How many renters live in Castle Pines, Colorado?
The City of Castle Pines has people living in households.
There are renters living in renter households in this City. Renters make up 12.47 percent of the population living in Castle Pines.
What is the rental market like in Castle Pines, Colorado?
There are an estimated housing units in the Castle Pines area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Castle Pines, Colorado, there are 1.03 rental units.
What is the vacancy rate for rentals in Castle Pines?
The rental vacancy rate in Castle Pines is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Castle Pines for each bedroom size?
Occupied Rental Units by Size in Castle Pines
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 25 | 93 | 255 | 168 | 37 |
Occupied Rental Units by Size in Castle Pines
A large number of apartments in Castle Pines have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Castle Pines
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,658 to $3,225. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,658 |
| One BR | $1,835 |
| Two BR | $2,201 |
| Three BR | $2,874 |
| Four BR | $3,225 |
2024 Fair Market Rents in Castle Pines, Colorado
How many units are rented at Fair Market Rent (FMR) in Castle Pines?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 0 | 100 percent |
| One BR | 0 | 100 percent |
| Two BR | 92 | 36 percent |
Rental Units Below FMR in Castle Pines, Colorado
How many affordable rental units are in Castle Pines?
Income Based Apartments in Castle Pines, Colorado
Castle Pines 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 Castle Pines, Colorado
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Castle Pines.
Housing Choice Vouchers in Castle Pines, Colorado
On average, Section 8 Housing Choice vouchers pay Castle Pines landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Castle Pines.
The maximum amount a voucher would pay on behalf of a low-income tenant in Castle Pines, Colorado for a two-bedroom apartment is between $1,981 and $2,421.
Sourced from federal housing data and AffordableHousingOnline.com research.