About This Property
Terrace Heights Apts comprises 50 low-income units in Wausau, Wisconsin, serving families with a mix of 41 two-bedroom and 9 three-bedroom apartments. The property has been in service since 2003 and operates in Marathon County.
Waitlist Information
Waitlist managed by Wausau Community Development Agency
Riverview Towers waitlist is open indefinitely, offering 147 one-bedroom and two two-bedroom units for eligible individuals 55 years or older, or disabled. Rent is based on 30% of adjusted gross income and includes utilities.
The Housing Choice Voucher (Section 8) waiting list closed on April 12, 2024, at 3:30 PM.
Waitlist data provided by section8waitlist.org
Updated May 29, 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.
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.
Is there a waitlist for Terrace Heights Apts?+
Public Housing waitlist is currently Open. 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.
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.
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.
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.
Who manages Terrace Heights Apts?+
Terrace Heights Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Location
Marathon County, WI
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