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Affordable Housing In Aetna Estates
Arapahoe County, Colorado

Housing Authorities that serve Aetna Estates

Housing Authority Programs
South Metro Housing Options Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Aetna Estates, Colorado

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Aetna Estates, Colorado.

Income Based Apartments in Aetna Estates, Colorado

Aetna Estates features 0 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 Aetna Estates, Colorado

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Aetna Estates.

Housing Choice Vouchers in Aetna Estates, Colorado

On average, Section 8 Housing Choice vouchers pay Aetna Estates landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Aetna Estates.

The maximum amount a voucher would pay on behalf of a low-income tenant in Aetna Estates, Colorado for a two-bedroom apartment is between $1,445 and $1,766.

2021 Aetna Estates, Colorado 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
Aetna Estates, Colorado Fair Market Rent $1,179 $1,304 $1,605 $2,186 $2,486
Aetna Estates, Colorado Payment Standard Range $1,061 to $1,297 $1,174 to $1,434 $1,445 to $1,766 $1,967 to $2,405 $2,237 to $2,735

Sourced from federal housing data and AffordableHousingOnline.com research.

Aetna Estates, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 51.01%
Average Renter Household Size 3.77
Average Household Size 3.36
Median Household Income $55,150 ±$40,042
Median Rent $879 ±$161
Percentage Of Renters Overburdened 57.06% ± 25.14pp
Total Population 1,165

Population and Household Demographics

Aetna Estates is a city in Arapahoe County, Colorado with a population of 1,165. There are 347 households in the city with an average household size of 3.36 persons. 51.01% of households in Aetna Estates are renters.

Income and Rent Overburden in Aetna Estates

The median gross income for households in Aetna Estates is $55,150 a year, or $4,596 a month. The median rent for the city is $879 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Aetna Estates, a household making less than $2,930 a month would be considered overburdened when renting an apartment at or above the median rent. 57.06% of households who rent are overburdened in Aetna Estates.

Area Median Income In Aetna Estates

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 Aetna Estates, the AMI is calculated from all households within Arapahoe County.

In Aetna Estates, HUD calculates the Area Median Income for a family of four as $104,800

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 Aetna Estates

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 Aetna Estates

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 Aetna Estates AMI may qualify for rental assistance programs that target Extremely Low Income households.
$22,050 $25,200 $28,350 $31,450 $34,000 $36,500 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Aetna Estates AMI may qualify for rental assistance programs that target Very Low Income households.
$36,700 $41,950 $47,200 $52,400 $56,600 $60,800 $65,000 $69,200
80% AMI Income Limits
Renters earning up to 80% of the Aetna Estates AMI may qualify for rental assistance programs that target Low Income households.
$55,950 $63,950 $71,950 $79,900 $86,300 $92,700 $99,100 $105,500