Boulder County, Colorado Affordable Housing
Waiting Lists in Boulder County, Colorado
There are no open Section 8 Housing Choice Voucher waiting lists in Boulder County. Go to the Colorado Section 8 Waiting Lists page for openings near Boulder County.
Finding Affordable Housing in Boulder County, Colorado
There are 4,242 low-income apartments in Boulder County that offer reduced rents to eligible households. Low-income rents in Boulder County, Colorado can range from $600 to $1,856 depending on the number of bedrooms.
Rental assistance programs support 1,126 low-income homes in Boulder County where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $393 towards rent each month.
The Hearthstone
The Lodge at Hover Crossing
Affordable Housing In Boulder County
View affordable apartments and waiting lists in cities near Boulder County
| City | Apartments |
|---|---|
| Boulder, CO | Affordable Housing programs support 41 apartment communities in Boulder. |
| Longmont, CO | Affordable Housing programs support 32 apartment communities in Longmont. |
| Louisville, CO | Affordable Housing programs support 6 apartment communities in Louisville. |
| Lafayette, CO | Affordable Housing programs support 4 apartment communities in Lafayette. |
| Nederland, CO | Affordable Housing programs support 3 apartment communities in Nederland. |
Public Housing Agencies Serving Boulder County, 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.
| Housing Authority | Programs |
|---|---|
| Boulder County Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
| Boulder Housing Partners | Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work |
| Longmont Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
Boulder County, Colorado Affordable Housing Data
Income Based Apartments in Boulder County, Colorado
Boulder County features 1,126 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 Boulder County, Colorado
There are 4,242 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Boulder County.
Housing Choice Vouchers in Boulder County, Colorado
On average, Section 8 Housing Choice vouchers pay Boulder County landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Boulder County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Boulder County, Colorado for a two-bedroom apartment is between $1,720 and $2,102.
2023 Boulder County, 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 | |
|---|---|---|---|---|---|
| Boulder County, Colorado Fair Market Rent | $1,397 | $1,578 | $1,911 | $2,541 | $3,005 |
| Boulder County, Colorado Payment Standard Range | $1,257 to $1,537 | $1,420 to $1,736 | $1,720 to $2,102 | $2,287 to $2,795 | $2,705 to $3,306 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Boulder County, CO Affordable Housing Snapshot
| Total Affordable Apartment Properties | 89 |
|---|---|
| Total Low Income Apartments | 5,414 |
| Total Housing Units with Rental Assistance | 1,126 |
| Percentage of Housing Units Occupied By Renters | 37.83% |
| Average Renter Household Size | 2.32 |
| Average Household Size | 2.45 |
| Median Household Income | $70,961 ±$1,552 |
| Median Rent | $1,187 ±$19 |
| Percentage Of Renters Overburdened | 54.01% ± 2.14pp |
| Total Population | 310,032 |
Population and Household Demographics
Boulder County is a county in Colorado with a population of 310,032. There are 122,516 households in the county with an average household size of 2.45 persons. 37.83% of households in Boulder County are renters.
Income and Rent Overburden in Boulder County
The median gross income for households in Boulder County is $70,961 a year, or $5,913 a month. The median rent for the county is $1,187 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Boulder County, a household making less than $3,957 a month would be considered overburdened when renting an apartment at or above the median rent. 54.01% of households who rent are overburdened in Boulder County.
Area Median Income In Boulder County
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.
In Boulder County, HUD calculates the Area Median Income for a family of four as $125,400
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 Boulder County
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 Boulder County
| 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 Boulder County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$26,350 | $30,100 | $33,850 | $37,600 | $40,650 | $43,650 | $46,650 | $49,650 |
| 50% AMI Income Limits Renters earning up to 50% of the Boulder County AMI may qualify for rental assistance programs that target Very Low Income households. |
$43,900 | $50,200 | $56,450 | $62,700 | $67,750 | $72,750 | $77,750 | $82,800 |
| 80% AMI Income Limits Renters earning up to 80% of the Boulder County AMI may qualify for rental assistance programs that target Low Income households. |
$63,000 | $72,000 | $81,000 | $89,950 | $97,150 | $104,350 | $111,550 | $118,750 |
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