Affordable Housing In Minocqua
Oneida County, Wisconsin

3 Low Income Apartment Communities In Minocqua

Veda Stone Villa

8694 Packing Plant Rd
Minocqua, Wisconsin
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Mary John Vanderloop Villa

8764 Handrick Rd
Minocqua, Wisconsin
Subsidized
62+
Accessible
Elderly Supportive Housing

Cedar Park Estates

915 Cedar St
Minocqua, Wisconsin
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Section 8 Vouchers, Apartments, and Waiting Lists in 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.

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 Minocqua, Wisconsin

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

Guide To Affordable Housing in Minocqua, Wisconsin

There are 3 low income housing apartment communities offering 35 affordable apartments for rent in Minocqua, Wisconsin.

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 $740 and $904.

2022 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 $567 $712 $822 $1,069 $1,202
Minocqua, Wisconsin Payment Standard Range $510 to $624 $641 to $783 $740 to $904 $962 to $1,176 $1,082 to $1,322

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 $72,400

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 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.
$15,200 $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 Minocqua AMI may qualify for rental assistance programs that target Very Low Income households.
$25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
80% AMI Income Limits
Renters earning up to 80% of the Minocqua AMI may qualify for rental assistance programs that target Low Income households.
$40,550 $46,350 $52,150 $57,900 $62,550 $67,200 $71,800 $76,450