What HUD offices serve Trinidad, Colorado?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Trinidad.
How many renters live in Trinidad, Colorado?
The City of Trinidad has 8,334 people living in 3,930 households.
There are 2,573 renters living in 1,328 renter households in this City. Renters make up 30.87 percent of the population living in Trinidad.
What is the rental market like in Trinidad, Colorado?
There are an estimated 4,424 housing units in the Trinidad area. Of these, 1,391 units are rental homes, making up 31 percent of the housing market. For every renter household in Trinidad, Colorado, there are 1 rental units.
What is the vacancy rate for rentals in Trinidad?
The rental vacancy rate in Trinidad is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Trinidad for each bedroom size?
Occupied Rental Units by Size in Trinidad
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 61 | 262 | 613 | 322 | 62 |
Occupied Rental Units by Size in Trinidad
A large number of apartments in Trinidad 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 Trinidad are overburdened by housing costs?
Among renter households in this market, 45 percent have housing cost burden. Further, 23 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 Trinidad
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $797 to $1,571. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $797 |
| One BR | $895 |
| Two BR | $1,176 |
| Three BR | $1,451 |
| Four BR | $1,571 |
2024 Fair Market Rents in Trinidad, Colorado
How many units are rented at Fair Market Rent (FMR) in Trinidad?
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 | 38 | 62 percent |
| One BR | 194 | 74 percent |
| Two BR | 401 | 65 percent |
Rental Units Below FMR in Trinidad, Colorado
How many affordable rental units are in Trinidad?
There are a variety of federal affordable housing programs serving households in Trinidad, Colorado including the following:
| Federal Program | Unit Count |
| Public Housing | 196 |
| Section 8 Project-Based Rental Assistance | 126 |
| Section 811 Supportive Housing for Persons with Disabilities | 8 |
| USDA Section 515 Rural Rental Housing | 115 |
Tracked Units by Federal Program in Trinidad, Colorado
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Trinidad, Colorado
Trinidad features 269 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 Trinidad, Colorado
There are 41 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Trinidad.
Housing Choice Vouchers in Trinidad, Colorado
On average, Section 8 Housing Choice vouchers pay Trinidad landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Trinidad.
The maximum amount a voucher would pay on behalf of a low-income tenant in Trinidad, Colorado for a two-bedroom apartment is between $1,058 and $1,294.
Sourced from federal housing data and AffordableHousingOnline.com research.
