About This Property
The Element on Main, formerly known as Hamilton Place, contains 240 units in Sun Prairie, Wisconsin, with a unit mix of 52 one-bedroom, 136 two-bedroom, and 52 three-bedroom apartments. Six units are designated as low-income housing, and the property has been in service since 2018 under 4% LIHTC financing. Management services are available upon inquiry.
Property Details
Fair Market Rent - Dane County, WI
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,004 |
| 1 Bedroom | $1,182 |
| 2 Bedroom | $1,372 |
| 3 Bedroom | $1,808 |
| 4 Bedroom | $1,986 |
Income Limits - Dane County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $21,700
- Very Low (50%)
- $36,100
- Low (80%)
- $55,950
- Extremely Low (30%)
- $24,800
- Very Low (50%)
- $41,250
- Low (80%)
- $63,950
- Extremely Low (30%)
- $27,900
- Very Low (50%)
- $46,400
- Low (80%)
- $71,950
- Extremely Low (30%)
- $30,950
- Very Low (50%)
- $51,550
- Low (80%)
- $79,900
- Extremely Low (30%)
- $33,450
- Very Low (50%)
- $55,700
- Low (80%)
- $86,300
- Extremely Low (30%)
- $35,950
- Very Low (50%)
- $59,800
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $63,950
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $68,050
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $21,700 | $36,100 | $55,950 |
| 2 Persons | $24,800 | $41,250 | $63,950 |
| 3 Persons | $27,900 | $46,400 | $71,950 |
| 4 Persons | $30,950 | $51,550 | $79,900 |
| 5 Persons | $33,450 | $55,700 | $86,300 |
| 6 Persons | $35,950 | $59,800 | $92,700 |
| 7 Persons | $40,120 | $63,950 | $99,100 |
| 8 Persons | $44,660 | $68,050 | $105,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Sun Prairie, WI?+
The Fair Market Rent (FMR) for Dane County, WI is: $1004 (Studio), $1182 (1BR), $1372 (2BR), $1808 (3BR), $1986 (4BR). Actual rent at subsidized properties like The Element on Main Formerly Hamilton Place is typically 30% of household income or less.
What size apartments are available at The Element on Main Formerly Hamilton Place?+
The Element on Main Formerly Hamilton Place offers the following unit types: 52 One-Bedroom, 136 Two-Bedroom, 52 Three-Bedroom units, for a total of 240 units.
Who manages The Element on Main Formerly Hamilton Place?+
The Element on Main Formerly Hamilton Place is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Dane County, WI?+
For a 4-person household in Dane County, WI, the income limits are: Extremely Low Income (30% AMI): $30,950, Very Low Income (50% AMI): $51,550, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
How do I apply for housing at The Element on Main Formerly Hamilton Place?+
The Element on Main Formerly Hamilton Place is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the price range for apartments in Sun Prairie, WI?+
Based on Fair Market Rent for Dane County, the estimated price range is: 1-bedroom: $1182, 2-bedroom: $1372, 3-bedroom: $1808. Actual rent at The Element on Main Formerly Hamilton Place may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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