How many renters live in Cheyenne Wells, Colorado?
The City of Cheyenne Wells has people living in households.
There are renters living in renter households in this City. Renters make up 20.28 percent of the population living in Cheyenne Wells.
What is the rental market like in Cheyenne Wells, Colorado?
There are an estimated housing units in the Cheyenne Wells area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Cheyenne Wells, Colorado, there are 1.1 rental units.
What is the vacancy rate for rentals in Cheyenne Wells?
The rental vacancy rate in Cheyenne Wells is 9 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 Wells for each bedroom size?
Occupied Rental Units by Size in Cheyenne Wells
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 4 | 60 | 21 | 8 |
Occupied Rental Units by Size in Cheyenne Wells
A large number of apartments in Cheyenne Wells 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 Cheyenne Wells
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 Wells, Colorado
How many units are rented at Fair Market Rent (FMR) in Cheyenne Wells?
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 | 22 | 37 percent |
Rental Units Below FMR in Cheyenne Wells, Colorado
How many affordable rental units are in Cheyenne Wells?
There are a variety of federal affordable housing programs serving households in Cheyenne Wells, Colorado including the following:
| Federal Program | Unit Count |
| Public Housing |
Tracked Units by Federal Program in Cheyenne Wells, Colorado
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Cheyenne Wells, Colorado
Cheyenne Wells 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 Wells, Colorado
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cheyenne Wells.
Housing Choice Vouchers in Cheyenne Wells, Colorado
On average, Section 8 Housing Choice vouchers pay Cheyenne Wells landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cheyenne Wells.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cheyenne Wells, Colorado for a two-bedroom apartment is between $834 and $1,020.
Sourced from federal housing data and AffordableHousingOnline.com research.