Affordable Housing In Polk County

31 Low Income Apartment Communities In Polk County

Osceola Village Apartments

550 Chieftain Street
Osceola, WI
1-2 BR
HCV Welcome

River Town Heights

201 S Adams St
Saint Croix Falls, WI
Elderly Supportive Housing

Forest Heights Apartments

408 Tower Rd
Saint Croix Falls, WI
Elderly Supportive Housing

Albert Skinner Villa

302 N State Road 46
Balsam Lake, WI
Disabled Supportive Housing

Pioneer Apartments

612 S 2nd St
Luck, WI
Elderly Supportive Housing

Osceola Villas

105 Meadow Lark Ln
Osceola, WI
HCV Welcome

Jacqueline Lawrence Villa

710 Polk Avenue
Centuria, WI
Elderly Supportive Housing

Sunnyview Apartments

150 Sunnyview Dr
Milltown, WI

Pinewood Apartments

Pinewood St
Amery, WI

Spruce Apartments

150 3rd St NW
Clear Lake, WI

Other Housing Authorities located in Polk County

Housing Authority Programs
Amery Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Frederic Housing Authority Public Housing
Luck Housing Authority Public Housing
Osceola Housing Authority Public Housing

Guide To Affordable Housing in Polk County, Wisconsin

There are 31 low income housing apartment communities offering 743 affordable apartments for rent in Polk County, Wisconsin. Polk County features 534 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 209 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Polk County.

Sourced from federal housing data and research.

Polk County, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 31
Total Low Income Apartments 743
Total Housing Units with Rental Assistance 534
Percentage of Housing Units Occupied By Renters 22.96%
Average Renter Household Size 2.22
Average Household Size 2.39
Median Household Income $50,714 ±$1,268
Median Rent $710 ±$21
Percentage Of Renters Overburdened 38.92% ± 3.9pp
Total Population 43,572

Population and Household Demographics

Polk County is a County in Wisconsin with a population of 43,572. There are 17,994 households in the county with an average household size of 2.39 persons. 22.96% of households in Polk County are renters.

Income and Rent Overburden in Polk County

The median gross income for households in Polk County is $50,714 a year, or $4,226 a month. The median rent for the county is $710 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Polk County, a household making less than $2,367 a month would be considered overburdened when renting an apartment at or above the median rent. 38.92% of households who rent are overburdened in Polk County.1

Area Median Income In Polk County

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.

In Polk County, HUD calculates the Area Median Income for a family of four as $66,800

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 Polk County

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 Polk County HUD Rental Assistance in Polk County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,350 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,950 $27,400 $30,800 $34,200 $36,950 $39,700 $42,450 $45,150
80% of Median $38,300 $43,800 $49,250 $54,700 $59,100 $63,500 $67,850 $72,250
Low Income Housing Tax Credits in Polk County

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

From 1988 to 2005, 6 low income apartment communities containing 100 rental apartments have been constructed and made affordable to low income persons in Polk County 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 Polk County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,950 $27,400 $30,800 $34,200 $36,950 $39,700 $42,450 $45,150
60% of Median $28,740 $32,880 $36,960 $41,040 $44,340 $47,640 $50,940 $54,180

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 Polk County is $36,960 a year, or $3,080 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,080 by 30% to get a maximum rent of $924 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% $599 $642 $770 $889 $993 $1,095
60% $719 $770 $924 $1,067 $1,191 $1,314
Fair Market Rents in Polk County

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
$547 $638 $840 $1,085 $1,138

Cities In Polk County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
St. Croix Falls 0
Saint Croix Falls 4
Milltown 2
Luck 6 The HUD funded Public Housing Agency that serves Luck is the Luck Housing Authority.
Balsam Lake 1
Centuria 3
Amery 4 The HUD funded Public Housing Agency that serves Amery is the Amery Housing Authority.
St Croix Falls 1
Clear Lake 4
Alden 0
Apple River 0
Beaver 0
Black Brook 0
Bone Lake 0
Clam Falls 0
Clayton 1
Dresser 0
Eureka 0
Farmington 0
Frederic 1
Garfield 0
Georgetown 0
Johnstown 0
Laketown 0
Lewis 0
Lincoln 0
Lorain 0
McKinley 0
Osceola 4
Sterling 0
West Sweden 0