Affordable Housing In Iron County
Wisconsin

8 Low Income Apartment Communities In Iron County

Hurley Gardens Estates

300 Hematite St
Hurley, WI
Subsidized

Iron Drift Knight Apartments

Pence St
Montreal, WI
Subsidized

Echo Hollow Senior Apartments

3290 Lakeview Rd
Mercer, WI
Subsidized

Echo Hollow Senior Apartments

5330 N Lakeview Rd
Mercer, WI

Range View Apartments

1010 Lablonde Ln
Hurley, WI
Subsidized

Birchwood Terrace

3314 Lakeview Dr
Mercer, WI
HCV Welcome

Villa Vista

303 Taconite St
Hurley, WI
HCV Welcome

Southgate Village

410 3rd Ave S
Hurley, WI
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Housing Authorities that serve Iron County

Housing Authority Programs
Central Wisconsin Community Action Council Inc Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Iron County

Housing Authority Programs
Hurley Housing Authority Public Housing

Guide To Affordable Housing in Iron County, Wisconsin

There are 8 low income housing apartment communities offering 189 affordable apartments for rent in Iron County, Wisconsin. Iron County features 129 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 60 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Iron County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Iron County, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 189
Total Housing Units with Rental Assistance 129
Percentage of Housing Units Occupied By Renters 18.63%
Average Renter Household Size 1.65
Average Household Size 1.99
Median Household Income $42,543 ±$2,157
Median Rent $485 ±$62
Percentage Of Renters Overburdened 39.11% ± 7.12pp
Total Population 5,907

Population and Household Demographics

Iron County is a County in Wisconsin with a population of 5,907. There are 2,910 households in the county with an average household size of 1.99 persons. 18.63% of households in Iron County are renters.

Income and Rent Overburden in Iron County

The median gross income for households in Iron County is $42,543 a year, or $3,545 a month. The median rent for the county is $485 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Iron County, a household making less than $1,617 a month would be considered overburdened when renting an apartment at or above the median rent. 39.11% of households who rent are overburdened in Iron County.1

Area Median Income In Iron 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 Iron County, HUD calculates the Area Median Income for a family of four as $57,500

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 Iron 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 Iron County HUD Rental Assistance in Iron County

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 Iron County

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

From 1994 to 2003, 4 low income apartment communities containing 66 rental apartments have been constructed and made affordable to low income persons in Iron County 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 Iron County

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 Iron County 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 Iron County

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
$484 $542 $714 $941 $1,013

Cities In Iron County

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

City Listings Served By
Montreal 1 The HUD funded Public Housing Agency that serves Montreal is the Central Wisconsin Community Action Council Inc.
Mercer 3 The HUD funded Public Housing Agency that serves Mercer is the Central Wisconsin Community Action Council Inc.
Hurley 4 The HUD funded Public Housing Agencies that serve Hurley are the Hurley Housing Authority and Central Wisconsin Community Action Council Inc.
Saxon 0 The HUD funded Public Housing Agency that serves Saxon is the Central Wisconsin Community Action Council Inc.
Anderson 0 The HUD funded Public Housing Agency that serves Anderson is the Central Wisconsin Community Action Council Inc.
Carey 0 The HUD funded Public Housing Agency that serves Carey is the Central Wisconsin Community Action Council Inc.
Gurney 0 The HUD funded Public Housing Agency that serves Gurney is the Central Wisconsin Community Action Council Inc.
Iron Belt 0 The HUD funded Public Housing Agency that serves Iron Belt is the Central Wisconsin Community Action Council Inc.
Kimball 0 The HUD funded Public Housing Agency that serves Kimball is the Central Wisconsin Community Action Council Inc.
Knight 0 The HUD funded Public Housing Agency that serves Knight is the Central Wisconsin Community Action Council Inc.
Oma 0 The HUD funded Public Housing Agency that serves Oma is the Central Wisconsin Community Action Council Inc.
Pence 0 The HUD funded Public Housing Agency that serves Pence is the Central Wisconsin Community Action Council Inc.
Sherman 0 The HUD funded Public Housing Agency that serves Sherman is the Central Wisconsin Community Action Council Inc.