Low Income Apartments and Affordable Housing For Rent in Neopit, WI

Discover affordable housing in Neopit where there are 2+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Middle Village

Wekopemeh and Nanackoh, Neopit, Wisconsin 54150

Middle Village Apartments Complex

W5107 Mahkukih, Neopit, Wisconsin 54150

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Neopit, Wisconsin
$17.82/hour
$10.57 (+146%) more than Wisconsin minimum wage and $10.57 (+146%) more than the Federal minimum wage.
Learn More About Neopit, Wisconsin Affordable Housing ↓

How many renters live in Neopit, Wisconsin?

The City of Neopit has 685 people living in 185 households.

There are 282 renters living in 62 renter households in this City. Renters make up 41.17 percent of the population living in Neopit.

What is the rental market like in Neopit, Wisconsin?

There are an estimated 197 housing units in the Neopit area. Of these, 62 units are rental homes, making up 31 percent of the housing market. For every renter household in Neopit, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Neopit?

The rental vacancy rate in Neopit 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 Neopit for each bedroom size?

Occupied Rental Units by Size in Neopit
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 3 14 32 8
Occupied Rental Units by Size in Neopit

A large number of apartments in Neopit 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 Neopit are overburdened by housing costs?

Among renter households in this market, 16 percent have housing cost burden. Further, 16 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 Neopit

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 Neopit, Wisconsin

How many units are rented at Fair Market Rent (FMR) in Neopit?

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 0 100 percent
Two BR 14 100 percent
Rental Units Below FMR in Neopit, Wisconsin

How many affordable rental units are in Neopit?

Income Based Apartments in Neopit, Wisconsin

Neopit features 12 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 Neopit, Wisconsin

There are 19 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Neopit.

Housing Choice Vouchers in Neopit, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Neopit, Wisconsin for a two-bedroom apartment is between $847 and $1,035.

Sourced from federal housing data and AffordableHousingOnline.com research.