Affordable Housing In Oconto
Oconto County, Wisconsin

5 Low Income Apartment Communities In Oconto

Bayside Senior Apartments

237 Cook Ave
Oconto, WI
HCV Welcome

Meyer Manor

119 Memorial Dr
Oconto, WI

Okato Manor

407 Arbutus Ave
Oconto, WI

Chateau Pecor

422 Pecor St
Oconto, WI
Subsidized

Northland Oconto Apartments

130 Memorial Dr
Oconto, WI
HCV Welcome
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Housing Authorities that serve Oconto

Housing Authority Programs
Oconto Housing Authority Public Housing
Oconto County Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Oconto, Wisconsin

According to federal housing data and AffordableHousingOnline.com research, there are 5 low income housing apartment communities offering 179 affordable apartments for rent in Oconto, Wisconsin. Oconto features 107 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 72 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Oconto.

Oconto, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 179
Total Housing Units with Rental Assistance 107
Percentage of Housing Units Occupied By Renters 33.09%
Average Renter Household Size 2.08
Average Household Size 2.31
Median Household Income $42,563 ±$4,445
Median Rent $606 ±$42
Percentage Of Renters Overburdened 37.18% ± 12.59pp
Total Population 4,492

Population and Household Demographics

Oconto is a City in Oconto County, Wisconsin with a population of 4,492. There are 1,886 households in the city with an average household size of 2.31 persons. 33.09% of households in Oconto are renters.

Income and Rent Overburden in Oconto

The median gross income for households in Oconto is $42,563 a year, or $3,547 a month. The median rent for the city is $606 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Oconto, a household making less than $2,020 a month would be considered overburdened when renting an apartment at or above the median rent. 37.18% of households who rent are overburdened in Oconto.1

Area Median Income In Oconto

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 Oconto, the AMI is calculated from all households within Oconto County.

In Oconto, HUD calculates the Area Median Income for a family of four as $69,200

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 Oconto

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 Oconto HUD Rental Assistance in Oconto

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,550 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,250 $27,700 $31,150 $34,600 $37,400 $40,150 $42,950 $45,700
80% of Median $38,750 $44,300 $49,850 $55,350 $59,800 $64,250 $68,650 $73,100
Low Income Housing Tax Credits in Oconto

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1992 to 2011, 2 low income apartment communities containing 26 rental apartments have been constructed and made affordable to low income persons in Oconto by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Oconto

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,250 $27,700 $31,150 $34,600 $37,400 $40,150 $42,950 $45,700
60% of Median $29,100 $33,240 $37,380 $41,520 $44,880 $48,180 $51,540 $54,840

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Oconto is $37,380 a year, or $3,115 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,115 by 30% to get a maximum rent of $935 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $606 $649 $779 $900 $1,004 $1,108
60% $728 $779 $935 $1,080 $1,205 $1,330
Fair Market Rents in Oconto

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$513 $567 $714 $965 $1,142