Affordable Housing In Wood County

24 Low Income Apartment Communities In Wood County

Cranberry Woods

2241 14th St S
Wisconsin Rapids, WI
2-3 BR
HCV Welcome
VASH Welcome

Woodco Housing

6491 Robert St
Vesper, WI
Income Based
2 BR


Nekoosa, WI
2 BR
HCV Welcome

Pine Creek II

2626 12th St S
Wisconsin Rapids, WI
Call For Rent
2-3 BR

Duane Flogstad Villa

2710 12th St S
Wisconsin Rapids, WI
Disabled Supportive Housing

Jerry Drahos Villa

1320 Pepper Avenue
Wisconsin Rapids, WI
Disabled Supportive Housing

Woodlake East

1055 Market St
Nekoosa, WI

Parkside Community Apartments Aka the Covey

135 N Section St
Nekoosa, WI

Anne Auburn Village

310 N 1st St
Auburndale, WI

Nancy Nye Villa

5316 6th Avenue
Pittsville, WI
Elderly Supportive Housing

Other Housing Authorities located in Wood County

Housing Authority Programs
Marshfield Community Development Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Wisconsin Rapids Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Wood County, Wisconsin

There are 24 low income housing apartment communities offering 922 affordable apartments for rent in Wood County, Wisconsin. Wood County features 653 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 269 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Wood County.

Sourced from federal housing data and research.

Wood County, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 24
Total Low Income Apartments 922
Total Housing Units with Rental Assistance 653
Percentage of Housing Units Occupied By Renters 25.54%
Average Renter Household Size 1.99
Average Household Size 2.30
Median Household Income $48,961 ±$1,413
Median Rent $617 ±$17
Percentage Of Renters Overburdened 40.81% ± 3.47pp
Total Population 74,012

Population and Household Demographics

Wood County is a County in Wisconsin with a population of 74,012. There are 31,717 households in the county with an average household size of 2.30 persons. 25.54% of households in Wood County are renters.

Income and Rent Overburden in Wood County

The median gross income for households in Wood County is $48,961 a year, or $4,080 a month. The median rent for the county is $617 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wood County, a household making less than $2,057 a month would be considered overburdened when renting an apartment at or above the median rent. 40.81% of households who rent are overburdened in Wood County.1

Area Median Income In Wood County

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.

In Wood County, HUD calculates the Area Median Income for a family of four as $70,600

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 Wood County

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 Wood County HUD Rental Assistance in Wood County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,850 $17,000 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,750 $28,250 $31,800 $35,300 $38,150 $40,950 $43,800 $46,600
80% of Median $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Low Income Housing Tax Credits in Wood County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2007, 8 low income apartment communities containing 220 rental apartments have been constructed and made affordable to low income persons in Wood County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Wood County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,750 $28,250 $31,800 $35,300 $38,150 $40,950 $43,800 $46,600
60% of Median $29,700 $33,900 $38,160 $42,360 $45,780 $49,140 $52,560 $55,920

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Wood County is $38,160 a year, or $3,180 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,180 by 30% to get a maximum rent of $954 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $619 $663 $795 $918 $1,024 $1,130
60% $743 $795 $954 $1,102 $1,229 $1,356
Fair Market Rents in Wood County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$499 $574 $756 $952 $1,024

Cities In Wood County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Wisconsin Rapids 13 The HUD funded Public Housing Agency that serves Wisconsin Rapids is the Wisconsin Rapids Housing Authority.
Nekoosa 4
Cameron 2
Auburndale 1
Vesper 1
Pittsville 2
Port Edwards 1
Milladore 0
Rudolph 0
Arpin 0
Babcock 0
Biron 0
Cary 0
Cranmoor 0
Dexter 0
Grand Rapids 0
Hansen 0
Hewitt 0
Hiles 0
Lake Wazeecha 0
Lincoln 0
Marshfield 0
Remington 0
Richfield 0
Rock 0
Saratoga 0
Seneca 0
Sherry 0
Sigel 0
Wood 0