What HUD offices serve Montello, 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.
Go to the Wisconsin Public Housing and Low-Income Apartments Waiting Lists page for openings near Montello.
How many renters live in Montello, Wisconsin?
The City of Montello has people living in households.
There are renters living in renter households in this City. Renters make up 28.19 percent of the population living in Montello.
What is the rental market like in Montello, Wisconsin?
There are an estimated housing units in the Montello area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Montello, Wisconsin, there are 1.08 rental units.
What is the vacancy rate for rentals in Montello?
The rental vacancy rate in Montello is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Montello for each bedroom size?
Occupied Rental Units by Size in Montello
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 4 | 102 | 65 | 40 | 10 |
Occupied Rental Units by Size in Montello
A large number of apartments in Montello have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Montello
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $635 to $1,293. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $635 |
| One BR | $689 |
| Two BR | $905 |
| Three BR | $1,158 |
| Four BR | $1,293 |
2024 Fair Market Rents in Montello, Wisconsin
How many units are rented at Fair Market Rent (FMR) in Montello?
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 |
| Studio | 4 | 100 percent |
| One BR | 89 | 87 percent |
| Two BR | 49 | 75 percent |
Rental Units Below FMR in Montello, Wisconsin
How many affordable rental units are in Montello?
There are a variety of federal affordable housing programs serving households in Montello, Wisconsin including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Montello, Wisconsin
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Montello, Wisconsin
Montello features 26 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 Montello, Wisconsin
There are 50 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montello.
Housing Choice Vouchers in Montello, Wisconsin
On average, Section 8 Housing Choice vouchers pay Montello landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Montello.
The maximum amount a voucher would pay on behalf of a low-income tenant in Montello, Wisconsin for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.