How many renters live in Cheyenne County, Colorado?
The County of Cheyenne County has 1,726 people living in 740 households.
There are 395 renters living in 156 renter households in this County. Renters make up 22.89 percent of the population living in Cheyenne County.
What is the rental market like in Cheyenne County, Colorado?
There are an estimated 969 housing units in the Cheyenne County area. Of these, 189 units are rental homes, making up 20 percent of the housing market. For every renter household in Cheyenne County, Colorado, there are 1 rental units.
What is the vacancy rate for rentals in Cheyenne County?
The rental vacancy rate in Cheyenne County is 16 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Cheyenne County for each bedroom size?
Occupied Rental Units by Size in Cheyenne County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 4 | 77 | 56 | 11 |
Occupied Rental Units by Size in Cheyenne County
A large number of apartments in Cheyenne County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Cheyenne County are overburdened by housing costs?
Among renter households in this market, 21 percent have housing cost burden. Further, 14 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Cheyenne County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $701 to $1,493. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $701 |
| One BR | $706 |
| Two BR | $927 |
| Three BR | $1,298 |
| Four BR | $1,493 |
2024 Fair Market Rents in Cheyenne County, Colorado
How many units are rented at Fair Market Rent (FMR) in Cheyenne 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 |
| One BR | 4 | 100 percent |
| Two BR | 39 | 51 percent |
Rental Units Below FMR in Cheyenne County, Colorado
How many affordable rental units are in Cheyenne County?
There are a variety of federal affordable housing programs serving households in Cheyenne County, Colorado including the following:
| Federal Program | Unit Count |
| Public Housing | 25 |
Tracked Units by Federal Program in Cheyenne County, Colorado
Rental units may be funded in part by multiple federal programs.
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 $834 and $1,020.
Sourced from federal housing data and AffordableHousingOnline.com research.
