Affordable Housing In Breckenridge
Summit County, Colorado

1 Low Income Apartment Communities In Breckenridge

Pinewood Village

605 Airport Road
Breckenridge, Colorado
$1,544-2,162
1-3 BR
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Guide To Affordable Housing in Breckenridge, Colorado

There are 1 low income housing apartment communities offering 74 affordable apartments for rent in Breckenridge, Colorado.

Income Based Apartments in Breckenridge, Colorado

Breckenridge 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 Breckenridge, Colorado

There are 74 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Breckenridge.

Housing Choice Vouchers in Breckenridge, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Breckenridge, Colorado for a two-bedroom apartment is between $1,617 and $1,977.

2022 Breckenridge, 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
Breckenridge, Colorado Fair Market Rent $1,340 $1,577 $1,797 $2,553 $2,886
Breckenridge, Colorado Payment Standard Range $1,206 to $1,474 $1,419 to $1,735 $1,617 to $1,977 $2,298 to $2,808 $2,597 to $3,175

Sourced from federal housing data and AffordableHousingOnline.com research.

Breckenridge, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 74
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 33.39%
Average Renter Household Size 3.50
Average Household Size 2.76
Median Household Income $61,394 ±$20,347
Median Rent $1,097 ±$111
Percentage Of Renters Overburdened 45.62% ± 21.95pp
Total Population 4,682

Population and Household Demographics

Breckenridge is a city in Summit County, Colorado with a population of 4,682. There are 1,641 households in the city with an average household size of 2.76 persons. 33.39% of households in Breckenridge are renters.

Income and Rent Overburden in Breckenridge

The median gross income for households in Breckenridge is $61,394 a year, or $5,116 a month. The median rent for the city is $1,097 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Breckenridge, a household making less than $3,657 a month would be considered overburdened when renting an apartment at or above the median rent. 45.62% of households who rent are overburdened in Breckenridge.

Area Median Income In Breckenridge

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 Breckenridge, the AMI is calculated from all households within Summit County.

In Breckenridge, HUD calculates the Area Median Income for a family of four as $99,800

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 Breckenridge

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 Breckenridge

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 Breckenridge AMI may qualify for rental assistance programs that target Extremely Low Income households.
$22,000 $25,150 $28,300 $31,400 $33,950 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Breckenridge AMI may qualify for rental assistance programs that target Very Low Income households.
$36,650 $41,900 $47,150 $52,350 $56,550 $60,750 $64,950 $69,150
80% AMI Income Limits
Renters earning up to 80% of the Breckenridge AMI may qualify for rental assistance programs that target Low Income households.
$58,650 $67,000 $75,400 $83,750 $90,450 $97,150 $103,850 $110,550