 $41,100 $43,900 $46,750
80% of Median $39,700 $45,350 $51,000 $56,650 $61,200 $65,750 $70,250 $74,800