Affordable Housing In Mequon
Ozaukee County, Wisconsin

3 Low Income Apartment Communities In Mequon

Oakwood Apartments

10833 N Port Washington Rd
Mequon, Wisconsin
Subsidized
62+
Accessible
Elderly Supportive Housing

Mequon Court

10935 N Port Washington Rd
Mequon, Wisconsin
Accepts Vouchers

River Oaks

11340 N Cedarburg Rd
Mequon, Wisconsin
Accepts Vouchers
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Guide To Affordable Housing in Mequon, Wisconsin

There are 3 low income housing apartment communities offering 93 affordable apartments for rent in Mequon, Wisconsin.

Income Based Apartments in Mequon, Wisconsin

Mequon features 41 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 Mequon, Wisconsin

There are 52 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mequon.

Housing Choice Vouchers in Mequon, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Mequon, Wisconsin for a two-bedroom apartment is between $830 and $1,014.

2020 Mequon, 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
Fair Market Rent $628 $761 $922 $1,177 $1,303
Payment Standard Range $565 to $691 $685 to $837 $830 to $1,014 $1,059 to $1,295 $1,173 to $1,433

Sourced from federal housing data and AffordableHousingOnline.com research.

Mequon, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 93
Total Housing Units with Rental Assistance 41
Percentage of Housing Units Occupied By Renters 13.58%
Average Renter Household Size 2.03
Average Household Size 2.49
Median Household Income $101,986 ±$6,298
Median Rent $1,335 ±$293
Percentage Of Renters Overburdened 42.72% ± 11.86pp
Total Population 23,494

Population and Household Demographics

Mequon is a City in Ozaukee County, Wisconsin with a population of 23,494. There are 9,307 households in the city with an average household size of 2.49 persons. 13.58% of households in Mequon are renters.

Income and Rent Overburden in Mequon

The median gross income for households in Mequon is $101,986 a year, or $8,499 a month. The median rent for the city is $1,335 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mequon, a household making less than $4,450 a month would be considered overburdened when renting an apartment at or above the median rent. 42.72% of households who rent are overburdened in Mequon.1

Area Median Income In Mequon

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 Mequon, the AMI is calculated from all households within Ozaukee County.

In Mequon, HUD calculates the Area Median Income for a family of four as $82,300

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 Mequon

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 Mequon

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,300 $19,800 $22,250 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $28,850 $32,950 $37,050 $41,150 $44,450 $47,750 $51,050 $54,350
80% of Median $46,100 $52,700 $59,300 $65,850 $71,150 $76,400 $81,700 $86,950