How many renters live in Ranchester, Wyoming?
The City of Ranchester has 967 people living in 327 households.
There are 117 renters living in 57 renter households in this City. Renters make up 12.1 percent of the population living in Ranchester.
What is the rental market like in Ranchester, Wyoming?
There are an estimated 351 housing units in the Ranchester area. Of these, 68 units are rental homes, making up 19 percent of the housing market. For every renter household in Ranchester, Wyoming, there are 1 rental units.
What is the vacancy rate for rentals in Ranchester?
The rental vacancy rate in Ranchester is 16 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 Ranchester for each bedroom size?
Occupied Rental Units by Size in Ranchester
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 6 | 38 | 13 | 0 |
Occupied Rental Units by Size in Ranchester
A large number of apartments in Ranchester 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 Ranchester are overburdened by housing costs?
Among renter households in this market, 35 percent have housing cost burden. Further, 32 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 Ranchester
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $875 to $1,802. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $875 |
| One BR | $876 |
| Two BR | $1,145 |
| Three BR | $1,384 |
| Four BR | $1,802 |
2024 Fair Market Rents in Ranchester, Wyoming
How many units are rented at Fair Market Rent (FMR) in Ranchester?
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 |
| One BR | 6 | 100 percent |
| Two BR | 37 | 97 percent |
Rental Units Below FMR in Ranchester, Wyoming
How many affordable rental units are in Ranchester?
Income Based Apartments in Ranchester, Wyoming
Ranchester features 30 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 Ranchester, Wyoming
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ranchester.
Housing Choice Vouchers in Ranchester, Wyoming
On average, Section 8 Housing Choice vouchers pay Ranchester landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Ranchester.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ranchester, Wyoming for a two-bedroom apartment is between $1,031 and $1,260.
Sourced from federal housing data and AffordableHousingOnline.com research.
