What HUD offices serve Sister Bay, Wisconsin?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Wisconsin Public Housing and Low-Income Apartments Waiting Lists page for openings near Sister Bay.
How many renters live in Sister Bay, Wisconsin?
The City of Sister Bay has 951 people living in 528 households.
There are 471 renters living in 291 renter households in this City. Renters make up 49.53 percent of the population living in Sister Bay.
What is the rental market like in Sister Bay, Wisconsin?
There are an estimated 1,396 housing units in the Sister Bay area. Of these, 442 units are rental homes, making up 32 percent of the housing market. For every renter household in Sister Bay, Wisconsin, there are 2 rental units.
What is the vacancy rate for rentals in Sister Bay?
The rental vacancy rate in Sister Bay is 34 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Sister Bay for each bedroom size?
Occupied Rental Units by Size in Sister Bay
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 3 | 93 | 115 | 75 | 5 |
Occupied Rental Units by Size in Sister Bay
A large number of apartments in Sister Bay 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 Sister Bay are overburdened by housing costs?
Among renter households in this market, 56 percent have housing cost burden. Further, 40 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 Sister Bay
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $717 to $1,385. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $717 |
| One BR | $779 |
| Two BR | $1,023 |
| Three BR | $1,261 |
| Four BR | $1,385 |
2024 Fair Market Rents in Sister Bay, Wisconsin
How many units are rented at Fair Market Rent (FMR) in Sister Bay?
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 |
| Studio | 0 | 100 percent |
| One BR | 21 | 23 percent |
| Two BR | 16 | 14 percent |
Rental Units Below FMR in Sister Bay, Wisconsin
How many affordable rental units are in Sister Bay?
There are a variety of federal affordable housing programs serving households in Sister Bay, Wisconsin including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 34 |
| Section 8 Project-Based Rental Assistance | 24 |
Tracked Units by Federal Program in Sister Bay, Wisconsin
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Sister Bay, Wisconsin
Sister Bay features 24 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 Sister Bay, Wisconsin
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sister Bay.
Housing Choice Vouchers in Sister Bay, Wisconsin
On average, Section 8 Housing Choice vouchers pay Sister Bay landlords $300 per month towards rent. The average voucher holder contributes $400 towards rent in Sister Bay.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sister Bay, Wisconsin for a two-bedroom apartment is between $921 and $1,125.
Sourced from federal housing data and AffordableHousingOnline.com research.
