About This Property
Lake Oaks II is a 85-unit affordable housing community in Racine, Wisconsin that includes 67 low-income units. The property offers a mix of 41 one-bedroom and 44 two-bedroom apartments and has been in service since 1996. This community participates in the 9% Low-Income Housing Tax Credit program.
Waitlist Information
Waitlist managed by Housing Authority of Racine County
All waitlists were indicated to close on December 19, 2025, suggesting that if a Public Housing waitlist existed for general applications, it is currently closed.
The Housing Authority of Racine County's Housing Choice Voucher (HCV) waiting list is currently closed.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Racine 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 | $740 |
| 1 Bedroom | $842 |
| 2 Bedroom | $1,092 |
| 3 Bedroom | $1,429 |
| 4 Bedroom | $1,662 |
Income Limits - Racine County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,250
- Very Low (50%)
- $27,050
- Low (80%)
- $43,250
- Extremely Low (30%)
- $18,550
- Very Low (50%)
- $30,900
- Low (80%)
- $49,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,750
- Low (80%)
- $55,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,600
- Low (80%)
- $61,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,700
- Low (80%)
- $66,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,800
- Low (80%)
- $71,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,900
- Low (80%)
- $76,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,000
- Low (80%)
- $81,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,250 | $27,050 | $43,250 |
| 2 Persons | $18,550 | $30,900 | $49,400 |
| 3 Persons | $21,960 | $34,750 | $55,600 |
| 4 Persons | $26,500 | $38,600 | $61,750 |
| 5 Persons | $31,040 | $41,700 | $66,700 |
| 6 Persons | $35,580 | $44,800 | $71,650 |
| 7 Persons | $40,120 | $47,900 | $76,600 |
| 8 Persons | $44,660 | $51,000 | $81,550 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Racine, WI?+
The Fair Market Rent (FMR) for Racine County, WI is: $740 (Studio), $842 (1BR), $1092 (2BR), $1429 (3BR), $1662 (4BR). Actual rent at subsidized properties like Lake Oaks Ii is typically 30% of household income or less.
What size apartments are available at Lake Oaks Ii?+
Lake Oaks Ii offers the following unit types: 41 One-Bedroom, 44 Two-Bedroom units, for a total of 85 units.
How do I apply for housing at Lake Oaks Ii?+
Lake Oaks Ii 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 are the income limits for affordable housing in Racine County, WI?+
For a 4-person household in Racine County, WI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,600, Low Income (80% AMI): $61,750. These limits are set by HUD and updated annually.
What is the price range for apartments in Racine, WI?+
Based on Fair Market Rent for Racine County, the estimated price range is: 1-bedroom: $842, 2-bedroom: $1092. Actual rent at Lake Oaks Ii may be lower for income-eligible households.
Is there a waitlist for Lake Oaks Ii?+
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.
Who manages Lake Oaks Ii?+
Lake Oaks Ii is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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