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Affordable Housing In Cheyenne County

1 Low Income Apartment Communities In Cheyenne County

Cheyenne Wells

1245 N 1st St W
Cheyenne Wells, Colorado
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Guide To Affordable Housing in Cheyenne County, Colorado

There are 1 low income housing apartment communities offering 25 affordable apartments for rent in Cheyenne County, Colorado.

Income Based Apartments in Cheyenne County, Colorado

Cheyenne County features 25 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 Cheyenne County, Colorado

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cheyenne County.

Housing Choice Vouchers in Cheyenne County, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cheyenne County, Colorado for a two-bedroom apartment is between $661 and $807.

2021 Cheyenne 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
Cheyenne County, Colorado Fair Market Rent $553 $557 $734 $985 $1,156
Cheyenne County, Colorado Payment Standard Range $498 to $608 $501 to $613 $661 to $807 $887 to $1,084 $1,040 to $1,272

Sourced from federal housing data and research.

Cheyenne County, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 25
Total Housing Units with Rental Assistance 25
Percentage of Housing Units Occupied By Renters 24.76%
Average Renter Household Size 2.63
Average Household Size 2.63
Median Household Income $52,554 ±$3,744
Median Rent $636 ±$61
Percentage Of Renters Overburdened 23.37% ± 10.9pp
Total Population 2,002

Population and Household Demographics

Cheyenne County is a county in Colorado with a population of 2,002. There are 743 households in the county with an average household size of 2.63 persons. 24.76% of households in Cheyenne County are renters.

Income and Rent Overburden in Cheyenne County

The median gross income for households in Cheyenne County is $52,554 a year, or $4,380 a month. The median rent for the county is $636 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cheyenne County, a household making less than $2,120 a month would be considered overburdened when renting an apartment at or above the median rent. 23.37% of households who rent are overburdened in Cheyenne County.

Area Median Income In Cheyenne 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 Cheyenne County, HUD calculates the Area Median Income for a family of four as $72,800

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 Cheyenne 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 Cheyenne 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 Cheyenne County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,300 $17,500 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% AMI Income Limits
Renters earning up to 50% of the Cheyenne County AMI may qualify for rental assistance programs that target Very Low Income households.
$25,500 $29,150 $32,800 $36,400 $39,350 $42,250 $45,150 $48,050
80% AMI Income Limits
Renters earning up to 80% of the Cheyenne County AMI may qualify for rental assistance programs that target Low Income households.
$40,800 $46,600 $52,450 $58,250 $62,950 $67,600 $72,250 $76,900

Cities In Cheyenne County

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City Served By
Cheyenne Wells