Affordable Housing programs support 653 income based apartments in Wood County where households pay rent based on how much they earn.
There are 309 affordable apartments in Wood County that offer reduced rents to low-income households.
There are no open Section 8 Housing Choice Voucher waiting lists in Wood County. Go to the Wisconsin Section 8 Waiting Lists page for openings near Wood County.
Wood County features 653 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
There are 309 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wood County.
On average, Section 8 Housing Choice vouchers pay Wood County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Wood County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wood County, Wisconsin for a two-bedroom apartment is between $773 and $945.
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|
|Wood County, Wisconsin Fair Market Rent||$574||$653||$859||$1,109||$1,154|
|Wood County, Wisconsin Payment Standard Range||$517 to $631||$588 to $718||$773 to $945||$998 to $1,220||$1,039 to $1,269|
Sourced from federal housing data and AffordableHousingOnline.com research.
|Total Affordable Apartment Properties||26|
|Total Low Income Apartments||962|
|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|
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.
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.
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 $76,200
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 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.
|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 Wood County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Wood County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Wood County AMI may qualify for rental assistance programs that target Low Income households.