Affordable Housing In Bayfield
La Plata County, Colorado

1 Low Income Apartment Communities In Bayfield

Pine River Valley

251 S Clover Ln
Bayfield, Colorado
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Section 8 Vouchers, Apartments, and Waiting Lists in Bayfield, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Bayfield, Colorado

Housing Authority Programs
Housing Solutions for the Southwest Section 8 Housing Choice Voucher (HCV); Veteran Affairs Supportive Housing (VASH); Family Unification Program (FUP)

Guide To Affordable Housing in Bayfield, Colorado

There are 1 low income housing apartment communities offering 16 affordable apartments for rent in Bayfield, Colorado.

Income Based Apartments in Bayfield, Colorado

Bayfield features 16 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 Bayfield, Colorado

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

Housing Choice Vouchers in Bayfield, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Bayfield, Colorado for a two-bedroom apartment is between $1,328 and $1,624.

2023 Bayfield, 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
Bayfield, Colorado Fair Market Rent $1,094 $1,307 $1,476 $1,916 $2,514
Bayfield, Colorado Payment Standard Range $985 to $1,203 $1,176 to $1,438 $1,328 to $1,624 $1,724 to $2,108 $2,263 to $2,765

Sourced from federal housing data and research.

Bayfield, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 16
Total Housing Units with Rental Assistance 16
Percentage of Housing Units Occupied By Renters 25.3%
Average Renter Household Size 2.44
Average Household Size 2.74
Median Household Income $64,087 ±$7,736
Median Rent $1,268 ±$244
Percentage Of Renters Overburdened 48.91% ± 22.86pp
Total Population 2,478

Population and Household Demographics

Bayfield is a city in La Plata County, Colorado with a population of 2,478. There are 905 households in the city with an average household size of 2.74 persons. 25.3% of households in Bayfield are renters.

Income and Rent Overburden in Bayfield

The median gross income for households in Bayfield is $64,087 a year, or $5,341 a month. The median rent for the city is $1,268 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bayfield, a household making less than $4,227 a month would be considered overburdened when renting an apartment at or above the median rent. 48.91% of households who rent are overburdened in Bayfield.

Area Median Income In Bayfield

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 Bayfield, the AMI is calculated from all households within La Plata County.

In Bayfield, HUD calculates the Area Median Income for a family of four as $101,300

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 Bayfield

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 Bayfield

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30% AMI Income Limits
Renters earning up to 30% of the Bayfield AMI may qualify for rental assistance programs that target Extremely Low Income households.
$20,650 $23,600 $26,550 $29,450 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Bayfield AMI may qualify for rental assistance programs that target Very Low Income households.
$34,350 $39,250 $44,150 $49,050 $53,000 $56,900 $60,850 $64,750
80% AMI Income Limits
Renters earning up to 80% of the Bayfield AMI may qualify for rental assistance programs that target Low Income households.
$54,950 $62,800 $70,650 $78,450 $84,750 $91,050 $97,300 $103,600