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Affordable Housing In Turtle Lake
Walworth County, Wisconsin

3 Low Income Apartment Communities In Turtle Lake

Turtle Lake Villas

201 Hickory St
Turtle Lake, Wisconsin

Wisconsin

660 Industrial St
Turtle Lake, Wisconsin

Lakeland Manor

285 Industrial Ave
Turtle Lake, Wisconsin
Subsidized
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Housing Authorities that serve Turtle Lake

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

Guide To Affordable Housing in Turtle Lake, Wisconsin

There are 3 low income housing apartment communities offering 55 affordable apartments for rent in Turtle Lake, Wisconsin.

Income Based Apartments in Turtle Lake, Wisconsin

Turtle Lake features 20 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 Turtle Lake, Wisconsin

There are 35 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Turtle Lake.

Housing Choice Vouchers in Turtle Lake, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Turtle Lake, Wisconsin for a two-bedroom apartment is between $810 and $990.

2020 Turtle 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
Fair Market Rent $586 $683 $900 $1,228 $1,384
Payment Standard Range $527 to $645 $615 to $751 $810 to $990 $1,105 to $1,351 $1,246 to $1,522

Sourced from federal housing data and AffordableHousingOnline.com research.

Turtle Lake, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 55
Total Housing Units with Rental Assistance 20
Percentage of Housing Units Occupied By Renters 8.72%
Average Renter Household Size 0.00
Average Household Size 2.03
Median Household Income $56,607 ±$9,068
Median Rent $0 ±$0
Percentage Of Renters Overburdened 0% ± 120pp
Total Population 350

Population and Household Demographics

Turtle Lake is a city in Walworth County, Wisconsin with a population of 350. There are 172 households in the city with an average household size of 2.03 persons. 8.72% of households in Turtle Lake are renters.

Income and Rent Overburden in Turtle Lake

The median gross income for households in Turtle Lake is $56,607 a year, or $4,717 a month. The median rent for the city is $0 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Turtle Lake, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 0% of households who rent are overburdened in Turtle Lake.

Area Median Income In Turtle 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 Turtle Lake, the AMI is calculated from all households within Walworth County.

In Turtle Lake, HUD calculates the Area Median Income for a family of four as $79,000

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 Turtle 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 Turtle Lake

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,600 $19,000 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $27,650 $31,600 $35,550 $39,500 $42,700 $45,850 $49,000 $52,150
80% of Median $44,250 $50,600 $56,900 $63,200 $68,300 $73,350 $78,400 $83,450