Affordable Housing In Custer County
Colorado

1 Low Income Apartment Communities In Custer County

Housing Authorities that serve Custer County

Housing Authority	Programs
Upper Arkansas Area Council of Governments	Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Mainstream Voucher

Guide To Affordable Housing in Custer County, Colorado

There are 1 low income housing apartment communities offering 14 affordable apartments for rent in Custer County, Colorado.

Income Based Apartments in Custer County, Colorado

Custer County features 14 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 Custer County, Colorado

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

Housing Choice Vouchers in Custer County, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Custer County, Colorado for a two-bedroom apartment is between $776 and $948.

2021 Custer 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
Custer County, Colorado Fair Market Rent	$652	$657	$862	$1,072	$1,492
Custer County, Colorado Payment Standard Range	$587 to $717	$591 to $723	$776 to $948	$965 to $1,179	$1,343 to $1,641

Sourced from federal housing data and AffordableHousingOnline.com research.

Custer County, CO Affordable Housing Snapshot

Total Affordable Apartment Properties	1
Total Low Income Apartments	14
Total Housing Units with Rental Assistance	14
Percentage of Housing Units Occupied By Renters	20.29%
Average Renter Household Size	2.30
Average Household Size	2.15
Median Household Income	$35,000 ±$5,776
Median Rent	$726 ±$103
Percentage Of Renters Overburdened	49.38% ± 14.37pp
Total Population	4,303

Population and Household Demographics

Custer County is a county in Colorado with a population of 4,303. There are 1,996 households in the county with an average household size of 2.15 persons. 20.29% of households in Custer County are renters.

Income and Rent Overburden in Custer County

The median gross income for households in Custer County is $35,000 a year, or $2,917 a month. The median rent for the county is $726 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Custer County, a household making less than $2,420 a month would be considered overburdened when renting an apartment at or above the median rent. 49.38% of households who rent are overburdened in Custer County.

Area Median Income In Custer 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 Custer County, HUD calculates the Area Median Income for a family of four as $57,700

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 Custer 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 Custer 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 Custer County AMI may qualify for rental assistance programs that target Extremely Low Income households.	$14,950	$17,240	$21,720	$26,200	$30,680	$35,160	$39,640	$44,120
50% AMI Income Limits Renters earning up to 50% of the Custer County AMI may qualify for rental assistance programs that target Very Low Income households.	$24,850	$28,400	$31,950	$35,500	$38,350	$41,200	$44,050	$46,900
80% AMI Income Limits Renters earning up to 80% of the Custer County AMI may qualify for rental assistance programs that target Low Income households.	$39,800	$45,450	$51,150	$56,800	$61,350	$65,900	$70,450	$75,000