Affordable Housing In Boscobel
Grant County, Wisconsin

4 Low Income Apartment Communities In Boscobel

Grant County Housing

208 Sunset Ln
Boscobel, WI
Subsidized

Prairie Street Apartments

109 E Prairie St
Boscobel, WI
HCV Welcome

Willow Village I

204 Sunset Ln
Boscobel, WI
Subsidized

Boscobel

213 Wisconsin Ave
Boscobel, WI
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Housing Authorities that serve Boscobel

Housing Authority Programs
Boscobel Housing Authority Public Housing

Guide To Affordable Housing in Boscobel, Wisconsin

There are 4 low income housing apartment communities offering 148 affordable apartments for rent in Boscobel, Wisconsin. Boscobel features 136 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 12 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Boscobel.

Sourced from federal housing data and AffordableHousingOnline.com research.

Boscobel, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 148
Total Housing Units with Rental Assistance 136
Percentage of Housing Units Occupied By Renters 37.59%
Average Renter Household Size 2.30
Average Household Size 2.21
Median Household Income $43,185 ±$7,465
Median Rent $658 ±$87
Percentage Of Renters Overburdened 28.39% ± 11.41pp
Total Population 3,194

Population and Household Demographics

Boscobel is a City in Grant County, Wisconsin with a population of 3,194. There are 1,237 households in the city with an average household size of 2.21 persons. 37.59% of households in Boscobel are renters.

Income and Rent Overburden in Boscobel

The median gross income for households in Boscobel is $43,185 a year, or $3,599 a month. The median rent for the city is $658 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Boscobel, a household making less than $2,193 a month would be considered overburdened when renting an apartment at or above the median rent. 28.39% of households who rent are overburdened in Boscobel.1

Area Median Income In Boscobel

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 Boscobel, the AMI is calculated from all households within Grant County.

In Boscobel, HUD calculates the Area Median Income for a family of four as $65,900

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 Boscobel

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 Boscobel HUD Rental Assistance in Boscobel

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,350 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,950 $27,400 $30,800 $34,200 $36,950 $39,700 $42,450 $45,150
80% of Median $38,300 $43,800 $49,250 $54,700 $59,100 $63,500 $67,850 $72,250
Fair Market Rents in Boscobel

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$562 $566 $715 $939 $1,255