How many renters live in Del Norte, Colorado?
The City of Del Norte has 1,808 people living in 900 households.
There are 362 renters living in 211 renter households in this City. Renters make up 20.02 percent of the population living in Del Norte.
What is the rental market like in Del Norte, Colorado?
There are an estimated 1,021 housing units in the Del Norte area. Of these, 227 units are rental homes, making up 22 percent of the housing market. For every renter household in Del Norte, Colorado, there are 1 rental units.
What is the vacancy rate for rentals in Del Norte?
The rental vacancy rate in Del Norte is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Del Norte for each bedroom size?
Occupied Rental Units by Size in Del Norte
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 28 | 39 | 123 | 14 | 4 |
Occupied Rental Units by Size in Del Norte
A large number of apartments in Del Norte have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Del Norte are overburdened by housing costs?
Among renter households in this market, 45 percent have housing cost burden. Further, 9 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Del Norte
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $842 to $1,728. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $842 |
| One BR | $843 |
| Two BR | $1,073 |
| Three BR | $1,297 |
| Four BR | $1,728 |
2024 Fair Market Rents in Del Norte, Colorado
How many units are rented at Fair Market Rent (FMR) in Del Norte?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 28 | 100 percent |
| One BR | 32 | 82 percent |
| Two BR | 62 | 50 percent |
Rental Units Below FMR in Del Norte, Colorado
How many affordable rental units are in Del Norte?
There are a variety of federal affordable housing programs serving households in Del Norte, Colorado including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 12 |
| Section 8 Project-Based Rental Assistance | 24 |
| Section 202 Supportive Housing for the Elderly | 28 |
| USDA Section 515 Rural Rental Housing | 12 |
Tracked Units by Federal Program in Del Norte, Colorado
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Del Norte, Colorado
Del Norte features 36 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 Del Norte, Colorado
There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Del Norte.
Housing Choice Vouchers in Del Norte, Colorado
On average, Section 8 Housing Choice vouchers pay Del Norte landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Del Norte.
The maximum amount a voucher would pay on behalf of a low-income tenant in Del Norte, Colorado for a two-bedroom apartment is between $966 and $1,180.
Sourced from federal housing data and AffordableHousingOnline.com research.
