Affordable Housing In Lancaster
Grant County, Wisconsin

4 Low Income Apartment Communities In Lancaster

Sunrise Valley

703 S Washington St
Lancaster, WI

Sunrise Valley a and B

611 S Washington St
Lancaster, WI

Sunrise Valley C and D

669 S Washington St
Lancaster, WI

Lancaster Senior Village

613 Pigeon Creek Dr
Lancaster, WI
HCV Welcome
  • «
  • 1
  • »

Guide To Affordable Housing in Lancaster, Wisconsin

There are 4 low income housing apartment communities offering 121 affordable apartments for rent in Lancaster, Wisconsin. Lancaster features 64 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 57 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Lancaster.

Sourced from federal housing data and research.

Lancaster, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 121
Total Housing Units with Rental Assistance 64
Percentage of Housing Units Occupied By Renters 31.18%
Average Renter Household Size 1.84
Average Household Size 2.24
Median Household Income $44,118 ±$7,771
Median Rent $516 ±$43
Percentage Of Renters Overburdened 34.62% ± 14.43pp
Total Population 3,811

Population and Household Demographics

Lancaster is a City in Grant County, Wisconsin with a population of 3,811. There are 1,658 households in the city with an average household size of 2.24 persons. 31.18% of households in Lancaster are renters.

Income and Rent Overburden in Lancaster

The median gross income for households in Lancaster is $44,118 a year, or $3,677 a month. The median rent for the city is $516 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lancaster, a household making less than $1,720 a month would be considered overburdened when renting an apartment at or above the median rent. 34.62% of households who rent are overburdened in Lancaster.1

Area Median Income In Lancaster

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 Lancaster, the AMI is calculated from all households within Grant County.

In Lancaster, HUD calculates the Area Median Income for a family of four as $65,900

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 Lancaster

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 Lancaster HUD Rental Assistance in Lancaster

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
Fair Market Rents in Lancaster

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
$562 $566 $715 $939 $1,255