Franklin, Wisconsin Affordable Housing

Affordable Housing programs support 30 income based apartments in Franklin where households pay rent based on how much they earn.

There are 319 affordable apartments in Franklin that offer reduced rents to low-income households.

Waiting Lists in Franklin, Wisconsin

There are no open Section 8 Housing Choice Voucher waiting lists in Franklin. Go to the Wisconsin Section 8 Waiting Lists page for openings near Franklin.

Franklin Senior Housing

7704 51st Street
Franklin, Wisconsin
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Brenwood Park Senior Community Phase II

9501 W Loomis Rd
Franklin, Wisconsin
Affordable

Clare Meadows of Franklin Phase II

7760 S 51st St
Franklin, Wisconsin
Affordable

Foresthill Highlands, Phase V

9075 W Highland Park Ave
Franklin, Wisconsin
Affordable

Foresthill Highlands Building 600

9095 W Highland Park Ave
Franklin, Wisconsin
Affordable

Clare Meadows of Franklin Senior Housing

7700 S 51st St
Franklin, Wisconsin
Affordable
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Affordable Housing Near Franklin

View affordable apartments and waiting lists in cities near Franklin

City Apartments
Milwaukee, WI Affordable Housing programs support 293 apartment communities in Milwaukee.
West Allis, WI Affordable Housing programs support 17 apartment communities in West Allis.
Cudahy, WI Affordable Housing programs support 10 apartment communities in Cudahy.
Brown Deer, WI Affordable Housing programs support 7 apartment communities in Brown Deer.
Greenfield, WI Affordable Housing programs support 7 apartment communities in Greenfield.

Public Housing Agencies Serving Franklin, 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.

Housing Authority Programs
Milwaukee County Housing Division Section 8 Housing Choice Voucher (HCV)
Go to the Wisconsin Public Housing and Low-Income Apartments Waiting Lists page for openings near Franklin.

Franklin, Wisconsin Affordable Housing Data

Income Based Apartments in Franklin, Wisconsin

Franklin features 30 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 Franklin, Wisconsin

There are 319 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Franklin.

Housing Choice Vouchers in Franklin, Wisconsin

On average, Section 8 Housing Choice vouchers pay Franklin landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Franklin.

The maximum amount a voucher would pay on behalf of a low-income tenant in Franklin, Wisconsin for a two-bedroom apartment is between $983 and $1,201.

2023 Franklin, 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
Franklin, Wisconsin Fair Market Rent $766 $909 $1,092 $1,374 $1,499
Franklin, Wisconsin Payment Standard Range $689 to $843 $818 to $1,000 $983 to $1,201 $1,237 to $1,511 $1,349 to $1,649

Sourced from federal housing data and AffordableHousingOnline.com research.

Franklin, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 349
Total Housing Units with Rental Assistance 30
Percentage of Housing Units Occupied By Renters 22.43%
Average Renter Household Size 1.87
Average Household Size 2.53
Median Household Income $73,148 ±$3,249
Median Rent $960 ±$25
Percentage Of Renters Overburdened 45.17% ± 6.76pp
Total Population 36,103

Population and Household Demographics

Franklin is a city in Milwaukee County, Wisconsin with a population of 36,103. There are 13,393 households in the city with an average household size of 2.53 persons. 22.43% of households in Franklin are renters.

Income and Rent Overburden in Franklin

The median gross income for households in Franklin is $73,148 a year, or $6,096 a month. The median rent for the city is $960 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Franklin, a household making less than $3,200 a month would be considered overburdened when renting an apartment at or above the median rent. 45.17% of households who rent are overburdened in Franklin.

Area Median Income In Franklin

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 Franklin, the AMI is calculated from all households within Milwaukee County.

In Franklin, HUD calculates the Area Median Income for a family of four as $96,100

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 Franklin

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 Franklin

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Franklin AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,850 $22,650 $25,500 $28,300 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Franklin AMI may qualify for rental assistance programs that target Very Low Income households.
$33,050 $37,800 $42,500 $47,200 $51,000 $54,800 $58,550 $62,350
80% AMI Income Limits
Renters earning up to 80% of the Franklin AMI may qualify for rental assistance programs that target Low Income households.
$52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700