About This Property
Madison Place comprises 62 apartment units in Beaver Dam, Wisconsin, including 6 low-income units designated for residents meeting income requirements. The community features a mix of 33 one-bedroom and 29 two-bedroom units and has been in service since 2010. This property participates in the 9% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - Dodge 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 | $658 |
| 1 Bedroom | $768 |
| 2 Bedroom | $971 |
| 3 Bedroom | $1,313 |
| 4 Bedroom | $1,411 |
Income Limits - Dodge County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,350
- Very Low (50%)
- $27,300
- Low (80%)
- $43,650
- Extremely Low (30%)
- $18,700
- Very Low (50%)
- $31,200
- Low (80%)
- $49,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,100
- Low (80%)
- $56,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,950
- Low (80%)
- $62,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,100
- Low (80%)
- $67,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,200
- Low (80%)
- $72,300
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,300
- Low (80%)
- $77,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,450
- Low (80%)
- $82,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,350 | $27,300 | $43,650 |
| 2 Persons | $18,700 | $31,200 | $49,850 |
| 3 Persons | $21,960 | $35,100 | $56,100 |
| 4 Persons | $26,500 | $38,950 | $62,300 |
| 5 Persons | $31,040 | $42,100 | $67,300 |
| 6 Persons | $35,580 | $45,200 | $72,300 |
| 7 Persons | $40,120 | $48,300 | $77,300 |
| 8 Persons | $44,660 | $51,450 | $82,250 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Beaver Dam, WI?+
The Fair Market Rent (FMR) for Dodge County, WI is: $658 (Studio), $768 (1BR), $971 (2BR), $1313 (3BR), $1411 (4BR). Actual rent at subsidized properties like Madison Place is typically 30% of household income or less.
What size apartments are available at Madison Place?+
Madison Place offers the following unit types: 33 One-Bedroom, 29 Two-Bedroom units, for a total of 62 units.
Who manages Madison Place?+
Madison Place is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Dodge County, WI?+
For a 4-person household in Dodge County, WI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,950, Low Income (80% AMI): $62,300. These limits are set by HUD and updated annually.
What is the price range for apartments in Beaver Dam, WI?+
Based on Fair Market Rent for Dodge County, the estimated price range is: 1-bedroom: $768, 2-bedroom: $971. Actual rent at Madison Place may be lower for income-eligible households.
How do I apply for housing at Madison Place?+
Madison 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.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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