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Affordable Housing In Florence County

1 Low Income Apartment Communities In Florence County

Florence Terrace

1 Chapin St
Florence, Wisconsin
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Guide To Affordable Housing in Florence County, Wisconsin

There are 1 low income housing apartment communities offering 24 affordable apartments for rent in Florence County, Wisconsin.

Income Based Apartments in Florence County, Wisconsin

Florence County features 24 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 Florence County, Wisconsin

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

Housing Choice Vouchers in Florence County, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Florence County, Wisconsin for a two-bedroom apartment is between $643 and $785.

2020 Florence County, 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 $484 $542 $714 $890 $1,013
Payment Standard Range $436 to $532 $488 to $596 $643 to $785 $801 to $979 $912 to $1,114

Sourced from federal housing data and research.

Florence County, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 24
Total Housing Units with Rental Assistance 24
Percentage of Housing Units Occupied By Renters 13.08%
Average Renter Household Size 2.18
Average Household Size 2.32
Median Household Income $48,643 ±$4,611
Median Rent $506 ±$118
Percentage Of Renters Overburdened 22.09% ± 13.35pp
Total Population 4,476

Population and Household Demographics

Florence County is a county in Wisconsin with a population of 4,476. There are 1,904 households in the county with an average household size of 2.32 persons. 13.08% of households in Florence County are renters.

Income and Rent Overburden in Florence County

The median gross income for households in Florence County is $48,643 a year, or $4,054 a month. The median rent for the county is $506 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Florence County, a household making less than $1,687 a month would be considered overburdened when renting an apartment at or above the median rent. 22.09% of households who rent are overburdened in Florence County.

Area Median Income In Florence County

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.

In Florence County, HUD calculates the Area Median Income for a family of four as $61,000

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 Florence County

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 Florence County

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

Cities In Florence County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Long Lake