Affordable Housing In Pound
Marinette County, Wisconsin

Housing Authorities that serve Pound

Housing Authority Programs
Marinette County Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Pound, Wisconsin

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Pound, Wisconsin.

Income Based Apartments in Pound, Wisconsin

Pound features 0 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 Pound, Wisconsin

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pound.

Housing Choice Vouchers in Pound, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Pound, Wisconsin for a two-bedroom apartment is between $651 and $795.

2020 Pound, 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
Fair Market Rent $526 $549 $723 $902 $1,024
Payment Standard Range $473 to $579 $494 to $604 $651 to $795 $812 to $992 $922 to $1,126

Sourced from federal housing data and AffordableHousingOnline.com research.

Pound, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0
Total Population 0

Population and Household Demographics

Pound is a City in Marinette County, Wisconsin with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Pound are renters.

Income and Rent Overburden in Pound

The median gross income for households in Pound is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Pound

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 Pound, the AMI is calculated from all households within Marinette County.

In Pound, HUD calculates the Area Median Income for a family of four as $58,000

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 Pound

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 Pound HUD Rental Assistance in Pound

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