About This Property
Echo Hollow Senior Apts comprises 12 low-income units in Mercer, Wisconsin, with 10 one-bedroom and 2 two-bedroom floor plans. The property has been in service since 1994 and serves seniors in Iron County.
Property Details
Fair Market Rent - Iron 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 | $635 |
| 1 Bedroom | $703 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,094 |
| 4 Bedroom | $1,284 |
Income Limits - Iron County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,100
- Very Low (50%)
- $25,150
- Low (80%)
- $40,250
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,750
- Low (80%)
- $46,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,350
- Low (80%)
- $51,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,900
- Low (80%)
- $57,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,800
- Low (80%)
- $62,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,650
- Low (80%)
- $66,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,550
- Low (80%)
- $71,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,400
- Low (80%)
- $75,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,100 | $25,150 | $40,250 |
| 2 Persons | $17,420 | $28,750 | $46,000 |
| 3 Persons | $21,960 | $32,350 | $51,750 |
| 4 Persons | $26,500 | $35,900 | $57,450 |
| 5 Persons | $31,040 | $38,800 | $62,050 |
| 6 Persons | $35,580 | $41,650 | $66,650 |
| 7 Persons | $40,120 | $44,550 | $71,250 |
| 8 Persons | $44,660 | $47,400 | $75,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mercer, WI?+
The Fair Market Rent (FMR) for Iron County, WI is: $635 (Studio), $703 (1BR), $905 (2BR), $1094 (3BR), $1284 (4BR). Actual rent at subsidized properties like Echo Hollow Senior Apts is typically 30% of household income or less.
What size apartments are available at Echo Hollow Senior Apts?+
Echo Hollow Senior Apts offers the following unit types: 10 One-Bedroom, 2 Two-Bedroom units, for a total of 12 units.
What are the income limits for affordable housing in Iron County, WI?+
For a 4-person household in Iron County, WI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,900, Low Income (80% AMI): $57,450. These limits are set by HUD and updated annually.
Who manages Echo Hollow Senior Apts?+
Echo Hollow Senior Apts is managed by . You can reach them at .
How do I apply for housing at Echo Hollow Senior Apts?+
Echo Hollow Senior Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Mercer, WI?+
Based on Fair Market Rent for Iron County, the estimated price range is: 1-bedroom: $703, 2-bedroom: $905. Actual rent at Echo Hollow Senior Apts may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.