Affordable Housing In Lakewood
Oconto County, Wisconsin

Section 8 Vouchers, Apartments, and Waiting Lists in Lakewood, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Lakewood, Wisconsin

Housing Authority Programs
Oconto County Housing Authority Section 8 Housing Choice Voucher (HCV)
Wisconsin Housing and Economic Development Authority Section 8 Housing Choice Voucher (HCV)
Newcap Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Lakewood, Wisconsin

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Lakewood, Wisconsin.

Income Based Apartments in Lakewood, Wisconsin

Lakewood 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 Lakewood, Wisconsin

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

Housing Choice Vouchers in Lakewood, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lakewood, Wisconsin for a two-bedroom apartment is between $681 and $833.

2022 Lakewood, 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
Lakewood, Wisconsin Fair Market Rent $554 $610 $757 $993 $1,027
Lakewood, Wisconsin Payment Standard Range $499 to $609 $549 to $671 $681 to $833 $894 to $1,092 $924 to $1,130

Sourced from federal housing data and AffordableHousingOnline.com research.

Lakewood, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 28.66%
Average Renter Household Size 1.49
Average Household Size 1.96
Median Household Income $40,250 ±$6,827
Median Rent $563 ±$216
Percentage Of Renters Overburdened 31.11% ± 27.35pp
Total Population 308

Population and Household Demographics

Lakewood is a city in Oconto County, Wisconsin with a population of 308. There are 157 households in the city with an average household size of 1.96 persons. 28.66% of households in Lakewood are renters.

Income and Rent Overburden in Lakewood

The median gross income for households in Lakewood is $40,250 a year, or $3,354 a month. The median rent for the city is $563 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lakewood, a household making less than $1,877 a month would be considered overburdened when renting an apartment at or above the median rent. 31.11% of households who rent are overburdened in Lakewood.

Area Median Income In Lakewood

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 Lakewood, the AMI is calculated from all households within Oconto County.

In Lakewood, HUD calculates the Area Median Income for a family of four as $70,400

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 Lakewood

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 Lakewood

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 Lakewood AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,100 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Lakewood AMI may qualify for rental assistance programs that target Very Low Income households.
$25,150 $28,750 $32,350 $35,900 $38,800 $41,650 $44,550 $47,400
80% AMI Income Limits
Renters earning up to 80% of the Lakewood AMI may qualify for rental assistance programs that target Low Income households.
$40,250 $46,000 $51,750 $57,450 $62,050 $66,650 $71,250 $75,850