What HUD offices serve Eaton, Colorado?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Eaton.
How many renters live in Eaton, Colorado?
The City of Eaton has 5,763 people living in 2,223 households.
There are 467 renters living in 176 renter households in this City. Renters make up 8.1 percent of the population living in Eaton.
What is the rental market like in Eaton, Colorado?
There are an estimated 2,358 housing units in the Eaton area. Of these, 226 units are rental homes, making up 10 percent of the housing market. For every renter household in Eaton, Colorado, there are 1 rental units.
What is the vacancy rate for rentals in Eaton?
The rental vacancy rate in Eaton is 22 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 Eaton for each bedroom size?
Occupied Rental Units by Size in Eaton
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 41 | 54 | 64 | 17 |
Occupied Rental Units by Size in Eaton
A large number of apartments in Eaton 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 Eaton are overburdened by housing costs?
Among renter households in this market, 57 percent have housing cost burden. Further, 0 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 Eaton
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,062 to $2,391. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,062 |
| One BR | $1,190 |
| Two BR | $1,533 |
| Three BR | $2,160 |
| Four BR | $2,391 |
2024 Fair Market Rents in Eaton, Colorado
How many units are rented at Fair Market Rent (FMR) in Eaton?
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 | 11 | 27 percent |
| Two BR | 33 | 61 percent |
Rental Units Below FMR in Eaton, Colorado
How many affordable rental units are in Eaton?
There are a variety of federal affordable housing programs serving households in Eaton, Colorado including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 60 |
Tracked Units by Federal Program in Eaton, Colorado
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Eaton, Colorado
Eaton features 40 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 Eaton, Colorado
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Eaton.
Housing Choice Vouchers in Eaton, Colorado
On average, Section 8 Housing Choice vouchers pay Eaton landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Eaton.
The maximum amount a voucher would pay on behalf of a low-income tenant in Eaton, Colorado for a two-bedroom apartment is between $1,380 and $1,686.
Sourced from federal housing data and AffordableHousingOnline.com research.
