How many renters live in Sundance, Wyoming?
The City of Sundance has 1,102 people living in 444 households.
There are 322 renters living in 153 renter households in this City. Renters make up 29.22 percent of the population living in Sundance.
What is the rental market like in Sundance, Wyoming?
There are an estimated 544 housing units in the Sundance area. Of these, 166 units are rental homes, making up 31 percent of the housing market. For every renter household in Sundance, Wyoming, there are 1 rental units.
What is the vacancy rate for rentals in Sundance?
The rental vacancy rate in Sundance is 4 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 Sundance for each bedroom size?
Occupied Rental Units by Size in Sundance
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 75 | 12 | 18 | 46 | 2 |
Occupied Rental Units by Size in Sundance
A large number of apartments in Sundance 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 Sundance are overburdened by housing costs?
Among renter households in this market, 34 percent have housing cost burden. Further, 14 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 Sundance
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $754 to $1,525. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $754 |
| One BR | $817 |
| Two BR | $917 |
| Three BR | $1,292 |
| Four BR | $1,525 |
2024 Fair Market Rents in Sundance, Wyoming
How many units are rented at Fair Market Rent (FMR) in Sundance?
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 | 75 | 100 percent |
| One BR | 0 | 100 percent |
| Two BR | 11 | 61 percent |
Rental Units Below FMR in Sundance, Wyoming
How many affordable rental units are in Sundance?
There are a variety of federal affordable housing programs serving households in Sundance, Wyoming including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 12 |
Tracked Units by Federal Program in Sundance, Wyoming
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Sundance, Wyoming
Sundance features 12 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 Sundance, Wyoming
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sundance.
Housing Choice Vouchers in Sundance, Wyoming
On average, Section 8 Housing Choice vouchers pay Sundance landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Sundance.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sundance, Wyoming for a two-bedroom apartment is between $825 and $1,009.
Sourced from federal housing data and AffordableHousingOnline.com research.
