About This Property
Terrace Heights Apts contains 50 low-income units in Wausau, Wisconsin and has served families since its placement in service in 2003. The property offers 41 two-bedroom and 9 three-bedroom units. Marathon County residents can contact the property management for leasing information and availability.
Waitlist Information
Waitlist managed by Wausau Community Development Agency
This program consists of 2 accessible units. Eligibility is typically based on income, family size, and other factors, with a homeless waitlist preference implemented in April 2020.
The HCV waiting list last accepted applications from March 25, 2024, until April 12, 2024. A homeless waitlist preference was implemented in April 2020, and selected applicants were placed by random lottery.
Waitlist data provided by section8waitlist.org
Updated September 7, 2026
Property Details
Fair Market Rent - Marathon 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 | $691 |
| 1 Bedroom | $776 |
| 2 Bedroom | $1,020 |
| 3 Bedroom | $1,324 |
| 4 Bedroom | $1,358 |
Income Limits - Marathon County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,700
- Very Low (50%)
- $27,800
- Low (80%)
- $44,450
- Extremely Low (30%)
- $19,050
- Very Low (50%)
- $31,750
- Low (80%)
- $50,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,700
- Low (80%)
- $57,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,650
- Low (80%)
- $63,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,850
- Low (80%)
- $68,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,000
- Low (80%)
- $73,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,200
- Low (80%)
- $78,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,350
- Low (80%)
- $83,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,700 | $27,800 | $44,450 |
| 2 Persons | $19,050 | $31,750 | $50,800 |
| 3 Persons | $21,960 | $35,700 | $57,150 |
| 4 Persons | $26,500 | $39,650 | $63,450 |
| 5 Persons | $31,040 | $42,850 | $68,550 |
| 6 Persons | $35,580 | $46,000 | $73,650 |
| 7 Persons | $40,120 | $49,200 | $78,700 |
| 8 Persons | $44,660 | $52,350 | $83,800 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Wausau, WI?+
The Fair Market Rent (FMR) for Marathon County, WI is: $691 (Studio), $776 (1BR), $1020 (2BR), $1324 (3BR), $1358 (4BR). Actual rent at subsidized properties like Terrace Heights Apts is typically 30% of household income or less.
What size apartments are available at Terrace Heights Apts?+
Terrace Heights Apts offers the following unit types: 41 Two-Bedroom, 9 Three-Bedroom units, for a total of 50 units.
Is there a waitlist for Terrace Heights Apts?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at Terrace Heights Apts?+
Terrace Heights Apts 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.
Who manages Terrace Heights Apts?+
Terrace Heights Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Terrace Heights Apts?+
Terrace Heights Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Marathon County, WI?+
For a 4-person household in Marathon County, WI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,650, Low Income (80% AMI): $63,450. These limits are set by HUD and updated annually.
What is the price range for apartments in Wausau, WI?+
Based on Fair Market Rent for Marathon County, the estimated price range is: 2-bedroom: $1020, 3-bedroom: $1324. Actual rent at Terrace Heights Apts may be lower for income-eligible households.
Contact Information
Location
Marathon County, WI
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