Affordable Housing In Round Lake
Sawyer County, Wisconsin

Housing Authorities that serve Round Lake

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

Guide To Affordable Housing in Round Lake, Wisconsin

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

Income Based Apartments in Round Lake, Wisconsin

Round Lake 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 Round Lake, Wisconsin

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

Housing Choice Vouchers in Round Lake, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Round Lake, Wisconsin for a two-bedroom apartment is between $690 and $844.

2021 Round Lake, 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
Round Lake, Wisconsin Fair Market Rent $523 $582 $767 $954 $1,040
Round Lake, Wisconsin Payment Standard Range $471 to $575 $524 to $640 $690 to $844 $859 to $1,049 $936 to $1,144

Sourced from federal housing data and AffordableHousingOnline.com research.

Round Lake, 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

Round Lake is a city in Sawyer 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 Round Lake are renters.

Income and Rent Overburden in Round Lake

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

Area Median Income In Round Lake

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 Round Lake, the AMI is calculated from all households within Sawyer County.

In Round Lake, 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 Round Lake

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 HUD Rental Assistance in Round Lake

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Round Lake AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,100 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Round Lake AMI may qualify for rental assistance programs that target Very Low Income households.
$25,150 $28,750 $32,350 $35,900 $38,800 $41,650 $44,550 $47,400
80% AMI Income Limits
Renters earning up to 80% of the Round Lake AMI may qualify for rental assistance programs that target Low Income households.
$40,250 $46,000 $51,750 $57,450 $62,050 $66,650 $71,250 $75,850