Affordable Housing In Cimarron Hills
El Paso County, Colorado

Guide To Affordable Housing in Cimarron Hills, Colorado

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Cimarron Hills, Colorado.

Income Based Apartments in Cimarron Hills, Colorado

Cimarron Hills 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 Cimarron Hills, Colorado

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

Housing Choice Vouchers in Cimarron Hills, Colorado

On average, Section 8 Housing Choice vouchers pay Cimarron Hills landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Cimarron Hills.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cimarron Hills, Colorado for a two-bedroom apartment is between $1,172 and $1,432.

2022 Cimarron Hills, 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
Cimarron Hills, Colorado Fair Market Rent $885 $1,033 $1,302 $1,849 $2,229
Cimarron Hills, Colorado Payment Standard Range $797 to $974 $930 to $1,136 $1,172 to $1,432 $1,664 to $2,034 $2,006 to $2,452

Sourced from federal housing data and AffordableHousingOnline.com research.

Cimarron Hills, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 31.82%
Average Renter Household Size 2.70
Average Household Size 2.84
Median Household Income $52,856 ±$2,507
Median Rent $941 ±$58
Percentage Of Renters Overburdened 37.21% ± 9.36pp
Total Population 16,746

Population and Household Demographics

Cimarron Hills is a city in El Paso County, Colorado with a population of 16,746. There are 5,896 households in the city with an average household size of 2.84 persons. 31.82% of households in Cimarron Hills are renters.

Income and Rent Overburden in Cimarron Hills

The median gross income for households in Cimarron Hills is $52,856 a year, or $4,405 a month. The median rent for the city is $941 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cimarron Hills, a household making less than $3,137 a month would be considered overburdened when renting an apartment at or above the median rent. 37.21% of households who rent are overburdened in Cimarron Hills.

Area Median Income In Cimarron Hills

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Cimarron Hills, the AMI is calculated from all households within El Paso County.

In Cimarron Hills, HUD calculates the Area Median Income for a family of four as $82,400

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 Cimarron Hills

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 Cimarron Hills

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 Cimarron Hills AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,300 $19,800 $22,250 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Cimarron Hills AMI may qualify for rental assistance programs that target Very Low Income households.
$28,850 $33,000 $37,100 $41,200 $44,500 $47,800 $51,100 $54,400
80% AMI Income Limits
Renters earning up to 80% of the Cimarron Hills AMI may qualify for rental assistance programs that target Low Income households.
$46,150 $52,750 $59,350 $65,900 $71,200 $76,450 $81,750 $87,000