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Affordable Housing In Three Lakes
Oneida County, Wisconsin

1 Low Income Apartment Communities In Three Lakes

Old Orchard Estates Apartments

6972 Orchard Ln
Three Lakes, Wisconsin
Subsidized
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Housing Authorities that serve Three Lakes

Housing Authority Programs
Wisconsin Housing and Economic Development Authority Section 8 Housing Choice Voucher (HCV)
Newcap Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Three Lakes, Wisconsin

There are 1 low income housing apartment communities offering 72 affordable apartments for rent in Three Lakes, Wisconsin.

Income Based Apartments in Three Lakes, Wisconsin

Three Lakes features 72 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 Three Lakes, Wisconsin

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

Housing Choice Vouchers in Three Lakes, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Three Lakes, Wisconsin for a two-bedroom apartment is between $698 and $853.

2021 Three Lakes, 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
Three Lakes, Wisconsin Fair Market Rent $528 $673 $775 $1,032 $1,148
Three Lakes, Wisconsin Payment Standard Range $475 to $581 $606 to $740 $698 to $853 $929 to $1,135 $1,033 to $1,263

Sourced from federal housing data and AffordableHousingOnline.com research.

Three Lakes, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 72
Total Housing Units with Rental Assistance 72
Percentage of Housing Units Occupied By Renters 22.59%
Average Renter Household Size 1.70
Average Household Size 1.83
Median Household Income $40,938 ±$11,994
Median Rent $529 ±$113
Percentage Of Renters Overburdened 35.19% ± 49.86pp
Total Population 437

Population and Household Demographics

Three Lakes is a city in Oneida County, Wisconsin with a population of 437. There are 239 households in the city with an average household size of 1.83 persons. 22.59% of households in Three Lakes are renters.

Income and Rent Overburden in Three Lakes

The median gross income for households in Three Lakes is $40,938 a year, or $3,412 a month. The median rent for the city is $529 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Three Lakes, a household making less than $1,763 a month would be considered overburdened when renting an apartment at or above the median rent. 35.19% of households who rent are overburdened in Three Lakes.

Area Median Income In Three Lakes

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 Three Lakes, the AMI is calculated from all households within Oneida County.

In Three Lakes, HUD calculates the Area Median Income for a family of four as $72,400

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 Three Lakes

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 Three Lakes

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 Three Lakes AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,200 $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 Three Lakes AMI may qualify for rental assistance programs that target Very Low Income households.
$25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
80% AMI Income Limits
Renters earning up to 80% of the Three Lakes AMI may qualify for rental assistance programs that target Low Income households.
$40,550 $46,350 $52,150 $57,900 $62,550 $67,200 $71,800 $76,450