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Affordable Housing In Elkhorn
Walworth County, Wisconsin

6 Low Income Apartment Communities In Elkhorn

Sedgemeadow Apartments

18 West St
Elkhorn, Wisconsin
Call For Rent
1-2 BR
62+

Elkhorn Commons Apartments

925 Gorman Ave
Elkhorn, Wisconsin
Call For Rent
1-3 BR

First Avenue Apartments - II

509 E 1st Ave
Elkhorn, Wisconsin

M05 Hrrp0504 493 Hartwell St

493 Hartwell St
Elkhorn, Wisconsin

First Avenue Apartments

505 E 1st Ave
Elkhorn, Wisconsin

Jackson Creek Senior Apartments

209 Grant St
Elkhorn, Wisconsin
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Housing Authorities that serve Elkhorn

Housing Authority Programs
Walworth County Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Elkhorn, Wisconsin

There are 6 low income housing apartment communities offering 158 affordable apartments for rent in Elkhorn, Wisconsin.

Income Based Apartments in Elkhorn, Wisconsin

Elkhorn 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 Elkhorn, Wisconsin

There are 158 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elkhorn.

Housing Choice Vouchers in Elkhorn, Wisconsin

On average, Section 8 Housing Choice vouchers pay Elkhorn landlords $400 per month towards rent. The average voucher holder contributes $400 towards rent in Elkhorn.

The maximum amount a voucher would pay on behalf of a low-income tenant in Elkhorn, Wisconsin for a two-bedroom apartment is between $810 and $990.

2020 Elkhorn, 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 $586 $683 $900 $1,228 $1,384
Payment Standard Range $527 to $645 $615 to $751 $810 to $990 $1,105 to $1,351 $1,246 to $1,522

Sourced from federal housing data and AffordableHousingOnline.com research.

Elkhorn, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 158
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 39.4%
Average Renter Household Size 1.90
Average Household Size 2.42
Median Household Income $53,724 ±$6,119
Median Rent $796 ±$42
Percentage Of Renters Overburdened 39.44% ± 8.92pp
Total Population 9,998

Population and Household Demographics

Elkhorn is a city in Walworth County, Wisconsin with a population of 9,998. There are 4,003 households in the city with an average household size of 2.42 persons. 39.4% of households in Elkhorn are renters.

Income and Rent Overburden in Elkhorn

The median gross income for households in Elkhorn is $53,724 a year, or $4,477 a month. The median rent for the city is $796 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Elkhorn, a household making less than $2,653 a month would be considered overburdened when renting an apartment at or above the median rent. 39.44% of households who rent are overburdened in Elkhorn.

Area Median Income In Elkhorn

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 Elkhorn, the AMI is calculated from all households within Walworth County.

In Elkhorn, HUD calculates the Area Median Income for a family of four as $79,000

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 Elkhorn

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 Elkhorn

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,600 $19,000 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $27,650 $31,600 $35,550 $39,500 $42,700 $45,850 $49,000 $52,150
80% of Median $44,250 $50,600 $56,900 $63,200 $68,300 $73,350 $78,400 $83,450