How many renters live in Menominee County, Wisconsin?
The County of Menominee County has 4,279 people living in 1,307 households.
There are 1,733 renters living in 390 renter households in this County. Renters make up 40.5 percent of the population living in Menominee County.
What is the rental market like in Menominee County, Wisconsin?
There are an estimated 2,154 housing units in the Menominee County area. Of these, 390 units are rental homes, making up 18 percent of the housing market. For every renter household in Menominee County, Wisconsin, there are 1 rental units.
What is the vacancy rate for rentals in Menominee County?
The rental vacancy rate in Menominee County is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Menominee County for each bedroom size?
Occupied Rental Units by Size in Menominee County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 19 | 30 | 202 | 127 |
Occupied Rental Units by Size in Menominee County
A large number of apartments in Menominee County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Menominee County are overburdened by housing costs?
Among renter households in this market, 27 percent have housing cost burden. Further, 21 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Menominee County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $660 to $1,319. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $660 |
| One BR | $716 |
| Two BR | $941 |
| Three BR | $1,174 |
| Four BR | $1,319 |
2024 Fair Market Rents in Menominee County, Wisconsin
How many units are rented at Fair Market Rent (FMR) in Menominee County?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 14 | 74 percent |
| Two BR | 30 | 100 percent |
Rental Units Below FMR in Menominee County, Wisconsin
How many affordable rental units are in Menominee County?
There are a variety of federal affordable housing programs serving households in Menominee County, Wisconsin including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 66 |
| Section 8 Project-Based Rental Assistance | 16 |
Tracked Units by Federal Program in Menominee County, Wisconsin
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Menominee County, Wisconsin
Menominee County features 32 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 Menominee County, Wisconsin
There are 43 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Menominee County.
Housing Choice Vouchers in Menominee County, Wisconsin
On average, Section 8 Housing Choice vouchers pay Menominee County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Menominee County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Menominee County, Wisconsin for a two-bedroom apartment is between $847 and $1,035.
Sourced from federal housing data and AffordableHousingOnline.com research.
