How many renters live in Dillon, Colorado?
The City of Dillon has 831 people living in 379 households.
There are 331 renters living in 170 renter households in this City. Renters make up 39.83 percent of the population living in Dillon.
What is the rental market like in Dillon, Colorado?
There are an estimated 1,235 housing units in the Dillon area. Of these, 220 units are rental homes, making up 18 percent of the housing market. For every renter household in Dillon, Colorado, there are 1 rental units.
What is the vacancy rate for rentals in Dillon?
The rental vacancy rate in Dillon is 23 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 Dillon for each bedroom size?
Occupied Rental Units by Size in Dillon
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 92 | 43 | 31 | 4 |
Occupied Rental Units by Size in Dillon
A large number of apartments in Dillon 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 Dillon are overburdened by housing costs?
Among renter households in this market, 61 percent have housing cost burden. Further, 22 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 Dillon
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,551 to $3,650. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,551 |
| One BR | $1,690 |
| Two BR | $2,220 |
| Three BR | $3,128 |
| Four BR | $3,650 |
2024 Fair Market Rents in Dillon, Colorado
How many units are rented at Fair Market Rent (FMR) in Dillon?
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 | 47 | 51 percent |
| Two BR | 8 | 19 percent |
Rental Units Below FMR in Dillon, Colorado
How many affordable rental units are in Dillon?
Income Based Apartments in Dillon, Colorado
Dillon features 30 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 Dillon, Colorado
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Dillon.
Housing Choice Vouchers in Dillon, Colorado
On average, Section 8 Housing Choice vouchers pay Dillon landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Dillon.
The maximum amount a voucher would pay on behalf of a low-income tenant in Dillon, Colorado for a two-bedroom apartment is between $1,998 and $2,442.
Sourced from federal housing data and AffordableHousingOnline.com research.
