What HUD offices serve Chaffee 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.
Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Chaffee County.
How many renters live in Chaffee County, Colorado?
The County of Chaffee County has people living in households.
There are renters living in renter households in this County. Renters make up 28.11 percent of the population living in Chaffee County.
What is the rental market like in Chaffee County, Colorado?
There are an estimated housing units in the Chaffee County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Chaffee County, Colorado, there are 1.04 rental units.
What is the vacancy rate for rentals in Chaffee County?
The rental vacancy rate in Chaffee County is 3 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 Chaffee County for each bedroom size?
Occupied Rental Units by Size in Chaffee County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 76 | 542 | 948 | 1,023 | 168 |
Occupied Rental Units by Size in Chaffee County
A large number of apartments in Chaffee County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many units are rented at Fair Market Rent (FMR) in Chaffee County?
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 | 76 | 100 percent |
| One BR | 311 | 57 percent |
| Two BR | 530 | 56 percent |
Rental Units Below FMR in Chaffee County, Colorado
How many affordable rental units are in Chaffee County?
There are a variety of federal affordable housing programs serving households in Chaffee County, Colorado including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Chaffee County, Colorado
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Chaffee County, Colorado
Chaffee County features 138 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 Chaffee County, Colorado
There are 164 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chaffee County.
Housing Choice Vouchers in Chaffee County, Colorado
On average, Section 8 Housing Choice vouchers pay Chaffee County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Chaffee County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Chaffee County, Colorado for a two-bedroom apartment is between $1,284 and $1,570.
Sourced from federal housing data and AffordableHousingOnline.com research.