Canon City, Colorado Affordable Housing

Affordable Housing programs support 461 income based apartments in Canon City where households pay rent based on how much they earn.

There are 239 affordable apartments in Canon City that offer reduced rents to low-income households.

Waiting Lists in Canon City, Colorado

There are two Section 8 Housing Choice Voucher waiting lists open in Canon City.

Go to the Colorado Section 8 Waiting Lists page for more openings near Canon City.

Capitol Hill

818 E 20th Ave
Canon City, Colorado
Income Based
Studio-3 BR

North Park Village

1401 Washington St
Canon City, Colorado
Affordable

Journey Home

250 Justice Center Road
Canon City, Colorado
Homeless Supportive Housing
Affordable

Canon Club Apartments

431 Macon Ave
Canon City, Colorado
Rent Assisted

Odd Fellows Manor

1300 N 15th St
Canon City, Colorado
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Garden Park Villa

1821 N 5th St
Canon City, Colorado
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Mountain Vista of Canon City Apartments

3304 N 5th St
Canon City, Colorado
Rent Assisted

Villa Canon Apartments

2400 E Main St
Canon City, Colorado
Rent Assisted

Fremont County Family Center

675 Family Center Dr
Canon City, Colorado
Affordable

Heatherwood Apartments

260 Justice Center Rd
Canon City, Colorado
Affordable
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Affordable Housing Near Canon City

View affordable apartments and waiting lists in cities near Canon City

City Apartments
Florence, CO Affordable Housing programs support 1 apartment communities in Florence.

Public Housing Agencies Serving Canon City, 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
Upper Arkansas Area Council of Governments Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Mainstream Voucher
Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Canon City.

Canon City, Colorado Affordable Housing Data

Income Based Apartments in Canon City, Colorado

Canon City features 461 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 Canon City, Colorado

There are 239 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Canon City.

Housing Choice Vouchers in Canon City, Colorado

On average, Section 8 Housing Choice vouchers pay Canon City landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Canon City.

The maximum amount a voucher would pay on behalf of a low-income tenant in Canon City, Colorado for a two-bedroom apartment is between $945 and $1,155.

2023 Canon City, 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
Canon City, Colorado Fair Market Rent $792 $798 $1,050 $1,492 $1,646
Canon City, Colorado Payment Standard Range $713 to $871 $718 to $878 $945 to $1,155 $1,343 to $1,641 $1,481 to $1,811

Sourced from federal housing data and AffordableHousingOnline.com research.

Canon City, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 700
Total Housing Units with Rental Assistance 461
Percentage of Housing Units Occupied By Renters 38.65%
Average Renter Household Size 2.24
Average Household Size 2.18
Median Household Income $38,323 ±$3,755
Median Rent $689 ±$55
Percentage Of Renters Overburdened 43.73% ± 7.37pp
Total Population 16,408

Population and Household Demographics

Canon City is a city in Fremont County, Colorado with a population of 16,408. There are 6,892 households in the city with an average household size of 2.18 persons. 38.65% of households in Canon City are renters.

Income and Rent Overburden in Canon City

The median gross income for households in Canon City is $38,323 a year, or $3,194 a month. The median rent for the city is $689 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Canon City, a household making less than $2,297 a month would be considered overburdened when renting an apartment at or above the median rent. 43.73% of households who rent are overburdened in Canon City.

Area Median Income In Canon City

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 Canon City, the AMI is calculated from all households within Fremont County.

In Canon City, HUD calculates the Area Median Income for a family of four as $68,100

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 Canon City

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 Canon City

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 Canon City AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,300 $19,750 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Canon City AMI may qualify for rental assistance programs that target Very Low Income households.
$28,800 $32,900 $37,000 $41,100 $44,400 $47,700 $51,000 $54,300
80% AMI Income Limits
Renters earning up to 80% of the Canon City AMI may qualify for rental assistance programs that target Low Income households.
$46,050 $52,600 $59,200 $65,750 $71,050 $76,300 $81,550 $86,800