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There are 20 low-income apartments in Wagner that offer reduced rents to eligible households.
Rental assistance programs support 85 low-income homes in Wagner where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Wagner, South Dakota Affordable Housing Data
Income Based Apartments in Wagner, South Dakota
Wagner features 85 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Wagner, South Dakota
There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wagner.
Housing Choice Vouchers in Wagner, South Dakota
On average, Section 8 Housing Choice vouchers pay Wagner landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Wagner.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wagner, South Dakota for a two-bedroom apartment is between $815 and $996.
2024 Wagner, South Dakota Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Wagner, South Dakota Fair Market Rent | $785 | $805 | $905 | $1,269 | $1,413 |
| Wagner, South Dakota Payment Standard Range | $707 to $864 | $725 to $886 | $815 to $996 | $1,142 to $1,396 | $1,272 to $1,554 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Wagner, SD Affordable Housing Snapshot
| Total Affordable Apartment Properties | 6 |
|---|---|
| Total Low Income Apartments | 105 |
| Total Housing Units with Rental Assistance | 85 |
| Percentage of Housing Units Occupied By Renters | 41.78% |
| Average Renter Household Size | 2.32 |
| Average Household Size | 2.36 |
| Median Household Income | $34,958 ±$2,804 |
| Median Rent | $438 ±$106 |
| Percentage Of Renters Overburdened | 30.71% ± 10.02pp |
| Total Population | 1,572 |
Population and Household Demographics
Wagner is a city in Charles Mix County, South Dakota with a population of 1,572. There are 639 households in the city with an average household size of 2.36 persons. 41.78% of households in Wagner are renters.
Income and Rent Overburden in Wagner
The median gross income for households in Wagner is $34,958 a year, or $2,913 a month. The median rent for the city is $438 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wagner, a household making less than $1,460 a month would be considered overburdened when renting an apartment at or above the median rent. 30.71% of households who rent are overburdened in Wagner.
Area Median Income In Wagner
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Wagner, the AMI is calculated from all households within Charles Mix County.
In Wagner, HUD calculates the Area Median Income for a family of four as $72,100
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Wagner
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Wagner
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Wagner AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$17,450 | $19,950 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Wagner AMI may qualify for rental assistance programs that target Very Low Income households. |
$29,050 | $33,200 | $37,350 | $41,500 | $44,850 | $48,150 | $51,500 | $54,800 |
| 80% AMI Income Limits Renters earning up to 80% of the Wagner AMI may qualify for rental assistance programs that target Low Income households. |
$46,500 | $53,150 | $59,800 | $66,400 | $71,750 | $77,050 | $82,350 | $87,650 |
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