. Low Income Apartments For Rent in Minocqua, Wisconsin - Affordable Housing Online

Mary John Vanderloop Villa

8764 Handrick Rd
Minocqua, Wisconsin
S. 202

Veda Stone Villa

8694 Packing Plant Rd
Minocqua, Wisconsin
S. 811 Supportive

Cedar Park Estates

915 Cedar St
Minocqua, Wisconsin
Rent Assisted
S. 515 Rural
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There are 0 low-income apartments in Minocqua that offer reduced rents to eligible households.

Rental assistance programs support 35 low-income homes in Minocqua where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on April 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Minocqua, 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.

Housing Authority Programs
Wisconsin Housing and Economic Development Authority Section 8 Housing Choice Voucher (HCV)
Newcap Section 8 Housing Choice Voucher (HCV)
Go to the Wisconsin Public Housing and Low-Income Apartments Waiting Lists page for openings near Minocqua.

Minocqua, Wisconsin Affordable Housing Data

Income Based Apartments in Minocqua, Wisconsin

Minocqua features 35 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 Minocqua, Wisconsin

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

Housing Choice Vouchers in Minocqua, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Minocqua, Wisconsin for a two-bedroom apartment is between $824 and $1,008.

2023 Minocqua, 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
Minocqua, Wisconsin Fair Market Rent $643 $752 $916 $1,138 $1,335
Minocqua, Wisconsin Payment Standard Range $579 to $707 $677 to $827 $824 to $1,008 $1,024 to $1,252 $1,202 to $1,469

Sourced from federal housing data and AffordableHousingOnline.com research.

Minocqua, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 35
Total Housing Units with Rental Assistance 35
Percentage of Housing Units Occupied By Renters 45.18%
Average Renter Household Size 0.00
Average Household Size 1.46
Median Household Income $22,250 ±$13,177
Median Rent $491 ±$226
Percentage Of Renters Overburdened 74.16% ± 36.5pp
Total Population 288

Population and Household Demographics

Minocqua is a city in Oneida County, Wisconsin with a population of 288. There are 197 households in the city with an average household size of 1.46 persons. 45.18% of households in Minocqua are renters.

Income and Rent Overburden in Minocqua

The median gross income for households in Minocqua is $22,250 a year, or $1,854 a month. The median rent for the city is $491 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Minocqua, a household making less than $1,637 a month would be considered overburdened when renting an apartment at or above the median rent. 74.16% of households who rent are overburdened in Minocqua.

Area Median Income In Minocqua

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 Minocqua, the AMI is calculated from all households within Oneida County.

In Minocqua, HUD calculates the Area Median Income for a family of four as $88,500

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 Minocqua

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 Minocqua

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 Minocqua AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,000 $20,600 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Minocqua AMI may qualify for rental assistance programs that target Very Low Income households.
$30,000 $34,300 $38,600 $42,850 $46,300 $49,750 $53,150 $56,600
80% AMI Income Limits
Renters earning up to 80% of the Minocqua AMI may qualify for rental assistance programs that target Low Income households.
$48,000 $54,850 $61,700 $68,550 $74,050 $79,550 $85,050 $90,500