Affordable Housing In Evansville
Rock County, Wisconsin

5 Low Income Apartment Communities In Evansville

South Meadows Apartments

455 S 1st St
Evansville, WI
Subsidized

Seminary Park Apartments Homes

100 College Dr
Evansville, WI
HCV Welcome

M99 Crhd 89205.03 Comm Action : Brown Sch

740 Brown School Rd
Evansville, WI
HCV Welcome

Evansville Town Homes

20 Countryside Dr
Evansville, WI
HCV Welcome

Baker Block Apartments Homes

101 E Main St
Evansville, WI
HCV Welcome
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Housing Authorities that serve Evansville

Housing Authority Programs
Evansville Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Evansville, Wisconsin

According to federal housing data and AffordableHousingOnline.com research, there are 5 low income housing apartment communities offering 104 affordable apartments for rent in Evansville, Wisconsin. Evansville features 20 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 84 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Evansville.

Evansville, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 104
Total Housing Units with Rental Assistance 20
Percentage of Housing Units Occupied By Renters 32.31%
Average Renter Household Size 2.17
Average Household Size 2.53
Median Household Income $57,273 ±$8,315
Median Rent $780 ±$77
Percentage Of Renters Overburdened 38.6% ± 13.76pp
Total Population 5,143

Population and Household Demographics

Evansville is a City in Rock County, Wisconsin with a population of 5,143. There are 1,996 households in the city with an average household size of 2.53 persons. 32.31% of households in Evansville are renters.

Income and Rent Overburden in Evansville

The median gross income for households in Evansville is $57,273 a year, or $4,773 a month. The median rent for the city is $780 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Evansville, a household making less than $2,600 a month would be considered overburdened when renting an apartment at or above the median rent. 38.6% of households who rent are overburdened in Evansville.1

Area Median Income In Evansville

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 Evansville, the AMI is calculated from all households within Rock County.

In Evansville, HUD calculates the Area Median Income for a family of four as $65,600

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 Evansville

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 Evansville HUD Rental Assistance in Evansville

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
Low Income Housing Tax Credits in Evansville

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1994 to 2002, 4 low income apartment communities containing 84 rental apartments have been constructed and made affordable to low income persons in Evansville by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Evansville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,950 $27,400 $30,800 $34,200 $36,950 $39,700 $42,450 $45,150
60% of Median $28,740 $32,880 $36,960 $41,040 $44,340 $47,640 $50,940 $54,180

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Evansville is $36,960 a year, or $3,080 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,080 by 30% to get a maximum rent of $924 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $599 $642 $770 $889 $993 $1,095
60% $719 $770 $924 $1,067 $1,191 $1,314
Fair Market Rents in Evansville

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
$630 $634 $831 $1,097 $1,126