Low Income Apartments and Affordable Housing For Rent in Boulder Junction, WI

Discover affordable housing in Boulder Junction 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.

Boulder Jct H A

5420 Senior Dr, Boulder Junction, Wisconsin 54512

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 Boulder Junction, 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 Boulder Junction, Wisconsin Affordable Housing ↓

What HUD offices serve Boulder Junction, 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 Boulder Junction, Wisconsin.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Boulder Junction, Wisconsin.

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

How many renters live in Boulder Junction, Wisconsin?

The City of Boulder Junction has 204 people living in 110 households.

There are 108 renters living in 65 renter households in this City. Renters make up 52.94 percent of the population living in Boulder Junction.

What is the rental market like in Boulder Junction, Wisconsin?

There are an estimated 173 housing units in the Boulder Junction area. Of these, 74 units are rental homes, making up 43 percent of the housing market. For every renter household in Boulder Junction, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Boulder Junction?

The rental vacancy rate in Boulder Junction is 12 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 Boulder Junction for each bedroom size?

Occupied Rental Units by Size in Boulder Junction
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 16 40 6 0
Occupied Rental Units by Size in Boulder Junction

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

Among renter households in this market, 34 percent have housing cost burden. Further, 34 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 Boulder Junction

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $707 to $1,205. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $707
One BR $712
Two BR $905
Three BR $1,094
Four BR $1,205
2024 Fair Market Rents in Boulder Junction, Wisconsin

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

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 15 94 percent
Two BR 12 30 percent
Rental Units Below FMR in Boulder Junction, Wisconsin

How many affordable rental units are in Boulder Junction?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Boulder Junction, Wisconsin

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

Income Based Apartments in Boulder Junction, Wisconsin

Boulder Junction features 12 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 Boulder Junction, Wisconsin

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

Housing Choice Vouchers in Boulder Junction, Wisconsin

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.