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Affordable Housing In Somerset
St Croix County, Wisconsin

2 Low Income Apartment Communities In Somerset

Countryside Apartments

509 Germain St
Somerset, Wisconsin
Subsidized

Somerset Villas

401 Belisle St
Somerset, Wisconsin
Accepts Vouchers
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Guide To Affordable Housing in Somerset, Wisconsin

There are 2 low income housing apartment communities offering 48 affordable apartments for rent in Somerset, Wisconsin.

Income Based Apartments in Somerset, Wisconsin

Somerset 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 Somerset, Wisconsin

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Somerset.

Housing Choice Vouchers in Somerset, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Somerset, Wisconsin for a two-bedroom apartment is between $1,093 and $1,335.

2020 Somerset, 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 $820 $971 $1,214 $1,722 $2,025
Payment Standard Range $738 to $902 $874 to $1,068 $1,093 to $1,335 $1,550 to $1,894 $1,823 to $2,228

Sourced from federal housing data and AffordableHousingOnline.com research.

Somerset, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 48
Total Housing Units with Rental Assistance 24
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

Somerset is a city in St Croix 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 Somerset are renters.

Income and Rent Overburden in Somerset

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

Area Median Income In Somerset

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 Somerset, the AMI is calculated from all households within St Croix County.

In Somerset, HUD calculates the Area Median Income for a family of four as $103,400

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 Somerset

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 Somerset

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $21,700 $24,800 $27,900 $31,000 $33,500 $36,000 $39,640 $44,120
50% of Median $36,200 $41,400 $46,550 $51,700 $55,850 $60,000 $64,150 $68,250
80% of Median $54,950 $62,800 $70,650 $78,500 $84,800 $91,100 $97,350 $103,650